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  • I have been trying to get setup with this company for years; can you please provide contact email for an asset manager that I can follow up with and get signed up?  Thanks, really appreciate the help and extra effort!  

  • Hi Rebecca,

    I am currently working with a buyer who has made an offer on a PennyMac property. The property is in a multiple offer situation, and we're waiting to see if my customer's offer was accepted. The listing had a requirement to get preapproved through them and offers $1700 toward C/C or to buy down points. The interest rate was 4.75%. After speaking with the loan officer and reviewing with him that PennyMac couldn't make a buyer use them if they were approved, he shared with me that they want to eliminate tire kickers and tying up the property and in the end not being able to close. They want to have confidence that the buyer can close and also to be in a position to give the buyer a choice to use them vs. their current lender, and to also let the buyer know that once approved by PennyMac they could use that approval for any property. The listing agent also mentioned that even though your customer may be prequalified - preapproved when you submit their offer, the offers that have been preapproved by PennyMac are taken more 'seriously'. Hope this helps.

    • Lena:

        Thanks so much for the information. Much appreicated! Listng a short sale with them today.

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