We are now approved to submit Conventional and FHA loan files to Union National Mortgage. Please contact our Account Executive for rates, information and logins.
Jeffery Thomas
440-238-2525
jthomas@unmwholesale.com
Access to the Wholesale Rate Sheet www.unmwholesale.com LOG IN is unmbroker and 20Rates10 (that is a capital R)
Friday, November 12, 2010
Monday, September 20, 2010
Manufactured Home Lender
This is good news for most of you I think. We are now offering Manufactured Home loans and pricing again. I have attached the guideline overlay to this email. The overlay is in addition to any other FHA guidelines in place. Please download this guideline and please understand, There are NO exceptions available to these requirements. I look forward to hearing from you soon with any of your FHA needs.
Thanks,
Cal Shaw Account Executive - FloridaFirst American Mortgage Trust727-504-6674 cal.shaw@nxtloan.com
Thanks,
Cal Shaw Account Executive - FloridaFirst American Mortgage Trust727-504-6674 cal.shaw@nxtloan.com
Thursday, September 9, 2010
New Lender- Terrace Mortgage
Congratulations! Your application for conventional and FHA loans has been approved. I encourage you to “Experience the Terrace Advantage”. If you have any questions on submitting loans, please do not hesitate to call your account representative, Tonya Mills, at 813-363-8006.
Friday, August 27, 2010
New Lender- ICON
CONVENTIONAL APPROVAL
____________________________________________________________
INNOVATIVE MORTGAGE SERVICES INC
Icon Broker ID: 19015_001
Dear Broker,
Congratulations on your approval as a Conventional Wholesale Broker with Icon Residential Lenders LLC. We look forward to the opportunity to develop a strong and lasting relationship and thank you for choosing us to assist you with your wholesale lending needs.
Please refer to the above Broker ID when submitting files for underwriting. Your Icon Account Executive can be reached as follows:
STEVE BUONANNO
SBUONANNO@ICONRESIDENTIAL.COM
Please visit www.iconwholesale.com for Submission Forms, Lock & Doc Request Forms, and matrices to familiarize yourself with Icon’s programs and to assist you with submitting loans.
FHA APPROVAL
____________________________________________________________
Your request to have Carnegie Mortgage LLC as an additional FHA Sponsor for the below referenced location has been approved.
You will be able to find us in FHA Connection under the following: Carnegie Mortgage LLC/FHA ID # 2991900006
____________________________________________________________
INNOVATIVE MORTGAGE SERVICES INC
Icon Broker ID: 19015_001
Dear Broker,
Congratulations on your approval as a Conventional Wholesale Broker with Icon Residential Lenders LLC. We look forward to the opportunity to develop a strong and lasting relationship and thank you for choosing us to assist you with your wholesale lending needs.
Please refer to the above Broker ID when submitting files for underwriting. Your Icon Account Executive can be reached as follows:
STEVE BUONANNO
SBUONANNO@ICONRESIDENTIAL.COM
Please visit www.iconwholesale.com for Submission Forms, Lock & Doc Request Forms, and matrices to familiarize yourself with Icon’s programs and to assist you with submitting loans.
FHA APPROVAL
____________________________________________________________
Your request to have Carnegie Mortgage LLC as an additional FHA Sponsor for the below referenced location has been approved.
You will be able to find us in FHA Connection under the following: Carnegie Mortgage LLC/FHA ID # 2991900006
Thursday, June 24, 2010
Pricing Incentive
Crescent wants your business!
To show you how much, Innovative Brokers can make an additional 1/4 of a point on all fixed rate, Conventional and Government loans today thru 7/14/2010! The adjustment will show in the price engine.
Same great service, even better price!
Robert Shellenberger
Account Executive / Florida
5901 Peachtree Dunwoody Rd, NE
Bldg C, Suite 250,
Atlanta GA 30328
727-638-1583 Direct Phone
rshellenberger@crescentmortgage.net
www.crescentexpress.net
To show you how much, Innovative Brokers can make an additional 1/4 of a point on all fixed rate, Conventional and Government loans today thru 7/14/2010! The adjustment will show in the price engine.
Same great service, even better price!
