The Pathway to Purchase Loan Program is a Unique Program that few Other Lenders Currently Offer. It’s a Non Traditional Lease to Own Program that Gives the Borrower Ownership from Day One. It is Orignated Using the 30-40 Year FHA Guidelines, So Low 3.5% Down Payment and Less Documentation than your Standard FHA Loan. Best of all, there is no Seasoning on this Program. Contact an Account Executive to Learn More. Click Here For The Program Matrix.
The FHA Fast Trax VOE Program is a Verification of Employment Loan Which Also Follows FHA Guidelines, But Requires Less Documentation and Can Close in as Little as Ten Days. Contact an AE to Learn More, or Click Here To View the Program Matrix.
Frequently Asked Questions
What is the Process For Onboarding?
Our Onboarding Process Starts with an Indepth Conversation Between You and One of Our Account Executives. During that Call, We Will Discuss Our Pricing Model and How You Price Loans, What to Expect and What It Menas to Operate with No Comp Plan. If W Both Agree The Fit is Good, We Will Send You A Contract For Review and Signature, Get Your NMLS Sponsorship Started and Get You Access to Emails, Intranet and LOS.
How Do Your Fees Work?
We have a $995 Processing and $995 Underwriting Fee Which is Passed On To The Borrower, Along with a $595 Administrative Fee. Branches Producing 4 or More Loans a Month Are Not Subject to Our Normal $125.00 Monthly Technology Fee.
How Do I get Paid?
Upon Closing and Funding of Your Loan, It i Submitted to the Inveestor for Purchase. This Process Typically Takes 3-10 Days for an A Paper Loan. Upfront Points and Fees are Withheld For The First 4 Loans. Branches Must Have at Least One or More Active Loans for Purchase in Order to Recieve Upfront Payments.
How Often Do You Make Payments?
We Make Payments Every Friday. Branches that are Actively Closing Loans Are Eligible for a Free Branch Bank Account. All Dispersements are Deposited to the Branch Account or Wired to the Loan Officers Personal Account. A Loan Must Be Purchased By Wednesday to Recieve the Payment by Friday. Loans Purchased After Wednesday Will be Paid Out The Subsequent Friday.
How Do I Get Loan Support?
Our Team and National Account Executive Will provide Support for Internal Operations, Loan Scenarios, Investor Relations and Payroll and any Other Human Resources Related Issues You Might Have. We Will Also Work with You on Any Post Closing and Other Issues to Help You Get Your Loans Sold Faster.
Do You Offer Any Leads or Marketing Tools?
While We Don't Directly Provide Leads or Marketing Tools, We Have Some Agreements for Discounted Solutions and Are Cinstently Looking for Other Options to Keep Our Loan Officers an Branches Competitive and Productive.