Pennymac TPO is waiving a $99 credit report fee charged at closing for loans submitted through its POWER+ portal in December, the lender announced Wednesday.

“Qualified credit report fee waivers will be paid by Pennymac at closing—no action required by the partner,” the company said in a notice to brokers.

The move comes as credit report costs are expected to rise by about 50% in 2026, marking the fourth consecutive year of increases, according to resellers who spoke with HousingWire. The rising costs are tied to reports that originate with FICO data and flow through the three major details ⇒

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