It allows one year of self-employed income and loan amounts up to $3,000,000 with up to 80 percent LTV and 50 percent DTI. The program eliminates the need for tax returns or W2s and accepts 100 percent gift funds for down payment and closing costs. Quontic Wholesale, a bank with CDFI status, offers unique income validation methods for its owner-occupied and investor Lite Doc programs. This interactive forum provides brokers and originators with the opportunity to share real deals and scenarios. Working with self-employed borrowers? You're probably already utilizing a bank statement program, but have you familiarized yourself with Lite Doc programs? Join us on Wednesday, August 2 at 2:00 pm ET / 10:00 am PT for a DealDesk session focused on Quontic's Lite Doc Program, presented by National Mortgage Professional. Want to create a nimble lending team that produces top borrower experiences and reduces leakage? Click here to download Maxwell’s free eBook, “The Essential Guide to Lending Efficiency.” From eliminating bottlenecks to thoughtfully automating busy work, these actions will transform your lending process and profitability. In this eBook, mortgage solutions provider Maxwell lays out 4 vital steps to maximize efficiency without increasing overhead. That’s why it’s vital to boost your team’s productivity. Today, labor makes up more than 50 percent of the cost to close a loan. NEW EBOOK: The Essential Guide to Lending Efficiency. Explore the perfect loan solutions for your borrower’s unique financial needs! Borrowers enjoy reduced payments for 1, 2, or 3 years, depending on the buydown type. The second is a Temporary buydown programs for FHA, VA, and Conventional purchase loans. Borrowers benefit from lower monthly payments and increased purchasing power, perfect for real estate investors seeking enhanced cash flow. The first is a 40-year loan term option for fixed-rate and fixed-rate Bank Statement Non-QM Loans. Great News! Carrington Wholesale and Correspondent have introduced two game-changing product improvements. Get in touch with Symmetry’s experts to learn more!” Let us help you win and keep more business with our financially conscious HELOC offerings. At Symmetry Lending, our HELOC rates are considerably lower than many credit cards and other HELOC providers, and we’re ready to help your clients make the most out of their money. And they are looking to do so as affordably as possible. “With Summer in full swing, we know that your clients may be looking for the financial flexibility to make improvements around the home, financially prepare their recently graduated senior for college, or even just stabilize their monthly debt payments. Lender and Broker Products, Services, and Software Hear an interview with TD Bank’s Scott Lindner on first time homebuyer programs and advice.) To experience how Richey May can help you transform your mortgage business, visit. (Today’s podcast can be found here and this week’s is sponsored by Richey May, a recognized leader in providing specialized advisory, audit, tax, technology and other services to the mortgage industry for almost four decades. If you want to be “a-mused” while learning something about the mortgage business, subscribe to Levy’s Musings (it’s free and he promises he won’t sell your email address). Brian Levy’s most recent Mortgage Musing covers crowdsourced housing policy, professionalism, conflicts of interest in affiliated business arrangements, and whether doctor body cams are a good idea (spoiler alert: no). I know for a fact that mortgage attorney Brian Levy’s favorite ice cream is the uncommon rum raisin, although his latest piece has no relation to it whatsoever. It is fortuitous that chocolate and ice cream met, as many of the most popular flavors have it. who reminded me that July is National Ice Cream Month with an article on the top flavors. Did you know that Moose Tracks ice cream was named for a miniature golf course in Michigan's Upper Peninsula? Thank you to Carla M. Isn’t ice cream a great food!? In fact, I worked in an ice cream plant in my early 20s. Mortgage Backed Bonds and Securitization.
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