A Wealth of Information and Resource
We are a network of progressive mortgage lending professionals specializing in unconventional mortgage loans and loan officers who have more to offer than conforming "agency product" aka Government-Sponsored Enterprise (GSE): Federal National Mortgage Administration, aka Fannie Mae (FNMA), Federal Home Loan Mortgage Corporation, aka Freddie Mac (FHLMC), Government National Mortgage Association, aka Ginnie Mae (GNMA), Federal Housing Administration (FHA), and Veterans Affairs (VA), government-regulated lending. We are able to work above and beyond the limits of what a conventional lender can provide and the limits of what a conventional loan can accommodate.
Our business model is Business (Broker) to Consumer (borrower/you). As Mortgage Loan Officers i.e., Mortgage Loan Originator, our goal is very simple, to help responsible borrowers obtain the appropriate mortgage credit they deserve. The right approval should properly accommodate your individual needs and preferences.
Our objective is to match borrowers with the appropriate lender and loan program (pricing, terms, conditions, turn times, etc.) in a way that will ensure a smooth, time efficient and hiccup free experience. From pre-qualification without pulling your credit report by a qualified loan officer, to full application, ideal and timely approval, close.
Network: Mortgage brokers, loan officers, wholesale lender account executives, direct lender representatives, correspondent lender support, banks, portfolio lender representatives, Broker Service Representatives, etc. Various mortgage lending institutions including private money. We do work with the top agency lenders, too, particularly the ones who have minimal "guideline over-lays" as well as manual underwrite solutions down to a 520 middle credit score, for example.
Qualified Mortgages "QM" and Non-Qualified Mortgages "Non-QM" such as No Doc Mortgages, Lite Doc Mortgages, Reduced Doc Mortgages, and business purpose mortgage loans. These are cutting-edge, industry-leading lenders and loan products: Prime mortgages, Near Prime mortgages, Non-Prime mortgages, Portfolio Mortgages, Foreign National Mortgages, Investor Mortgages now including a new Bank Statement Loan for Real Estate Investors.
The purpose of our unconventional mortgage loan programs is to accommodate the needs, wants and preferences of a full spectrum of credit profile borrowers. Our client-base is made up of individual borrowers and sometimes complicated loans. Our goal is to provide to you a suitable loan program with all the appropriate features and benefits to meet and satisfy your specific needs criteria with options to help you in all aspects of your new home loan including pricing, terms, and underwriter conditions.
We are serving our borrowers by providing solutions to unique or complex credit profile and business profile borrowers that have challenging "loan scenarios" from across the board. Our solutions include alt doc mortgages, non-conforming, non-agency, high balance portfolio, Asset Depletion, asset distribution, Alt-A, alternative equity financing, investor loans, private equity loans, real estate equity-based lending, security-based lending, Home Equity Lines of Credit HELOC loans, foreclosure bail out loans, hard money mortgages, cross-collateral mortgages, bridge loans, investment property loans, jumbo mortgages, super jumbo mortgages, and various income and employment documentation solutions that do not require two years tax returns and do not require IRS Form 4506-T.
Unconventional Mortgage Lenders
Our Lender network is an ever-evolving, portfolio-based group of lenders and lending institutions:
Wholesale Lenders, Direct Lenders, Correspondent Lenders (agency and non-agency) Delegated and Non-Delegated lenders who offer both Qualified Mortgages and Non-Qualified Mortgages from QM and Non-QM lenders, each with their own core programs and target market segment product line of niche loan programs and in-house underwriting.
The key to our network of unconventional mortgage lenders are the industry professionals who pre-approve, make decisions, and make progressive happen.
These people are the Direct Lender Representatives, Correspondent Lender Representatives, Portfolio Lender Account Executives and wholesale lender Broker Account Executives, in conjunction with loan officer support platform systems for pre-approvals, Automated Underwriter System (AUS) approvals, pricing and portal loan submission and a dedicated Broker Service Representatives (BSR) who support the technology and facilitate the process, as well as Broker Help-Desk support, specifically for Non-QM Loan Scenarios including bank statements for Alt Doc for review and Pre-Underwrite Certification, pricing and rate lock plus community of C-level executives representing a select group of lenders and a committee of loan approval decision-makers in all areas of mortgage lending. All in support of your loan officer to bring you your best mortgage loan.
Alternative Home Loans
We offer alternative real estate financing including solutions to complex loan scenarios, conventional to unconventional and pretty much everything in between. We are about home loan options, lender service resources, diligence, and favorable results.
Alternative real estate financing in large part is about Non-QM mortgage lending which means more loan program availability, in-house underwriting, and fewer approval conditions.
Business Purpose Loans
Can be a type of owner-occupied/primary residence Stated Income loan most used for Cash Out Refinance for the purpose of business expansion, of any kind. Various mortgage lending institutions including private money. Tell us about your business and we will tell you more about our Business Purpose Loans.
