Pennymac TPO launches non-QM product suite

"Our non-QM products help partners compete in a challenging market by offering disciplined, well-structured alternatives to traditional financing. These solutions are built to recognize the diverse ways modern entrepreneurs build wealth, providing flexible qualification paths without compromising on loan performance."

"DSCR loan designed for real estate investors, which qualifies borrowers based on a property's cash flow rather than personal income. The lineup also includes a full documentation option for borrowers with strong credit but nontraditional income sources, as well as bank statement programs that calculates income based on deposit averages and expense factors instead of tax returns."

PennyMac's product suite includes multiple non-QM loan options designed to serve borrowers who don't fit traditional lending criteria. DSCR loans qualify real estate investors based on property cash flow rather than personal income. Bank statement programs calculate income from deposit averages and expense factors instead of tax returns. Asset qualifier and asset depletion programs allow borrowers to qualify using verified liquid assets, targeting retirees and high-net-worth individuals. Full documentation options serve borrowers with strong credit but nontraditional income. Additional programs include written verification of employment and 1099 income options. These products enable origination partners to compete in challenging markets by offering disciplined alternatives to traditional financing while maintaining loan performance standards.

Read at www.housingwire.com