NetDirector was made aware in April that PennyMac would be transitioning to its own proprietary system on May 1st, 2022. All new referrals after that date will be transmitted via their new system, and no longer through VendorScape.
NetDirector has successfully completed the transition and testing process, and we’ve successfully implemented the new integration. There are still updates coming from PennyMac regarding process type, but we continue to work with them to identify any concerns.
Referral availability was extended to May 15th but is now fully transitioned over to their new platform. If you notice any issues or have questions about your PennyMac integration, please reach out to your integration analyst and we’ll be happy to assist!
By Alexander Craddock
By Seth Wuertz