PARTNER WITH POWER

PenFed Correspondent Lending

PenFed offers the products and programs to help you win deals and attract and retain top talent.

Discover How PenFed Can Power Your Business 

  • Products available up to $5,000,000
  • Unlimited Cash Out Up to Max LTV
  • No Delegated Administration Fee
  • Delegated and Non-Delegated Underwriting
  • Primary and Second Homes 
  • One appraisal up to $2,000,000      

Underwriting Options

Delegated Underwriting

  • Dedicated Scenario Desk
  • Delegated UW Authority up to $5,000,000
  • Follow DU Credit Recommendation
  • Easy Access to AllRegs Library
  • Experienced Teams Providing Collaborative Support
  • Personalized Lender Support

Non-Delegated Underwriting

  • Dedicated Scenario Desk
  • Follow DU Credit Recommendation
  • Easy Access to AllRegs Library
  • Experienced Teams Providing Collaborative Support
  • Streamlined Loan Delivery Process

Products

Jumbo and Super Jumbo

High Balance

VA-Government

SOFR Jumbo ARMS

PenFed Jumbo ARMS

Become an Approved Lender

Delegated Seller Requirements

Non-Delegated Seller Requirements

About Us

Established in 1935, PenFed today is one of the country’s strongest and most stable financial institutions servicing 2.0 million members worldwide with 27 billion in assets. We do business in all states and the District of Columbia. 
Our correspondent lending division is built around partnership. When you “Partner with Power” you’ll be working with a team of experienced industry professionals committed to helping you to grow your business; we have the products and programs to enable our lending partners to attract and retain top talent.
Our dedicated team of account executives and sales support staff pride themselves on personalized service and support for our lending partners. Contact us today to learn more on how a partnership with PenFed can help to grow your business. 

Connect

OVERVIEW

PenFed correspondent lending Is available to lenders nationwide. Our experienced and dedicated account executive team has been handpicked to provide world class support to lenders in their assigned region.

Please use our map to identify your correct account executive contact based on the state of your company headquarters.

Contact Us

One of our team members will be in touch to discuss how PenFed can help power your business.

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