Robert Shellenberger
Account Executive / Florida
5901 Peachtree Dunwoody Rd, NE
Bldg C, Suite 250,
Atlanta GA 30328
727-638-1583 Direct Phone
rshellenberger@crescentmortgage.net
www.crescentexpress.net
Tuesday, June 15, 2010
Maverick Funding
We are not approved with this lender, but we will sign upon an Innovative Originator having a valid loan to submit to them.
Maverick offers a full line of FHA & Conventional loan programs. Maverick’s Two biggest niche’s are Speed of Service & Common Sense Underwriting. As simple as it may sound, I have been very successful in helping each and every one of my brokers increase their closing ratios with these two tools alone.
1. Speed of Service - Maverick’s main focus is on speedy service and getting your loans closed as quickly & hassle free as possible. Our turn times for approvals are running between 48-72 hours consistently. Conditions are cleared as they are sent in (same day) and we very frequently accommodate closings the same day that your conditions are cleared. You don't have to wait days, or even weeks (like some lenders) to get your conditions cleared or to get a closing package out!!
2. Common Sense Underwriting - Maverick has a team of underwriters that specialize in “Common Sense Underwriting”. Many, many of the loans that we take in and approve have been denied elsewhere. We understand that just about every file today has a grey area, and if the loan makes sense, we are willing to step outside the box and get the deal done.
Fast Facts About Maverick Funding:
· Minimum Fico is 620
· No Maximum Debt Ratio on FHA loans with Approve/Eligible findings
· We offer Conventional, FHA, & High Balance loan programs
· Minimum loan amount is $80,000
· We will accept any lender’s DU findings
· Rates locks do not have to cover the 3 day rescission period on refinances
States Licensed: AL, CA, CO*, CT, DE, FL, IN*, MA, ME, MD, NC*, NH, NJ, OH, PA, RI, TN*, VA, VT, WA*
*Conventional Only
I work as an inside Account Executive. I am easy to reach by both phone & email. I am available 24/7 to answer questions and review loan scenarios. If you have any questions at all, please do not hesitate to give me a call.
Thanks,
Lisa
Maverick offers a full line of FHA & Conventional loan programs. Maverick’s Two biggest niche’s are Speed of Service & Common Sense Underwriting. As simple as it may sound, I have been very successful in helping each and every one of my brokers increase their closing ratios with these two tools alone.
1. Speed of Service - Maverick’s main focus is on speedy service and getting your loans closed as quickly & hassle free as possible. Our turn times for approvals are running between 48-72 hours consistently. Conditions are cleared as they are sent in (same day) and we very frequently accommodate closings the same day that your conditions are cleared. You don't have to wait days, or even weeks (like some lenders) to get your conditions cleared or to get a closing package out!!
2. Common Sense Underwriting - Maverick has a team of underwriters that specialize in “Common Sense Underwriting”. Many, many of the loans that we take in and approve have been denied elsewhere. We understand that just about every file today has a grey area, and if the loan makes sense, we are willing to step outside the box and get the deal done.
Fast Facts About Maverick Funding:
· Minimum Fico is 620
· No Maximum Debt Ratio on FHA loans with Approve/Eligible findings
· We offer Conventional, FHA, & High Balance loan programs
· Minimum loan amount is $80,000
· We will accept any lender’s DU findings
· Rates locks do not have to cover the 3 day rescission period on refinances
States Licensed: AL, CA, CO*, CT, DE, FL, IN*, MA, ME, MD, NC*, NH, NJ, OH, PA, RI, TN*, VA, VT, WA*
*Conventional Only
I work as an inside Account Executive. I am easy to reach by both phone & email. I am available 24/7 to answer questions and review loan scenarios. If you have any questions at all, please do not hesitate to give me a call.
Thanks,
Lisa
Maverick offers a full line of FHA & Conventional loan programs. Maverick’s Two biggest niche’s are Speed of Service & Common Sense Underwriting. As simple as it may sound, I have been very successful in helping each and every one of my brokers increase their closing ratios with these two tools alone.
1. Speed of Service - Maverick’s main focus is on speedy service and getting your loans closed as quickly & hassle free as possible. Our turn times for approvals are running between 48-72 hours consistently. Conditions are cleared as they are sent in (same day) and we very frequently accommodate closings the same day that your conditions are cleared. You don't have to wait days, or even weeks (like some lenders) to get your conditions cleared or to get a closing package out!!
