FAQs

If I send a payment that's more than my normal monthly mortgage payment, how will Pennymac apply the funds?

Please provide instructions for how to apply your payment, otherwise the payment will be applied based on the hierarchy listed on the back of your statement. For example, if your payment is $1,500, and you send $2,000, provide instructions for how you would like the additional $500 applied.

Note: If you are a home banking customer, payment instructions are not received with your payment.