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2. personal finance
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« Matrix: Prime Niches »
Post your loan: ScotsmanGuide.com/LoanPost
Search matrix: ScotsmanGuide.com/PrimeNiches
PROPERTY-RELATED ITEMS
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360 Mortgage Group LLC
888-410-3522
www.bofifederalbank.com
NATIONWIDE
CBC National Bank
U
Y
Y
Y
Y
Y
17 $
18
19
20
22
23
24
25
50K
Y
Y
Y
Y
26
27
28
29
Y
Y
Y
60
Y
Y
Y
60
30
31
32
33
34
Y
0
Y
Y
Y
Y
Y
Y
Y
Y
300K
Y
Y
Y
90
Y
Y
Y
Asset-depletion underwriting for income qualification. Pledged-asset and Foreign Nationals program.
Non-warrantable condos, co-op lending, unique property types.
Y
Y
50K
Y
Y
Y
NATIONWIDE except: AZ NV
Y
Y
60
Y
Visit www.CBConnex.com to partner with us.
Y
Y
Y
100K
Y
Y
Y
Y
Y
Y
60
Y
60K
NATIONWIDE except: MA NE
iApprove Lending
5
Y
Y
300K
CA CO FL GA OR TX
Y
Y
Y
Y
Y
Y
Y
Y
60
Y
Y
Y
45
dISPlay
NATIONWIDE except: AK HI ID MA MO MS MT ND NE NH NY SD WV WY
FHA flips; no seasoning on FHA short sales; NOO Streamlines; no appraisal IRRRL;
DU/LP refi plus, fully delegated jumbo up to $2M. Competitive rates and quick turn times. For 24-hour broker approval, e-mail cvfinfo@clearfundings.com.
855-729-2883
www.homebridgewholesale.com
Y
Y
Stated-income minimum loan amount $417,001; 12-month bank statements; foreign nationals.
dISPlay
Y
dISPlay
Y
Impac Mortgage Corp.
JMAC Lending Inc.
10
949-390-2688
www.jmaclending.com
AZ CA CO GA OR TN TX UT VA WA
Mortgage Assurance Inc.
10
770-238-1565 x112
www.maibroker.com
AL CO CT FL GA IL KY MD ME MN NC NH PA SC TN VA WA
Mortgage Solutions Financial
U
866-852-8563
www.msfhome.com/wholesale-lending
AK AZ DC DE HI MA ME MN MS MT ND NH NV NY SD VA VT
New American Funding
20
35K
Y
Y
Y
Y
Y
60
NATIONWIDE except: DE HI MA ME MO MT NH NJ NM NY PA RI VT WY
Impac Mortgage Corp. Wholesale team lends in 40 states with competitive pricing,
no overlays, a vast product array including conventional, fixed, ARMs, FHA/VA/USDA and jumbo up to $3 million. Visit www.ImpacWholesale.com for info.
Y
Y
Y
75K
Y
Y
Y
Y
Y
Y
Y
45
Check out our Jumbo up to 89.9% LTV with no MI. And see our Imperial that allows one year seasoning for foreclosures, short
sales and bankruptcies, in our Prime First matrix.
Y
Y
Y
Y
Y
Y
50K
Y
Y
Y
60
Y
Y
Check out our website at www.MAIbroker.com for program guidelines.
Please contact Kevin J. Green with any questions. Kevin@MAIbroker.com
Y
25K
Y
Y
Y
Y
Y
60
Y
Y
We offer manufactured-home and rural-housing programs.
Go to www.msfhome.com/wholesale-lending for more info.
Y
Y
50K
Y
Y
Y
Y
Y
Y
60
Y
NATIONWIDE except: AK AL AR DC DE HI LA ME MS ND NH NY RI SD WY
Check our website at www.newamericanwholesale.com to see our wide spectrum of
products, which includes conforming, FHA/VA, HomePath, DU RefiPlus, Open Access, 5-10 financed properties as well as LPMI. Contact us at wholesale@nafinc.com.