2. Common Sense Underwriting - Maverick has a team of underwriters that specialize in “Common Sense Underwriting”. Many, many of the loans that we take in and approve have been denied elsewhere. We understand that just about every file today has a grey area, and if the loan makes sense, we are willing to step outside the box and get the deal done.
Fast Facts About Maverick Funding:
· Minimum Fico is 620
· No Maximum Debt Ratio on FHA loans with Approve/Eligible findings
· We offer Conventional, FHA, & High Balance loan programs
· Minimum loan amount is $80,000
· We will accept any lender’s DU findings
· Rates locks do not have to cover the 3 day rescission period on refinances
States Licensed: AL, CA, CO*, CT, DE, FL, IN*, MA, ME, MD, NC*, NH, NJ, OH, PA, RI, TN*, VA, VT, WA*
*Conventional Only
I work as an inside Account Executive. I am easy to reach by both phone & email. I am available 24/7 to answer questions and review loan scenarios. If you have any questions at all, please do not hesitate to give me a call.
Thanks,
Lisa
ldellaporta@maverickfunding.com
772/233/3982
Maverick offers a full line of FHA & Conventional loan programs. Maverick’s Two biggest niche’s are Speed of Service & Common Sense Underwriting. As simple as it may sound, I have been very successful in helping each and every one of my brokers increase their closing ratios with these two tools alone.
1. Speed of Service - Maverick’s main focus is on speedy service and getting your loans closed as quickly & hassle free as possible. Our turn times for approvals are running between 48-72 hours consistently. Conditions are cleared as they are sent in (same day) and we very frequently accommodate closings the same day that your conditions are cleared. You don't have to wait days, or even weeks (like some lenders) to get your conditions cleared or to get a closing package out!!
2. Common Sense Underwriting - Maverick has a team of underwriters that specialize in “Common Sense Underwriting”. Many, many of the loans that we take in and approve have been denied elsewhere. We understand that just about every file today has a grey area, and if the loan makes sense, we are willing to step outside the box and get the deal done.
Fast Facts About Maverick Funding:
· Minimum Fico is 620
· No Maximum Debt Ratio on FHA loans with Approve/Eligible findings
· We offer Conventional, FHA, & High Balance loan programs
· Minimum loan amount is $80,000
· We will accept any lender’s DU findings
· Rates locks do not have to cover the 3 day rescission period on refinances
States Licensed: AL, CA, CO*, CT, DE, FL, IN*, MA, ME, MD, NC*, NH, NJ, OH, PA, RI, TN*, VA, VT, WA*
*Conventional Only
I work as an inside Account Executive. I am easy to reach by both phone & email. I am available 24/7 to answer questions and review loan scenarios. If you have any questions at all, please do not hesitate to give me a call.
Thanks,
Lisa
Maverick offers a full line of FHA & Conventional loan programs. Maverick’s Two biggest niche’s are Speed of Service & Common Sense Underwriting. As simple as it may sound, I have been very successful in helping each and every one of my brokers increase their closing ratios with these two tools alone.
1. Speed of Service - Maverick’s main focus is on speedy service and getting your loans closed as quickly & hassle free as possible. Our turn times for approvals are running between 48-72 hours consistently. Conditions are cleared as they are sent in (same day) and we very frequently accommodate closings the same day that your conditions are cleared. You don't have to wait days, or even weeks (like some lenders) to get your conditions cleared or to get a closing package out!!
2. Common Sense Underwriting - Maverick has a team of underwriters that specialize in “Common Sense Underwriting”. Many, many of the loans that we take in and approve have been denied elsewhere. We understand that just about every file today has a grey area, and if the loan makes sense, we are willing to step outside the box and get the deal done.
Fast Facts About Maverick Funding:
· Minimum Fico is 620
· No Maximum Debt Ratio on FHA loans with Approve/Eligible findings
· We offer Conventional, FHA, & High Balance loan programs
· Minimum loan amount is $80,000
· We will accept any lender’s DU findings
· Rates locks do not have to cover the 3 day rescission period on refinances
States Licensed: AL, CA, CO*, CT, DE, FL, IN*, MA, ME, MD, NC*, NH, NJ, OH, PA, RI, TN*, VA, VT, WA*
*Conventional Only
I work as an inside Account Executive. I am easy to reach by both phone & email. I am available 24/7 to answer questions and review loan scenarios. If you have any questions at all, please do not hesitate to give me a call.
