Correspondent Mortgage Lending Program

PARTNER WITH POWER

Correspondent Lending

Win deals. Attract and retain top talent.

You Can Power Your Business

Products available up to $3,000,000
Cash Out up to $500,000
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 $3,000,000
Follow DU Credit Recommendations with Limited Overlays
Easy Access to AllRegs Library
Experienced Teams Providing Collaborative Support
Personalized Lender Support

Non-Delegated Underwriting

In-House Underwriting, File Review and Loan Purchase
Follow DU Credit Recommendations with Limited Overlays
Dedicated Scenario Desk
Easy Access to AllRegs Library
Experienced Teams Providing Collaborative Support
Streamlined Loan Delivery Process

Products

SOFR Jumbo ARMS

Become an Approved Lender

Contact your Delegated Account Executive or Non-Delegated Relationship Manager for more information.

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.

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.

Delegated PenFed Regions, Map - Pacific North: Alaska, California, Hawaii, Idaho, Montana, Nevada, Oregon, Wyoming, Washington. Pacific South: Arizona, New Colorado, Mexico, Utah. Central: Arkansas, Kansas, Illinois, Iowa, Louisiana, Minnesota, Mississippi, Missouri, Nebraska, North Dakota, Oklahoma, South Dakota, Texas, Wisconsin. South East: Alabama, Georgia, Florida, South Carolina, North Carolina, Virginia, DC. North East: Connecticut, Delaware, Maine, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Vermont. Mid East: Indiana, Kentucky, Michigan, Ohio, West Virginia

OVERVIEW

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

Non-Delegated Regions, Map - West: Alaska, California, Hawaii, Idaho, Montana, Nevada, Oregon, Colorado, Washington, Wyoming, Utah. South: Alabama, Arizona, Arkansas, Louisiana, Mississippi, New Mexico, Oklahoma, Tennessee, Texas. Midwest: Nebraska, North Dakota, South Dakota, Kansas, Minnesota, Iowa, Missouri, Wisconsin, Illinois, Indiana, Michigan, Kentucky, Ohio, West Virginia. East: Delaware, DC, Florida, Georgia, Maryland, South Carolina, New Jersey, North Carolina, Virginia. North East: Connecticut, Maine, Massachusetts, New Hampshire, New York, Pennsylvania, Rhode Island, Vermont.

Contact Us

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

Delegated Correspondent - corrsupport@penfed.org

Non-Delegated Correspondent - lenderrelations@penfed.org

Correspondent Lending

You Can Power Your Business

Underwriting Options

Delegated Underwriting

Non-Delegated Underwriting

Products

Jumbo and Super Jumbo

High Balance

VA-Government

SOFR Jumbo ARMS

About Us

Connect with PenFed Delegated Team

OVERVIEW

NORTH EAST

MID EAST

SOUTH EAST

CENTRAL

PACIFIC NORTH

PACIFIC SOUTH

Connect with PenFed Non-Delegated Team

OVERVIEW

EAST

SOUTH CENTRAL / SOUTHWEST

MIDWEST / NORTHWEST

Contact Us

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You are leaving PenFed.org and entering a third party site. PenFed Realty, LLC is wholly owned by PenFed and this referral may provide PenFed a financial or other benefit.

You are leaving PenFed.org and entering a third party Website.

You are leaving PenFed.org and entering a third party site. PenFed Title, LLC is wholly owned by PenFed and this referral may provide PenFed a financial or other benefit.

Correspondent Lending

You Can Power Your Business

Underwriting Options

Delegated Underwriting

Non-Delegated Underwriting

Products

Jumbo and Super Jumbo

High Balance

VA-Government

SOFR Jumbo ARMS

About Us

OVERVIEW

NORTH EAST

MID EAST

SOUTH EAST

CENTRAL

PACIFIC NORTH

PACIFIC SOUTH

OVERVIEW

EAST

SOUTH CENTRAL / SOUTHWEST

MIDWEST / NORTHWEST

Contact Us

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