When you work with Arc Home, you quickly realize the advantage the SPARC platform provides to you as an originator. Our product and pricing eligibility engine is robust and fast. Registering disclosing and locking is fully automated and eSignature enabled. We bring the ease of originating an agency loan to the Non-QM Products. Our product suite is truly our own. We aren’t just a repackaging another investor’s offering. We own the product and the process which enables us to decision loans quickly and meet the high demand for exceptions.
Product, Process and Price – our appetite for Non-QM volume is reflected in our highly competitive pricing. If you aren’t pricing your Non-QM loans with Arc Home you aren’t offering the best option to your borrowers -it’s that simple.
Whether you are seasoned or new to Non-QM you have a new lender of choice.
Proliferation of Non-QM Propels Sprout Mortgage to Record Year
“Non-QM mortgages are an increasingly vital and growing part of today’s residential finance landscape as consumers, investors and the professionals who serve them demand flexible, customized and readily accessible capital solutions,” said Michael Strauss, Sprout Mortgage president. “I am proud that Sprout has been able to serve its borrowers while maintaining a strong control environment that consistently produces high-quality loans that are rigorously underwritten.“ Learn more about Spout's best month and year ever here.
Citadel Lowers Rates & Expands Their 1-Month Bank Statement Program
Non-QM industry pioneer Citadel Servicing Corporation (“CSC”) has dropped rates by 0.500% (50 basis points) across all product lines and programs. CSC, in drastic fashion, is, once again, outpacing an industry built on competitive pricing and allowing consumers looking to purchase or refinance residential and commercial real estate loans the best rates in this industry segment.
In addition to this exciting news, CSC has made extreme changes to their unique One Month Bank Statement (“OMBS”) program. This innovative program allows borrowers to qualify for loans amounts of
up to $7.5 million by providing their most current month’s bank statement.
CSC is the only organization in the industry to provide such a program. Many of CSC’s competitors offer complicated P&L programs requiring a CPA prepared form and up to 12-months’ worth of bank statements to qualify, but no other organization in this space is able to qualify borrowers using solely their most recent bank statement. Learn more about Citadel here.
Each issue shares the news and views related to the emerging non-QM space. Yes, we feature nmp content, however, we often include links to other publications and resources to help mortgage professionals that are focusing on non-QM or are looking to expand their non-QM practice.
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