Non-QM Mortgage Broker Service
We can have the income figured out $X/Mo) and signed off to the dollar to make sure the numbers fit before jumping through all the hoops of a full application, credit report, prelim docs, etc.
Bank Statement Service
After your Loan Officer reviews the statements, often times, 1 of 2 things will happen, your Loan Officer will either have questions for you regarding the statements; deposits, Income deposits, transfers to get clarity on how you run your business in terms of how you utilize your bank accounts in anticipation of any questions the lender rep (Wholesale Account Executive) will have for the loan officer before Underwriter Submission. To ensure a smooth loan, the lender rep will bring them to the actual underwriter along with a lender specific criterion, Income Worksheet, etc.
Most businesses have more than one business bank account that receive income deposits and one or two personal accounts.
This service is particularly ideal for self-employed people that maintain multiple bank accounts, business and personal for different reasons. Especially when the borrower owns multiple companies. Rentals.., e-business, etc.
We can (broker service) analyze (some lenders 1, 2, 3, 6, 12, and 24 months with personal account bank statements so we have the income figured out and signed off to the dollar to make sure the numbers fit before jumping through all the hoops of a full application, credit report, etc.
We pre-underwrite your bank statements for you before the Underwriter sees them to ensure we get the right Conditional Loan Approval (CLA).
Submit pre-underwritten straight to underwriting along with standard documentation for Initial Submission
If you have Multiple Streams of Income and you process payment, funds/revenue (for whatever reason) differently depending on method of payment.
Available in the Following States:
Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Nevada, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, and Wyoming.