PlainsCapital Bank National Warehouse Lending’s Post

Interesting Article in INSIDE MORTGAGE FINANCE To my Loan Officer friends and colleagues at smaller lenders... We are hiring. Call me for a confidential conversation. ******* Some Uncertainty on Warehouse Financing for Nonbanks pmuolo@imfpubs.com Flagstar Bank was the second-largest provider of warehouse financing to nonbanks prior to the sale of its outstanding warehouse loans to JPMorgan Chase about a month ago.  Chase was already the largest warehouse provider prior to the acquisition, with an estimated $20.00 billion in warehouse commitments outstanding as of the end of March. Flagstar, meanwhile, had $10.91 billion of outstanding warehouse commitments at the end of March.  The big question, according to some of JPM’s warehouse competitors, is how many of Flagstar’s customers will stay with the megabank. Although JPM never discusses its mortgage banker finance unit, it’s common knowledge in the industry that the bank deals with only the cream of the nonbank crop and has a minimum capital requirement of $10 million.  Flagstar was a bit more liberal in the collateral that it would tolerate, allowing for sub-limits for non-qualified mortgages and seconds. Will JPM do the same?  For more details, see the latest issue of Inside Mortgage Finance. https://lnkd.in/e4QzUMW5

As part of our ongoing partnership with FutureWave Finance, we are proud to launch the Market Analytics & Price Indications (MAPI) for Residential Mortgage Markets. FutureWave Finance is the only minority-owned correspondent lender, headed by 30-year mortgage market veteran Steve Thomas. The firm has built a large suite of mortgage products, including jumbo loans, CRA/CDFI loans, non-QM loans, conventional loans, etc., to purchase from banks, credit unions, and other mortgage loan sellers. FutureWave and THE Thomas Ho Company will now offer daily price indications across this broad range of Residential products to the customer base. A few Firsts associated with this initiative: •A daily metric of primary-secondary spreads- in price terms- to indicate the estimated value of selling loans •Loan sale balance sheet management analytical support •In addition to price, we have a unique new program where our loan sellers will exclusively receive ongoing interest-only income for Non-QM products sold Benefits: Price Transparency, Efficient Execution, Bespoke Products Call us today to learn more about how the Thomas Ho Company FutureWave Finance partnership can help you proactively manage results. Let us know if you would like to receive our Market Analytics and Price Indications. Thomas Ho Company is a leading financial engineering company and ALM Solutions provider. With growing regulatory demands and challenging times, we focus on providing banks and credit unions with the most cost-effective, in-depth, and accurate solution possible.

As part of our ongoing partnership with FutureWave Finance, we are proud to launch the Market Analytics & Price Indications (MAPI) for Residential Mortgage Markets. FutureWave Finance is the only minority-owned correspondent lender, headed by 30-year mortgage market veteran Steve Thomas. The firm has built a large suite of mortgage products, including jumbo loans, CRA/CDFI loans, non-QM loans, conventional loans, etc., to purchase from banks, credit unions, and other mortgage loan sellers. FutureWave and THE Thomas Ho Company will now offer daily price indications across this broad range of Residential products to the customer base. A few Firsts associated with this initiative: •A daily metric of primary-secondary spreads- in price terms- to indicate the estimated value of selling loans •Loan sale balance sheet management analytical support •In addition to price, we have a unique new program where our loan sellers will exclusively receive ongoing interest-only income for Non-QM products sold Benefits: Price Transparency, Efficient Execution, Bespoke Products Call us today to learn more about how the Thomas Ho Company FutureWave Finance partnership can help you proactively manage results. Let us know if you would like to receive our Market Analytics and Price Indications. Thomas Ho Company is a leading financial engineering company and ALM Solutions provider. With growing regulatory demands and challenging times, we focus on providing banks and credit unions with the most cost-effective, in-depth, and accurate solution possible.

Traditional Retail and Wholesale lenders haven't addressed loan quality before submission for 30 years, with a 53% average closure rate. LANIS TIER|ONE users achieve 95% or better. Identify the issue: Pull-through equals’ profit. Avoid futile loans. Solution: Streamline operations, boost margins with next-gen tech. Implement: Train loan officers for cleaner, closing loans. Efficiency saves time and money. Operational complexities drain resources daily. Addressing them revolutionizes the industry. LANIS TIER|ONE offers cloud-based mortgage solutions. All three features are crucial for improved loan pull-through. LANIS TIER|ONE is the Cloud-Based Most Efficient Mortgage Prequalification, Presentation, and Compliance software for Lenders, Loan Officers and Mortgage Brokers / Bankers. All Three Features must be in your software tool to improve Loan Pull-through. To schedule a 15 minute Executive Overview of the software, click or copy and paste this link: https://lnkd.in/gy2QyYAR. www.golanis.com  805-498-4843 sales@golanis.com

