PlainsCapital Bank National Warehouse Lending’s Post

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.

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

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 Jargon: Loan Origination Software (LOS) – LOS is important technology that automates the loan process from application to approval. LOS systems manage loan products, provide insight into each transaction, and help reduce compliance risk.   LOS is best used for the following steps of the process:   -Funding -Pricing -Disbursement or rejection of the mortgage application -Documentation -Underwriting -Credit approval -Loan application

Please ask me about Non-Traditional Lending, if you are stuck with scenarios that you cannot seem to find a home for. In recent years traditional banks have made self-employed borrowers jump through impossible hoops and rings of fire. Please ask me or your preferred mortgage banker about the other non-traditional products available for self-employed borrowers and investors. In many cases it may provide a loan product at a higher LTV, no MI and a very competitive rate. Take a sneak peek at some of the products that are currently available. Alternative income doc programs including, but not limited: 12 and 24 month bank statements, P&L and 1099 programs - 1-4 Family and Condos. NO RATIO qualifying DSCR (Debt Service Coverage Ratio) program for investment properties. 1-4 Family and Condos – LLC available. Foreign Nationals - 1-4 Family and Condos. 5-8 units and 2-8 Mixed used properties - NO RATIO qualifying DSCR program for investment properties. - LLC available. Non-Warrantable Condos Loan amounts as high $4,000,000 Second Mortgages owner occupied/second homes using 12 and 24 month bank statements only - 1-4 Family and Condos Second Mortgages - non-owner occupied – full doc only - 1-4 Family and Condos. We still love and respect the traditional lending banks, but we are here to help those borrowers that can't meet their lending guidelines. Happy Holidays and much success and health in the coming New Year !!

One of the unnoticed and hidden risks of not dealing with mortgage brokers is the borrower has no HUB of information. ℹ️ As someone who has been in the lending industry since 2011 I have had first hand experience working with many intelligent professionals in the industry. Actual two scenarios below. There are many lenders in the market and they exist for different reasons, varying appetite and hence every lender doesn’t have identical pricing and policy. In the space of commercial lending for example, it’s not a commoditised solutions, whereby SME owners, property developers and sophisticated investors can easily navigate the market and go direct to a lender. Yes there may be some large-ticket borrowers who have established relationships with current bank or lender but as market changes the lending landscape changes too, resulting appetite change among banks and lenders. And it’s not unusual to for banks and lenders to have maximum Obligor exposure. Two scenarios could play out, based on our very recent actual experience. Borrower 1: a broker partners brought a deal to us with complete docs and info, because the other lender has changed appetite and the deadline is pressing. We managed to helped the borrower complete the funding need. Albeit hectic due to rushed deadline but at least the whole process starts immediately as relevant docs and info is 99% complete, via the broker partner. Borrower 2: reached out via an accountant, similarly in an urgency mode, once again previous application with a bank was declined, although in the past the same landbank deal would have been easily boxes-ticked and approved. We asked for same docs and info but the applicant found it challenging even with the assistance of the accountant, as communication with previous lender was direct but ad hoc, no centralized or hub for fact finding and dataroom for docs, understandably given the borrower is not expert in lending. Undoubtedly things can delay. The lesson here is don’t overlook the many benefits of relying on a professional who does their job many more times than yourself. N1 Holdings Ltd (ASX:N1H) | Private Lender

📣 Loan Officers 📣 We're glad to have such a great partnership with Newrez LLC. See our testimonial below put on their main website: https://lnkd.in/gBTfneCT They CRUSH on VA Pricing in the correspondent channel! We are a true broker and non-delegated correspondent. There is a big difference between a mini C and a non-delegated correspondent. A mini C is nothing more than a broker with a holdback. They send all of their loans to 1 or 2 lenders. A non-delegated correspondent is much stronger and can truly take advantage of programs and pricing. For example, we have over 18 non-delegated relationships. Different lenders specialize in different programs and some of their pricing structures are amazing. Newrez is crushing on VA loan pricing and our 6 Month ARM program is through another correspondent relationship. The mini c/broker a lot of you are currently working for could never work with NewRez or get the 6-month ARM because they do not have the proper non-delegated structure to originate loans. For example, we must be able to generate disclosure packages and closing docs in our OWN systems! We must pay VA funding fees directly to the Veterans Affairs Department and the list goes on! This is why I say Client Direct Mortgage is the strongest platform in the mortgage broker/non-delegated community. Soon, all of you will learn why so many loan officers are going to find our offerings are so much more valuable than the competitors you're accustomed to knowing. We truly, have it all! 🤯 Check us out at www.cdmrevshare.com

Diversity of lending solutions adds value

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