This profile has been claimed by the business owner or representative.
PENNYMAC
- Mortgage Lenders
- Plano, TX
About this business
Location details
2201 West Plano Parkway, Ste. 150, 300, Plano, TX, 75075, United States
Get directions
Good company !
This is easily the worst loan transaction I've ever done (and I've done about 20). My loan took over 5 months to close (5 months!) with no reasonable explanation whatsoever. I have perfect credit and quickly provided ALL the required info, so there is no reason why this should not have been closed promptly. You guys did hold the original mortgage, so that again also should have been easier. I have additional refinances that I am doing, that will NOT be done through PennyMac.
The entire PennyMac team was terrific from the start. At each point in the process from inquiry, application, processing to closing they kept me updated on status, made sure I was ok with next steps and made sure all my questions were answered. I never had to guess and was always updated. Raven, Nicholas and the entire team with me every step of way. Thank you for your attention and time!
Long delays and inaccurate numbers
reserve the right to share at a later date
Great communication, prompt support, overall a great experiende
knowing my closing cost I thought it was under $2000 and it was above $3000 also don't know how much was applied to escrow
Communication could have been much better.
It was very difficult to get answers from our original agent. The closing took close to three months and documents requests continually changed. For example, I specifically asked up front if a condo questionnaire was needed as was told no. Then a long form was requested a few months in. We closed our HELOC to get lender credits yet getting them placed on the closing disclosure as promised required me to call at least a dozen times.
Frequently asked questions about PENNYMAC
How is PENNYMAC rated?
PENNYMAC has a 4.4 star rating with 6,791 reviews.
When is PENNYMAC open?
PENNYMAC is permanently closed.