Thanks,
Lisa
Maverick offers a full line of FHA & Conventional loan programs. Maverick’s Two biggest niche’s are Speed of Service & Common Sense Underwriting. As simple as it may sound, I have been very successful in helping each and every one of my brokers increase their closing ratios with these two tools alone.
1. Speed of Service - Maverick’s main focus is on speedy service and getting your loans closed as quickly & hassle free as possible. Our turn times for approvals are running between 48-72 hours consistently. Conditions are cleared as they are sent in (same day) and we very frequently accommodate closings the same day that your conditions are cleared. You don't have to wait days, or even weeks (like some lenders) to get your conditions cleared or to get a closing package out!!
2. Common Sense Underwriting - Maverick has a team of underwriters that specialize in “Common Sense Underwriting”. Many, many of the loans that we take in and approve have been denied elsewhere. We understand that just about every file today has a grey area, and if the loan makes sense, we are willing to step outside the box and get the deal done.
Fast Facts About Maverick Funding:
· Minimum Fico is 620
· No Maximum Debt Ratio on FHA loans with Approve/Eligible findings
· We offer Conventional, FHA, & High Balance loan programs
· Minimum loan amount is $80,000
· We will accept any lender’s DU findings
· Rates locks do not have to cover the 3 day rescission period on refinances
States Licensed: AL, CA, CO*, CT, DE, FL, IN*, MA, ME, MD, NC*, NH, NJ, OH, PA, RI, TN*, VA, VT, WA*
*Conventional Only
I work as an inside Account Executive. I am easy to reach by both phone & email. I am available 24/7 to answer questions and review loan scenarios. If you have any questions at all, please do not hesitate to give me a call.
Thanks,
Lisa
ldellaporta@maverickfunding.com
772/233/3982
New VA lender- REMN
Please contact Jennifer with any questions or to get set up
Jennifer Amir
Account Executive / FHA
Real Estate Mortgage Network, Inc.
499 Thornall St. 2nd Floor
Edison, NJ 08837
REMN FHA ID# 78113-00008
REMN VA ID# 5597800000
732-738-7100 Ext. 341/Office
973-390-0920/ Cellular
866-789-2360/ Fax
Jennifer@fhaland,comwww.remnwholesale.com
Jennifer Amir
Account Executive / FHA
Real Estate Mortgage Network, Inc.
499 Thornall St. 2nd Floor
Edison, NJ 08837
REMN FHA ID# 78113-00008
REMN VA ID# 5597800000
732-738-7100 Ext. 341/Office
973-390-0920/ Cellular
866-789-2360/ Fax
Jennifer@fhaland,comwww.remnwholesale.com
Monday, June 14, 2010
Network Credit- New Pricing
Per our conversation I wanted to send you the products and pricing that we can offer Innovative Mortgage and your approved mortgage brokers. We are really happy that we now have all of the products you need to close all of your loans with your lenders.
We can offer you the following prices. Please let me know what you think of them and if we can save you and your brokers money!
Individual One Bureau Report - $3.35 – Trans Union
Joint One Bureau Report - $5.45 – Trans Union
Individual Trimerge - $10.15
Joint Trimerge - $16.80 – Our Trimerge includes scores, OFAC alert, and safescan and we do not charge for using Calyx Point.
Supplements - $7 per tradeline
Rapid Rescore - $30 per bureau per tradeline
Credit Radar cover sheet – free until August
What If Simulators - $5 per bureau
No minimums on any mortgage broker
4506 T Report – 1 year - $7.25
4506 T Report – 2 year - $12.50
FNMA Reissue Fee - $2.50
Mortgage Fraud Report - $16.00
The breakdown of the 4 reports that make up the Mortgage Fraud Report is as follows:
ID Report - $2.50
MERS Report - $1.50
Property History - $8.00
Employer ID - $4.00
You can keep all of the reports or if you don’t think you need all of them we can take off the ones you do not need.
We also have our credit card link that can go onto anyones web site for their clients to fill out and pay with their credit card. The fee is $2.50 but the client will pay for that with his credit card.