Mortgage Executives, Managers and Loan Officers: Loan Quality at submission is the key to Cutting Costs and Increasing Profits. Less touches per file is Operational Profits. Submitting loans that will close is Operational profits. Loan offices spending more time on referral partners is more volume and Profits. BUT only if the loan officer and borrower have a through Interview Process. Loan officers need more training and better tools to work with to increase profits for everyone. Cutting Origination Cost is the change we need to survive and thrive. Every loan is important and LANIS TIER|ONE greatly enhances the Interview, Presentation and Compliance issues draining your profits. Clean loans are simply more profitable to do. Take a deeper look and make the change to Profits! LANIS TIER|ONE is the Cloud-Based Most Efficient Mortgage Prequalification, Presentation, and Compliance software for Loan Officers and Mortgage Brokers / Bankers. Win your Borrowers Trust with the Right Software! sales@golanis.com www.golanis.com  805-498-4843 #loans #mortgagesoftware #compliance  #software #efficiency #mortgagebrokers

Diversity of lending solutions adds value

Mortgage Executives, Managers and Loan Officers: Loan Quality at submission is the key to Cutting Costs and Increasing Profits. Less touches per file is Operational Profits. Submitting loans that will close is Operational profits. Loan offices spending more time on referral partners is more volume and Profits. BUT only if the loan officer and borrower have a through Interview Process. Loan officers need more training and better tools to work with to increase profits for everyone. Cutting Origination Cost is the change we need to survive and thrive. Every loan is important and LANIS TIER|ONE greatly enhances the Interview, Presentation and Compliance issues draining your profits. Clean loans are simply more profitable to do. Take a deeper look and make the change to Profits! LANIS TIER|ONE is the Cloud-Based Most Efficient Mortgage Prequalification, Presentation, and Compliance software for Loan Officers and Mortgage Brokers / Bankers. Win your Borrowers Trust with the Right Software! sales@golanis.com www.golanis.com  805-498-4843 #loans #mortgagesoftware #compliance  #software #efficiency

Mobile Loan Signing Agents are trained professionals who specialize in facilitating the signing of loan and mortgage documentation. They provide their expertise to title companies, escrow agents, and even the general public. The benefits of hiring Mobile Loan Signing Agents are numerous. Firstly, they offer convenience by meeting clients at their preferred location, whether it be their home or office. This eliminates the need for clients to travel to banks or other financial institutions. Secondly, Mobile Loan Signing Agents have extensive knowledge about loan and mortgage documentation. They ensure that all necessary forms are completed accurately, reducing the risk of errors and delays. Lastly, Mobile Loan Signing Agents provide an additional layer of security as they are trained to detect and prevent fraudulent activities during the signing process. To summarize, Mobile Loan Signing Agents are essential for anyone involved with loans or mortgages. Their convenience, expertise, and security measures make them an invaluable resource. If interested, feel free to reach out to us to learn more about how our mobile notarization service can benefit your business or personal needs. #ztoanotaryservices #ztoanotaryservicesinc #notarypublic #mobilenotary #nsa #floridanotary #madewithpredisai

In one of the chapters of a book "Same as Ever" says 'people don't want accuracy, they want certainty'. We can relate this very much in a private lending solution. For those who've done a fair number of private lending deals, we know how important it is to have the lender with a firm certainty in delivering exactly what's on your "Letter of offer" to your clients. Well this may not be a thing of concern in traditional bank lending for a lender overpromising but unable to settle or fund a loan, but it is an everyday story in the private lending space. Fortunately the private lending space is growing and emerging to be a strong alternative to a lot of clients, the industry is setting itself a higher benchmark everyday. There are a few basic and easy things to check off your list when engaging a private lender that can deliver certainty. The Internet is one of the best sources of information verification. Search their website, physician address, real names and team photos, online reviews, AFCA memberships, industry associations membership or even aggregators partnerships. That's also why a mortgage broker plays a critical role, because you have access to peer reviews and/or first hand experience dealing with lenders in the market that tell you who are the reliable partners that wouldn't undermine your reputation as the go-to broker. Mortgage brokers add value by helping clients to navigate traps and pitfalls in the market, such as avoiding 'casual lenders' that grab upfront fees but missing in action when it comes to delivering the fund or promising a too-good-to-be-true fees and rate but always have a just-before-settlement change of mind. N1 offers real flexibility in private lending. Reach out to our friendly team and speaks directly to decision makers. We control and lend our own fund and we don't have restrictive policy. N1H currently manages about $155mil and funding sits in our account ready for immediate deployment. N1H, as a direct lender, aims to uphold elevated standards in private lending through ethical practices, diligent governance, and a commitment to strong compliance. Have a scenario? Please reach out to wendyzhang@n1holdings.com.au

Mortgage Executives, Managers and Loan Officers: Loan Quality AT submission is the key to Cutting Costs and Increasing Profits. Why? Every loan is important these days and they must close because it’s profit and cash flow. Just because business is slow it doesn’t mean the industry average submit to close ratio of 53% is going to improve! Cleaner Loan Submissions mean Less Touches per file and less costs to do and close the loan. Where does it start, at the Initial Interview NOT during the Underwriting and conditions phase of loan production! What would a 10% to 20% improvement do to your Bottom Line? Don’t waste Time and Money, make the Pivot and choose Loan Quality. LANIS TIER|ONE is the Cloud-Based Most Efficient Mortgage Prequalification, Presentation, and Compliance software for Loan Officers and Mortgage Brokers / Bankers. It Fixes the problem with loan quality. For a 15 Minute Executive overview schedule your time with this link: https://lnkd.in/gy2QyYAR Win your Borrowers Trust with the Right Software! sales@golanis.com www.golanis.com  805-498-4843 #loans #mortgagesoftware #compliance  #software #mortgagebrokers