Y
dISPlay
Y
New Penn Financial LLC
866-886-9285
www.GoNewPenn.com
NATIONWIDE except: AK HI MA
dISPlay
877-999-0799
www.newamericanwholesale.com
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Nationwide wholesale, table funding, correspondent, correspondent delegated, flow or bulk. We underwrite or you can - same price.
No junk fees such as underwriting fees or commitment fees regardless of loan type or channel.
Y
HomeBridge Wholesale
888-896-7606
www.impacwholesale.com
15
dISPlay
Y
U
ClearVision Funding
dISPlay
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14
dISPlay
Y
BofI Federal Bank
714-775-5353
www.iapprovelending.com
13
NATIONWIDE except: AK CT HI MA MT ND NH NJ NY RI SD VT
NATIONWIDE
800-222-0042
www.clearvisionfunding.com
12
Y
866-656-9728
www.afrwholesale.com
888-486-4304
www.cbconnex.com
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Bridge loans
Freddie Mac: Loan Prospector (LP)
Freddie Mac: Affordable Gold
Fannie Mae: Desktop Originator (DO)
Fannie Mae: MyCommunityMortgage
Fannie Mae: Desktop Underwriter (DU)
Govt.: FHA Direct Endorsement
Govt.: VA
Lock: Longest lock available (number of days)
Lock without property address
Pledged asset option
Reverse mortgages
Tenants-in-common (TIC)
Rural property/part-time farm
dISPlay
American Financial
Resources Inc.
10
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22
23
24
25
26
27
28
29
30
31
32
33
34
dISPlay
dISPlay
dISPlay
866-418-2997
www.360mtg.com
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13 Aliens/foreign nationals: No green
card, second home
14 Aliens/foreign nationals: No green card,
investment property loans are available
15 Builders, Realtors, developers:
No-income verifier loans available
16 Corps., trusts, partnerships and LLCs
17 Minimum loan amount
18 Non-owner: More than 10 financed properties allowed regardless of loan amount
19 Ratio: Combined ratios are allowed
with non-occupant co-borrower
20 Remodel: Conventional at afterremodel value
NYCB Mortgage Company LLC |
New York Community Bank
U
888-321-6446
www.nycbmortgage.com
NATIONWIDE
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3
Y
Y
Y
Y
60
National mortgage banker specializing in non-agency loans. $100K to $2M. True portfolio programs. We service all loans.
Visit GoNewPenn.com to sign up.
Y
2
100K
Y
Y
0
Y
Y
Y
60
Y
We are national leaders in wholesale and correspondent solutions. To learn how you can win while leveraging the benefits of our model,
e-mail potentialclient@mynycb.com.
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Scotsman Guide makes every attempt to ensure the quality of matrix and directory information, which all listed lenders verify or update monthly. Because of the production cycle and dynamic nature of the industry, loan product
terms and availability may not reflect the latest changes. Please contact lenders directly for the most-recent program details. If you believe data is inaccurate or misrepresented, please e-mail: matrixfeedback@scotsmanguide.com. Continued >>
Tell lenders you found them in Scotsman Guide
Scotsman Guide Residential Edition | ScotsmanGuide.com | November 2014
65
dISPlay
COMPANY NAME
Acreage: Max # acres on res. property (U=Unlimited)
Condo: Non-Fannie Mae/Freddie Mac warrantable
Condo: With only 2-3 units
Condotels at resort destinations
Co-ops
Dome homes
Land: Purchase of subdivided lot
Land: Purchase of undeveloped raw land
Log homes
Manufactured home (post-1976)
Second dwelling on single tax lot
Zoning: Non-owner <5 units: Zoned other than residential
PROGRAMS AND OPTIONS
dISPlay
This matrix should be used
to find general program
information/product types,
unusual property or loan
characteristics. Please consult
the Prime 1st Mortgages matrix
for detailed program criteria.
