Pennymac TPO Expands Offerings with Launch of Non-QM Products

PennyMac Financial Services, Inc. (NYSE: PFSI) today announced that it has launched a comprehensive suite of non-qualified mortgage (Non-QM) products in its third party origination (TPO) division. These products are designed to help TPO partners solve complex borrower scenarios, expand their addressable market, and close more loans.

“Pennymac TPO’s newest offerings give our partners tools to help self-employed, entrepreneurs, and business owners participate in homeownership,” said Kim Nichols, Chief TPO Production Officer at Pennymac. “As the Non-QM space continues to grow, we’re excited to expand into this area and continue the significant growth of our TPO channel.”

Pennymac TPO’s Non-QM offerings are built with flexibility at their core, offering a wide array of income documentation options and loan features tailored to real-world borrower scenarios.

The new Non-QM suite comprises a broad range of tools, including:

• Debt Service Coverage Ratio (DSCR): A product designed for real estate investors that qualifies a loan based on a property’s cash flow rather than personal income.
• Full Documentation: A product for borrowers with excellent credit but non-traditional income sources.
• Bank Statement Programs: A product offering an alternative to tax returns, with income calculation based on deposit averaging and expense factors.
• Asset Qualifier/Depletion: A product allowing the use of verified liquid assets to qualify, ideal for retirees or high-net-worth individuals.
• Additional Non-QM programs, including Written Verification of Employment (WVOE) and 1099 options.

“Our Non-QM products help partners compete in a challenging market by offering disciplined, well-structured alternatives to traditional financing,” said Nick Pabarcus, Managing Director and Non-QM Sales Leader at Pennymac. “These solutions are built to recognize the diverse ways modern entrepreneurs build wealth, providing flexible qualification paths without compromising on loan performance.”

Pennymac TPO’s Non-QM products are now live and available to approved TPO partners.

To learn more or get started, partners are encouraged to contact their Pennymac Account Manager or visit tpo.pennymac.com for additional details.

About PennyMac Financial Services, Inc.

PennyMac Financial Services, Inc. is a specialty financial services firm focused on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market. Founded in 2008, the company is recognized as a leader in the U.S. residential mortgage industry and employs approximately 4,900 people across the country. In 2025, PFSI’s production of newly originated loans totaled $145 billion in unpaid principal balance, making it a top lender in the nation. As of December 31, 2025, PFSI serviced loans totaling $734 billion in unpaid principal balance, making it a top mortgage servicer in the nation. Additional information about PFSI is available at pfsi.pennymac.com.