Suzanne, we can get your mortgage brokers set up within a business day and we can help them with all of their needs and questions. I am local so I can meet with any of your branches that would like me to come by. We can also set up webinars or they can just contact me and I will help them as soon as possible.
I would love to get more business from you so if there is anything else I can do for you please let me know. I think our pricing sounded like we could save your brokers money but if they need to be lowered I would be happy to contact my boss.
If for some reason they still want to pull credit with another company we can still save them money with our 4506Ts.
I look forward to hearing from you. Have a great week.
Doug Swan
Account Executive
Network Credit Services
813-299-2611 Cell
813-685-4410 Fax
We can offer you the following prices. Please let me know what you think of them and if we can save you and your brokers money!
Individual One Bureau Report - $3.35 – Trans Union
Joint One Bureau Report - $5.45 – Trans Union
Individual Trimerge - $10.15
Joint Trimerge - $16.80 – Our Trimerge includes scores, OFAC alert, and safescan and we do not charge for using Calyx Point.
Supplements - $7 per tradeline
Rapid Rescore - $30 per bureau per tradeline
Credit Radar cover sheet – free until August
What If Simulators - $5 per bureau
No minimums on any mortgage broker
4506 T Report – 1 year - $7.25
4506 T Report – 2 year - $12.50
FNMA Reissue Fee - $2.50
Mortgage Fraud Report - $16.00
The breakdown of the 4 reports that make up the Mortgage Fraud Report is as follows:
ID Report - $2.50
MERS Report - $1.50
Property History - $8.00
Employer ID - $4.00
You can keep all of the reports or if you don’t think you need all of them we can take off the ones you do not need.
We also have our credit card link that can go onto anyones web site for their clients to fill out and pay with their credit card. The fee is $2.50 but the client will pay for that with his credit card.
Suzanne, we can get your mortgage brokers set up within a business day and we can help them with all of their needs and questions. I am local so I can meet with any of your branches that would like me to come by. We can also set up webinars or they can just contact me and I will help them as soon as possible.
I would love to get more business from you so if there is anything else I can do for you please let me know. I think our pricing sounded like we could save your brokers money but if they need to be lowered I would be happy to contact my boss.
If for some reason they still want to pull credit with another company we can still save them money with our 4506Ts.
I look forward to hearing from you. Have a great week.
Doug Swan
Account Executive
Network Credit Services
813-299-2611 Cell
813-685-4410 Fax
Pacific Union Financial-
. I’ve attached some information about some of our niche products in today’s market. We are able to get a lot of loans done that most lenders will not do. We have 48-72 hour UW times. Our average turn time from start to finish is 16 days.
However, in FL we have a couple more overlays then what is on my attached information:
ONLY purchases and rate/term refis
Owner occ properties only
Max LTV on agency 80
1 unit only
Minimum fico for ALL products is 660.
Only 30 and 15 yr fixed products on both agency and IO.
Absolutely no flips on FL loans, minimum 6 months seasoning.
Absolutely NO CONDOS
Although this might seem like a lot, we still have only 1 score reporting is good, no max DTI for FHA with a DU approval. We’ll go to 50% back end on conventional. No minimum tradelines. Less then 2 years self-employed (case by case).
Please take a look, and let me know if you have something you’d like me to look at for you. Again, I appreciate you passing this along for me, and I look forward to hearing from you.
Thanks,
Luke Meissner
Account Executive
Pacific Union Financial
443-761-6060(P)
410-688-9237(C)
lucas.meissner@loanpacific.com
www.pacuniondirect.com
However, in FL we have a couple more overlays then what is on my attached information:
ONLY purchases and rate/term refis
Owner occ properties only
Max LTV on agency 80
1 unit only
Minimum fico for ALL products is 660.
Only 30 and 15 yr fixed products on both agency and IO.
Absolutely no flips on FL loans, minimum 6 months seasoning.
Absolutely NO CONDOS
Although this might seem like a lot, we still have only 1 score reporting is good, no max DTI for FHA with a DU approval. We’ll go to 50% back end on conventional. No minimum tradelines. Less then 2 years self-employed (case by case).
Please take a look, and let me know if you have something you’d like me to look at for you. Again, I appreciate you passing this along for me, and I look forward to hearing from you.
