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One of the largest non-bank servicers. Uses MyCoverageInfo for insurance verification.
PennyMac is listed in the MortgageeClauses.com database as a Non-Bank Servicer based in Los Angeles, CA. The mortgagee clause shown above is the standard clause for insurance policies on properties with a PennyMac mortgage. PennyMac uses MyCoverageInfo for insurance verification — submit proof of insurance at mycoverageinfo.com/pennymac. Login requires Loan # + ZIP + Last 4 SSN.
If you are an insurance agent binding or renewing a homeowner policy, use the clause text above and copy it directly onto the declarations page. For questions about this lender's clause requirements, contact their insurance department.