Correspondent Product Overview

Choose from a wide spectrum of offerings.

We offer a comprehensive range of offerings for your clients.

Innovative Solutions

• 97% loan-to-value (LTV) for conforming purchase or rate term refinance transactions; 100% of down payment and closing costs can be gifted by an acceptable donor (primary and single family homes, excluding high balance loans)
• HELOCS qualified based on existing balance and payment (per credit report)
• Choice of low down payment FHA or conventional conforming loans for existing manufactured homes
• 620 minimum credit score for conforming loans, with Desktop Underwriting (DU) approval eligibility
• 580 FHA Credit Score
• Odd year loan terms from 10-30 years, with annual amortization on conforming loans
• Lock-in periods up to 90 days
• Same-day pricing for product switch
• Delivery of credit and closing file by expiration date with trailing original note
• Construction-To-Permanent (CP) loans using appraised value regardless of the length of time the borrower has been on title.

Notes: Delisted property must be canceled prior to note date. Use original rate sheet for same-day pricing for product switch. For cash-out transaction, the borrower must be on title at least six months.

Competitive Advantages

• Freddie Mac-only product with minimal overlays (reference product guides)
• Fannie Mae product allows up to 10 financed properties when the subject property is a second home or investment property; no maximum if a primary residence
• Quick service with Turn Times available online
• LPMI and ditech PMI with no annual or monthly premiums on closing disclosure
• No maximum DTI on conforming loans with DU approval or LP accept (LP Freddie only)
• Property Inspection Waiver (PIW) permitted on eligible transactions (FNMA only)
• Texas HELOCS and cash-out refinancing
• Conforming ARMs (5/1, 7/1, 10/1) and shorter term fixed-rate
• DU Refi Plus (Non Same Servicer), 150% LTV max unlimited CLTV with 16-30 year amortization
• DU Refi Plus (ditech to ditech) unlimited LTV and CLTV
• Option to use your own Appraisal Management Company (AMC) with our competitive, fixed rate jumbo products.

This information is for mortgage professionals only and is not for distribution to the general public or for use in any solicitation or ad in any manner whatsoever.