Thanks,
Luke Meissner
Account Executive
Pacific Union Financial
443-761-6060(P)
410-688-9237(C)
lucas.meissner@loanpacific.com
www.pacuniondirect.com
Wednesday, March 24, 2010
United Wholesale- New Lender
We are now approved to generate mortages thru United Wholesale- Please contact our account executive to obtain information or quotes.
Should you have any questions or need assistance, please feel free to contact your Account Executive, Lisa Scholten. We look forward to working with you!
Lisa A. Scholten
Account Executive
United Wholesale Mortgage
Office: (800) 981-8898 x 5576
Email: lscholten@uwmco.com
Website: www.uwmco.com
Should you have any questions or need assistance, please feel free to contact your Account Executive, Lisa Scholten. We look forward to working with you!
Lisa A. Scholten
Account Executive
United Wholesale Mortgage
Office: (800) 981-8898 x 5576
Email: lscholten@uwmco.com
Website: www.uwmco.com
Wednesday, March 17, 2010
USDA Loans!!
On March 10th USDA sent out a notice that program funding will likely be exhausted by the end of April. USDA is not going to issue any Conditional Commitments after this time (as they did in the past) since they are not certain when additional funds will become available. Submit your USDA-RD files ASAP to assure closing.
Franklin American Mortgage
We are now approved to originate mortgages with Franklin America for conventional and FHA. Our broker ID is 46199-0000. Please contact our Account Exec for more information
Lamont Floyd- 904-859-0845
Lamont Floyd- 904-859-0845
Advancial Mortgage- New Lender
I wanted to let you know that Innovative is now an Approved broker with Advancial Federal Credit Union. I look forward to working with Innovative and please give me a call or email with any questions that you may have
Thanks
Patrick
Patrick Creek ADVANCIAL MORTGAGE
Sr. Account Executive
972.201.1640 214.880.9549 fax
Thanks
Patrick
Patrick Creek ADVANCIAL MORTGAGE
Sr. Account Executive
972.201.1640 214.880.9549 fax
Thursday, March 11, 2010
Corporate Address Change
There are very specific instructions in this email so I implore you to thoroughly and completely read this email in its entirety. Email me back in the event you have any questions. I am pleased to announce that Innovative Mortgage Services, Inc. has relocated to a new corporate address. Our new location is:
17717 Hunting Bow Circle,
Unit 101
Lutz, Florida 33558
Although Innovative Mortgage does not require that business cards supply the corporate address, you may continue to utilize the full supply of your cards in the event that they do have the 1430 Flores Court location listed. Please remember that business cards may not supply ANY address other than the corporate location. Going forward, for all new business cards and stationery, please utilize 17717 Hunting Bow Circle location if you do wish to identify a specific address location. As usual, you may omit the address completely if you prefer or state “serving the great State of Florida” or something similar referencing a general area.
All new applications immediately going forward must supply the 17717 Hunting Bow Circle, Unit 101 address and only this address on ALL disclosures. Be sure to update Calyx/Point defaults accordingly to reflect this new address.
This new address takes effect immediately. BUT, and here is where you really need to pay attention, closed loan files and title checks/packages must continue to be mailed/delivered to:
1430 Flores Court
Trinity, FL 34655
Additionally, our corporate phone of 727-372-8059 and fax of 727-489-9504 will remain unchanged.
So, to sum up, use the new address for disclosures and stationery. But, continue to use the old address for package and check delivery. Packages or checks inadvertently delivered to the Hunting Bow Circle address will be forwarded to the 1430 Flores Court mailing address, but will experience delays in compliance/quality control review and commission approval. Therefore please advise contract processors and title agents accordingly.
As a final note, the 17717 Hunting Bow Circle, Unit 101 location is licensed with HUD and the State of Florida OFR. This location will be open typically from 9am-5pm but I suggest contacting the office at (813) 920-8500 if you wish to confirm availability. I am confident that those utilizing the facility will not abuse any privileges and will leave it as they found it.
