How do I order a payoff from PennyMac?

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You may call PennyMac to request a payoff demand through our automated phone service in a few quick and easy steps. Your payoff demand will be faxed directly to you. If your loan has any special requirements you will be notified at that time and a manual payoff demand will be processed for you.

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Pay off the principal you borrowed more quickly, and youll own your home earlier, and pay less in loan interest. While there are some drawbacks to paying your loan off early, prepayment penalties arent one of them – at least at PennyMac.

Similarly, what bank does PennyMac use? PennyMac is a separate organization from PennyMac Mortgage Investment Trust (NYSE: PMT), a mortgage REIT.

PennyMac Loan Services.

Type Subsidiary of a public company Products 30-year fixed-rate mortgages, 15-year fixed-rate mortgages, FHA loans, VA loans, ARM loans, jumbo loans
In this regard, how do you pay on PennyMac?

Online Single Payment Log in to your PennyMac account from any browser or Download the PennyMac Mobile app from the App Store. Choose Make a Payment followed by One-Time Payment. Follow our easy two-step process to make your payment using your bank account or debit card.

Can you skip a payment with PennyMac?

To apply for a modification, you need to complete the PennyMac Modification Checklist. Borrowers who have trouble paying their mortgage because of financial hardship can request a loan modification. Reasons for hardship can include: An increase in mortgage payments due to an increase in interest rate or escrow payments.