FAQs
How do I send payoff funds?
Accepted Payment Methods:
- Wire Transfer
- Title Check / Cashier’s Check
- Money Order
Important Restrictions:
- Personal checks are NOT accepted.
- Payoffs cannot be completed via the PennyMac website or automated phone system.
FRAUD WARNING: Emails and fax documents can be intercepted and altered resulting in false wiring instructions. To avoid fraud, please use only the wiring instructions provided below.
Wire Transfer: Please ensure your Loan Number is referenced on the wire.
Bank Name: JPM Chase
Account Name: PennyMac Loan Services, LLC
ABA #: 021000021
Bank Account #: 818073923
Information for Beneficiary (OBI): Attn Payoff [insert Pennymac loan number]
Mail (Regular or Overnight): Send Title Checks, Cashier’s Checks, or Money Orders to the address below. You must include your Loan Number with your remittance.
Payoff funds sent by Title Check, Cashiers Check or Money Order should be sent overnight or by regular mail to:
PennyMac Loan Services, LLC
Attention: Cash Management
6101 Condor Drive
Moorpark, CA 93021