FAQs

How do I avoid or discontinue lender-placed insurance?

In order to avoid or remove lender-placed insurance, you must provide Pennymac with proof of insurance (insurance policy declaration page). Here’s how you can provide Pennymac with proof of coverage:

Pennymac will update your insurance information within 3-5 business days from the time we receive the request and proof of insurance. Once completed, the new insurance information will be displayed in the Escrow section of your online account.