PennyMac Financial Services, Inc. said on Tuesday that it has launched a suite of non-qualified mortgage (non-QM) products within its third-party origination division, aimed to help lending partners serve borrowers with complex financial profiles.

“Pennymac TPO’s newest offerings give our partners tools to help self-employed, entrepreneurs and business owners participate in homeownership,” said Kim Nichols, chief TPO production officer at PennyMac. “As the non-QM space continues to grow, we’re excited to expand into this area and continue the significant growth of our TPO channel.”

The product suite includes several loan options intended to provide more flexible details ⇒

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