PennyMac Financial Services Inc. (NYSE:PFSI) is one of the most promising stocks under $100 to buy. On March 10, PennyMac Financial Services launched a suite of non-qualified mortgage (Non-QM) products within its third-party origination division. These new offerings are designed to assist self-employed individuals, entrepreneurs, and business owners who may not meet traditional lending criteria.

By providing flexible qualification paths, the company aims to help its partners address complex borrower scenarios and expand their reach in the growing Non-QM market. The product suite includes several specialized tools tailored to diverse financial situations. For real estate investors, the Debt Service Coverage Ratio option qualifies loans based on property cash flow rather than personal income.

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Other programs include bank statement-based income calculations for those without standard tax returns, and asset depletion models for retirees or high-net-worth individuals. Additional options, such as 1099 and written verification of employment programs, are also available to support various wealth-building methods. These products are now live and available to all approved partners through the company’s TPO channel.

PennyMac Financial Services Inc. (NYSE:PFSI) is a mortgage finance company that operates through two segments: Production and Servicing.

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