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MISCELLANEOUS
« Matrix: Prime Niches »
Post your loan: ScotsmanGuide.com/LoanPost
Search matrix: ScotsmanGuide.com/PrimeNiches
<< Continued
21
COMPANY NAME
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PRMG - Paramount Residential
Mortgage Group
40
951-278-0000
www.prmg.net
NATIONWIDE except: AK AL FL GA HI KY LA MS NJ NY OH UT VA WV
PRMG is a national leading lender! "Built by Originators for Originators." We deliver big on
jumbo purchase, agency conforming/high balance, and conventional loan products with a high focus on providing the best pricing and service!
Rushmore Home Loans
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Stearns Lending LLC
888-202-0878
www.rushmorehl.com
800-350-5363
www.stearnswholesale.com
USA Direct Funding
888-697-3860
www.usadirectfunding.com
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Y
9
10
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14
15
16
Y
NATIONWIDE except: AK MA MO
17 $
18
30K
Y
U
12
Y
19
20
Y
Y
22
23
24
25
Y
75K
Y
Y
26
27
28
29
Y
Y
Y
180
Y
Y
Y
30
31
32
60
33
34
Y
Rushmore Home Loans focuses on building a wholesale-lending entity with the best service levels and customer experiences in the
industry, supported by competitive pricing and products. Submit. Achieve. Grow.
Y
50K
Y
Y
Y
Y
Y
Y
60
Y
NATIONWIDE except: NY
LTV > 80% subject to MI guidelines; jumbo product available - contact ROC for details. FNMA HomePath; LPMI to 95% LTV, 680 FICO,
conforming fixed; HARP; FHA Back to Work. No AVM on FHA Streamline OR IRRRL
20
Y
Y
CA ID OR WA
Y
Y
60K
Y
Y
Y
Y
Y
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1-day off the market, USDA, jumbo, Homepath; much more. Ask about our Mortgage Assurance Program at no cost to you or your borrowers!
Locally owned and operated.
Tell lenders you found them in Scotsman Guide
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Scotsman Guide makes every attempt to ensure the quality of matrix and directory information, which all listed lenders verify or update monthly. Because of the production cycle and dynamic nature of the industry, loan product
terms and availability may not reflect the latest changes. Please contact lenders directly for the most-recent program details. If you believe data is inaccurate or misrepresented, please e-mail: matrixfeedback@scotsmanguide.com.
Scotsman Guide Residential Edition | ScotsmanGuide.com | November 2014
67
dISPlay
13
Bridge loans
Freddie Mac: Loan Prospector (LP)
Freddie Mac: Affordable Gold
Fannie Mae: Desktop Originator (DO)
Fannie Mae: MyCommunityMortgage
Fannie Mae: Desktop Underwriter (DU)
Govt.: FHA Direct Endorsement
Govt.: VA
Lock: Longest lock available (number of days)
Lock without property address
Pledged asset option
Reverse mortgages
Tenants-in-common (TIC)
Rural property/part-time farm
dISPlay
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27
28
29
30
31
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dISPlay
13 Aliens/foreign nationals: No green
card, second home
14 Aliens/foreign nationals: No green card,
investment property loans are available
15 Builders, Realtors, developers:
No-income verifier loans available
16 Corps., trusts, partnerships and LLCs
17 Minimum loan amount
18 Non-owner: More than 10 financed properties allowed regardless of loan amount
19 Ratio: Combined ratios are allowed
with non-occupant co-borrower
20 Remodel: Conventional at afterremodel value
dISPlay
Acreage: Max # acres on res. property (U=Unlimited)
Condo: Non-Fannie Mae/Freddie Mac warrantable
Condo: With only 2-3 units
Condotels at resort destinations
Co-ops
Dome homes
Land: Purchase of subdivided lot
Land: Purchase of undeveloped raw land
Log homes
Manufactured home (post-1976)
Second dwelling on single tax lot
Zoning: Non-owner <5 units: Zoned other than residential
PROGRAMS AND OPTIONS
dISPlay
This matrix should be used
to find general program
information/product types,
unusual property or loan
characteristics. Please consult
the Prime 1st Mortgages matrix
for detailed program criteria.
1
2
3
4
5
6
7
8
9
10
11
12
MISCELLANEOUS
dISPlay
PROPERTY-RELATED ITEMS