17717 Hunting Bow Circle,
Unit 101
Lutz, Florida 33558
Although Innovative Mortgage does not require that business cards supply the corporate address, you may continue to utilize the full supply of your cards in the event that they do have the 1430 Flores Court location listed. Please remember that business cards may not supply ANY address other than the corporate location. Going forward, for all new business cards and stationery, please utilize 17717 Hunting Bow Circle location if you do wish to identify a specific address location. As usual, you may omit the address completely if you prefer or state “serving the great State of Florida” or something similar referencing a general area.
All new applications immediately going forward must supply the 17717 Hunting Bow Circle, Unit 101 address and only this address on ALL disclosures. Be sure to update Calyx/Point defaults accordingly to reflect this new address.
This new address takes effect immediately. BUT, and here is where you really need to pay attention, closed loan files and title checks/packages must continue to be mailed/delivered to:
1430 Flores Court
Trinity, FL 34655
Additionally, our corporate phone of 727-372-8059 and fax of 727-489-9504 will remain unchanged.
So, to sum up, use the new address for disclosures and stationery. But, continue to use the old address for package and check delivery. Packages or checks inadvertently delivered to the Hunting Bow Circle address will be forwarded to the 1430 Flores Court mailing address, but will experience delays in compliance/quality control review and commission approval. Therefore please advise contract processors and title agents accordingly.
As a final note, the 17717 Hunting Bow Circle, Unit 101 location is licensed with HUD and the State of Florida OFR. This location will be open typically from 9am-5pm but I suggest contacting the office at (813) 920-8500 if you wish to confirm availability. I am confident that those utilizing the facility will not abuse any privileges and will leave it as they found it.
Friday, March 5, 2010
New Lender- Gateway Mortgage
Please visit www.JerryLair.com periodically for important Gateway Updates.
Don’t forget to use DE Underwriter Connect for your new loan scenarios and questions!Gateway Mortgage Group is pleased to inform you that you have been added to our list of approved broker partners.
You are immediately eligible to submit loans for underwriting and funding in accordance with our program guidelines.
Gateway Mortgage Group appreciates your business, and we look forward to the opportunity to serve your lending needs.
Should you have any questions, please contact your local Business Development Manager, Jerry Lair (jlair@gatewayloan.com)
As an approved broker, you will now have access to GMOS, the Gateway Mortgage Origination System, where you can pull/reissue, price and DU your loan files prior to submission. This system will also give you the ability to lock and follow your files in process!
Don’t forget to use the scenario pricer option and look under quick links then contact us for a complete roster of your support staff!
And be sure to view our basic GMOS tutorial video right away!
Don’t forget to use DE Underwriter Connect for your new loan scenarios and questions!Gateway Mortgage Group is pleased to inform you that you have been added to our list of approved broker partners.
You are immediately eligible to submit loans for underwriting and funding in accordance with our program guidelines.
Gateway Mortgage Group appreciates your business, and we look forward to the opportunity to serve your lending needs.
Should you have any questions, please contact your local Business Development Manager, Jerry Lair (jlair@gatewayloan.com)
As an approved broker, you will now have access to GMOS, the Gateway Mortgage Origination System, where you can pull/reissue, price and DU your loan files prior to submission. This system will also give you the ability to lock and follow your files in process!
Don’t forget to use the scenario pricer option and look under quick links then contact us for a complete roster of your support staff!
And be sure to view our basic GMOS tutorial video right away!
Tuesday, March 2, 2010
FHA Rule Change
We have just learned that FHA has made a change to their identity of interest rule.
If a borrower lives in a house and then decides they want to purchase it and executes the purchase contract after they have already moved into the home, this would be an identity of interest transaction and the borrower would be required to occupy the home for 6 months before the purchase contract can be executed or the LTV would be limited to 85%. Essentially, the buyer/seller would need to execute a new contract after the 6 months occupancy period to allow for maximum financing.
If a buyer and seller execute a contract and then after that contract date, the buyer moves into the property being purchased, the 6 months of occupancy is not required in order to allow maximum financing.
If a borrower lives in a house and then decides they want to purchase it and executes the purchase contract after they have already moved into the home, this would be an identity of interest transaction and the borrower would be required to occupy the home for 6 months before the purchase contract can be executed or the LTV would be limited to 85%. Essentially, the buyer/seller would need to execute a new contract after the 6 months occupancy period to allow for maximum financing.
