New platform offers advanced loan processing, compliance tools, and pricing capabilities
PennyMac Financial Services has rolled out NonDel+, a new non-delegated origination option within its third-party lending (TPO) division.
NonDel+ is integrated into the lender’s POWER+ portal, allowing mortgage bankers to retain control over loans while receiving underwriting, disclosure, and compliance support.
The NonDel+ platform is designed to streamline the loan process, covering loan setup, pricing, closing, and delivery. Other features include real-time compliance checks, dual Automated Underwriting System (AUS) integration, and a settlement agent collaboration portal to finalize fees and generate closing documents.
According to the company, this new offering enhances efficiency in the non-delegated lending space, allowing bankers to manage loans with additional operational support.
Read next: Pennymac names new chief amid leadership reshuffle
"We are proud to expand our TPO offering with NonDel+, which was created to empower our TPO partners to thrive in the non-delegated lending space," Kim Nichols, chief TPO production officer of PennyMac, said in a Press release. "This cutting-edge platform enabled by our proprietary POWER+ technology, reflects our commitment and investment in TPO and further establishes Pennymac as a preeminent player in the wholesale channel.”
PennyMac ranks as the third-largest wholesale lender and top loan acquirer in the correspondent channel.
The launch of NonDel+ comes as PennyMac reported a decline in net income for 2024, with earnings falling to $161 million, down from $199.7 million in 2023.
Read more: PennyMac sees net income slump over full year
Net investment income also dropped to $334.2 million, compared to $429 million the previous year. The company’s book value per share dipped slightly, from $16.13 to $15.87, while return on average common equity stood at 8%.
Stay updated with the freshest mortgage news. Get exclusive interviews, breaking news, and industry events in your inbox, and always be the first to know by subscribing to our FREE daily newsletter.
