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.
Kraninger informed Rounds that based on the ANPR input, the CFPB “has decided to propose an amendment to the Rule which would move away from DTI and instead include an alternative, such as a pricing threshold (i.e., the different between the loan’s annual percentage rate (APR) and the average prime offer rate (APOR) for a comparable transaction). The proposed alternative would be intended to better ensure that responsible, affordable mortgage credit remains available to consumer in a manner consistent with the purposes of Sections 129B and C of the Truth-in-Lending Act (TILA) and to facilitate compliance with those sections.” KEEP READING
Winterize Your Business with Non-Agency: Protect Your Production by Adding Portfolio to Your Product Arsenal
While the summer months were filled with low rates and refinance loans, we all know the cyclical nature of the mortgage market.
Getting familiar with Caliber Home Loans, Inc.’s suite of Non-Agency products is a great way to protect your production from these inevitable ebbs and flows. These loans extended the dream of homeownership to more people by recognizing that not everyone’s story fits into agency guidelines.
Join Ian Baker, Caliber Portfolio Lending Product Specialist, as he dives into the latest on Non-Agency lending. Through this instant webinar you will learn:
▪ What a Non-Agency borrower looks like (Hint: it’s probably not what you think!) ▪ Why responsible non-agency lending is so important ▪ How you can gain more referral partners by expanding your product knowledge
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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