Non-Qualified Mortgage Lenders or "non-bank lenders" provide specific home loan underwriter guidelines including Interest-Only loans, 40-year amortization loans, Lite Doc (flexible income), and Reduced Doc (flexible employment history documentation requirements, income documentation requirements as well as methods of employment verification) loan programs. These underwriting guidelines are separate Qualified home loans and Non-Qualified home loans, per the Ability-to-Repay Rule. The Non-QM mortgage lending space derives from the private sector, non-bank lenders, privately held investment companies: "Investors" insurance and hedge fund companies all which are not subject to conforming lender underwriting guidelines or Mortgage-Backed Securities qualifications including a new Bank Statement Loan for Real Estate Investors.
Self-Employed Borrowers and Non-QM
Self-employed borrowers should be given the same opportunity to obtain a good mortgage loan without being required to produce tax returns, profit and loss statements (P&L), etc.
If you are a Self-Employed borrower and you are being told you must provide your tax returns or sign a 4506-T Form, think twice because being self-employed, more times than not, your Adjusted Gross Income does not show enough income to support an acceptable Full Income Documentation (Full Doc) debt-to-income ratio for reasons you already know.
Solutions-Based Mortgage Lending
We understand that every consumer can be different and make it our goal to match you with the lender that meets your specific requirements at the best possible rate, terms, and conditions. We understand that it can sometimes be difficult for a consumer to find the right lending options to fit their individual needs. Not everyone is going to fit in the same box. Mortgage solutions come in all sorts and sizes of "Non-Agency", "Just Missed", "Expanded", "Elite", Qualified Mortgages (QM). We have access to additional "a-paper" lending resources, unconventional loan programs as well as niche loan programs. We offer Non-Agency real estate loans, Non-Prime loans, Non-QM loans, non-conventional home loans, Alt-A loans, private equity loans, hard money mortgage loans, Pledged Asset Lending, private money loans, and Small Business Loans.
Since 2001, we have provided a noteworthy insight into the mortgage broker industry. We feel that our innovative and noteworthy product knowledge and superior lender resource speaks to the quality of service we provide to our borrowers as well as the relationships we have cultivated.
When needed, we look for compensating factors in every area within a borrower's credit profile including credit, income, employment, assets, seasoning, etc. Such as seasoned cash reserves; a low loan-to-value (LTV) ratio; credit depth; payment history; smart utilization of credit card and revolving accounts; employment history (same line of work/profession); disposable income; seasoned homeowner; low debt-to-income (DTI) ratio; residual income; down payment; long-term employment (same profession) seasoned business owner with a history of consistent income/cash-flow to achieve favorable results in the areas of not just getting approved for a mortgage but approved for the right mortgage.
Compensating Factors for More Favorable Approvals, Pricing, Terms, and Conditions:
- Credit History: depth, tradeline seasoning, credit utilization, re-established credit, credit scores
- Income: Consistent cash-flow, residual, pension, dividends, Trust Fund, disposable income, Debt-to-Income Ratio (DTI)
- Employment History: seasoning, advanced degree, business certifications
- Liquid Assets: Seasoned Cash reserves (PITIA) Reserves > 12, 24 or 36 months
- Credit Profile: Over-all seasoning: Credit, employment, retirement account(s) Assets Accounts; liquid and real estate equity positions (portfolio), homeownership, business ownership/industry experience
- Credit Score > 20 points above required minimum credit score
- DTI below guideline maximum by 5% or greater
- Housing Expense and Disposable Income: Reduction in Principal and Interest Housing Payment by 5% or greater
- 10% or greater increase in disposable income
Non-Qualified Mortgages and Alternative Income Documentation
Guideline's; matrices; credit score requirements, the maximum percentage of financing, maximum loan amounts, property types, occupancies, seasoning requirements, liquid reserve requirements, underwriting notes and so forth. After we acquire a new loan program, we post it to this website, select directories and social media websites to inform the consumer market as well as individuals like yourself to know what is currently available in the marketplace in an ever-evolving industry. We do update our information as loan programs come and go and guidelines are always being updated.
We are an information resource like no other. Our unprecedented and unique business model provides an uncommon approach to the mortgage lending industry with our remarkable style of transparency to the uncommon information we provide into the niche broker world of mortgages. We share unique individual loan program guidelines and highlights for some of the most progressive and leading-edge lenders.
It is our priority to make the process of a mortgage loan as simple and quick as possible. We understand that it can sometimes be frustrating for a worthy borrower to find the right mortgage loan to fit their needs. We understand that each consumer can be different and far more than just a credit score; whether it is very high, which is often the case or very low, there are many factors when it comes to qualifying for a mortgage. We feel that the amount of product and resource we have and have worked very hard for is synonymous with the level of service that we provide, day in, day out, file in, file closed. We can take pride in being an authority in this space within the financial community. In the spirit of competition, our overall objective is to inform the consumer and create transparency. BrokerMortgages Blog.
The purpose of our unconventional mortgage loan programs is to accommodate the needs, wants and preferences of a full spectrum of credit profile borrowers. Our client-base is made up of individual borrowers and sometimes complicated loans. Our goal is to provide to you a suitable loan program with all the appropriate features and benefits to meet and satisfy your specific needs criteria with options to help you in all aspects of your new home loan including pricing, terms, and conditions. We serve our borrowers by providing solutions to unique or complex credit profile and business profile borrowers that have challenging "loan scenarios" from across the board.