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2201 West Plano Parkway, Ste. 150, 300, Plano, TX, 75075, United States
Get directionsHere are a few of the many instances that made my refinance process unpleasant: A document was requested for my VA approval. I sent the document about 5 times, it was confirmed to have been received, and then I was asked again multiple times to submit the document. My wife was denied credit for a reason that was never explained to me. After receiving that news, any and all communication from Jason Staples stopped. I reached out multiple times to find out what happened without explanation.
No
Overall the experience was fairly easy and quick during a time where a majority of us our working from home which can be challenging.
Excellent customer service!
Initial approval had me saving $115/month and getting $200+ at closing. These figures were supposed to be "locked in". When given the closing disclosure, the amounts had changed to saving $55/month and getting $330 at closing. Explanation was my property taxes had doubled. Final documents had me saving $50/month and owing $54 at closing. Very disappointing to not get the "locked in" figures initially promised. BAIT AND SWITCH?!?
PennyMac worked hard to get us refinanced in a time of need
I was given a different number at the end of the process, it wasn’t clear at the beginning
Thorough, timely, and convenient.
I have worked with PennyMac in the past with great results. The loan process and communication process was extremely awkward. I was sent (monthly) a closing statement showing how much was needed to pay off the original loan. The transition from the original loan official to Jacob was not smooth or communicated accurately. While overall, I am happy with my new rate, the service aspect was not clean or clear
PENNYMAC has a 4.4 star rating with 6,791 reviews.
PENNYMAC is permanently closed.