ANNOUNCING our new Certified Loan Program for Correspondents! The CLP effectively eliminates underwriting and fraud risk from our seller. See exhibit B of our agreement for details. Very appealing and effectively reduces your potential post closing issues and costs. The program can be chosen loan by loan as an LLPA – for a cost of 10 bps.
At Mortgage Solutions we believe in offering our clients flexibility: in product and delivery channel. Apply for either Delegated (you underwrite) or Non-Delegated (we underwrite) In either case, the loan funds in your name.
Qualifying could not be easier.
- Minimum net worth for delegated authority: $1.0 million
- No minimum net worth for non-delegated customers
- Review on emailed copies of application & agreement – (originals to follow)