If a buyer and seller execute a contract and then after that contract date, the buyer moves into the property being purchased, the 6 months of occupancy is not required in order to allow maximum financing.
NEW LENDER- FPF Wholesale
We are now approved to do Conventional, USDA, and FHA loans with FPF Wholesale. Please contact our account executive for more information
Lisa E Kimball
Account Executive
FPF Wholesale
Email : lkimball@fpfwholesale.com
direct # 813.650.3041
Lisa E Kimball
Account Executive
FPF Wholesale
Email : lkimball@fpfwholesale.com
direct # 813.650.3041
Tuesday, February 23, 2010
NEW USDA LENDER
Your office has been approved to conduct business with Neighborhood Funding, Inc as of Feb. 23rd, 2010. We can assist your office with all of your USDA Rural Development loans. The goal of the team at NFI is to see your loans close quickly and efficiently. The policies and procedures in place ensure that your goals are reached.
Among the many responsibilities of an Account Executive is to price and expedite the processing of your loans. We set up your files for underwriting, and facilitate communication between you, affiliated business partners, and underwriting.
To get pricing Call (813) 935-1800 ask for, Adam Long.
To get a preliminary qualification, fax your 1003, credit report, scenario letter, and letters of credit explanation to 813-931-2390, or send digital copies through our secure FTP Server or through “Password Protected” email. Call (813) 935-1800 ask for Carl for FTP set up. Please be sure to email our submission form as well as the FNMA 3.2 file with all loan submissions.
Full files ready to be underwritten may be sent through our FTP Server or “Password Protected” email.
Neighborhood Funding, Inc
8910 North Dale Mabry Hwy #18
Tampa, Florida 33614
If you have any questions, please feel free to call me at 813-935-1800. Thank you for giving Neighborhood Funding, Inc the opportunity to provide great service.
Among the many responsibilities of an Account Executive is to price and expedite the processing of your loans. We set up your files for underwriting, and facilitate communication between you, affiliated business partners, and underwriting.
To get pricing Call (813) 935-1800 ask for, Adam Long.
To get a preliminary qualification, fax your 1003, credit report, scenario letter, and letters of credit explanation to 813-931-2390, or send digital copies through our secure FTP Server or through “Password Protected” email. Call (813) 935-1800 ask for Carl for FTP set up. Please be sure to email our submission form as well as the FNMA 3.2 file with all loan submissions.
Full files ready to be underwritten may be sent through our FTP Server or “Password Protected” email.
Neighborhood Funding, Inc
8910 North Dale Mabry Hwy #18
Tampa, Florida 33614
If you have any questions, please feel free to call me at 813-935-1800. Thank you for giving Neighborhood Funding, Inc the opportunity to provide great service.
Wednesday, February 10, 2010
Bank of America- RESPA rules- see call in number
RESPA / Regulation X - Changed Circumstances & Fee TolerancesBroker Knowledge Sessions are designed to help our broker clients learn best practices when working with Bank of America Home Loans Wholesale Lending. Please join us for a live presentation on the following key changes under RESPA / Regulation X:
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Defining a Changed Circumstance
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Internally vs. Externally Discovered Changed Circumstances
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Reporting a Changed Circumstance
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Processing a Changed Circumstance
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Fee Tolerances
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Scenarios: Processing a Changed Circumstance
Please Note: This call, excluding the question and answer session, will be recorded. To listen to the call recording, dial 800.642.1687 and enter the conference ID# 514 834 55. This playback will be available until 02/26/10.
*
Defining a Changed Circumstance
*
Internally vs. Externally Discovered Changed Circumstances
*
Reporting a Changed Circumstance
*
Processing a Changed Circumstance
*
Fee Tolerances
*
Scenarios: Processing a Changed Circumstance
Please Note: This call, excluding the question and answer session, will be recorded. To listen to the call recording, dial 800.642.1687 and enter the conference ID# 514 834 55. This playback will be available until 02/26/10.
Monday, January 25, 2010
FHA increase in MIP!!
Effective for FHA loans for which the case number is assigned on or after April 5, 2010, FHA will collect an upfront mortgage insurance premium of 2.25 percent. This policy change will increase premiums for purchase money and refinance transactions, including FHA-to-FHA credit-qualifying and non-credit qualifying streamlined refinance transactions.
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