Official Wholesale Lender Product List

[Erik]

Wholesalers,

Reply to this thread with your list of niche products so that we can have a single collective location for brokers browsing for a particular program. This topic will stay at the top for a reference. All non-wholesale-product-posts will be deleted! This is a reference thread only - thanks!

You can also try these websites to search for a program to fit your scenario: MyWholesaleLenders.com (FREE!), LenderLab.com ($49.99/mo), LendingArsenal.com ($69.99/mo).

Also APM found a great resource for prime and alt/a Prime Wholesale Lender Search - Scotsman Guide He also found a link for sub-prime Nonprime (Subprime) Wholesale Lender Search - Scotsman Guide - GP

If you still can't find a home for your loan, the magnificent Greg has offered to help you with scenarios in real-time via instant messenger. Try him on any of his messengers as shown in his profile.

You can also try the attached list of lenders below, which reportedly originated at one of our member's companies. (thanks!)

NOTE: AE's, if you want to add your program info here please contact me via email or private message.

[juliediggs]

[b]Homeland Capital

- 100% self employed stated 1st time homebuyers w/ 620 score
- Doublewides 90% w/ 650 score 80% w/ 620 score (full doc) perm. found.
- Full appraised value w/ 6 month seasoning
- 40 Year mortgages
- Appraisal free loans
- Interest only programs
- 100% investment purchase w/ 680 score full doc
- Appraisal free loans


julie.diggs@homelandcap.com

"Let's close loans "

[westworks]

Do you offer 100% LTV on purchase and refi? Yes. We have a number of programs available to meet your various needs.

Do all of your loans have pre-payment penalties? Yes and the borrower has options of no pre-pay or up to 3 year prepay depending on the product.

Can prepays be bought down? Yes, prepays may be bought down in exchange for a higher rate or higher cost.

Are combo programs available? Yes, full doc and stated combo programs are available.

Do you offer bank statement and stated programs? Yes, with LTVs as high as 100%.

Do any of your loans require mortgage insurance? No.

Can you buy out of a Chapter 13 bankruptcy? Yes at 100% LTV with the trustee's approval and discharged at closing.

Are any of your programs credit score driven? Yes, see our list of programs for quick and easy pricing based on credit score and LTV.

Can you guys close fast? Yes, We pride ourselves on service. We close loans fast and do not over condition files.

Call Me and I will be more than happy to go over our products.


Brian Swain
Account Executive
West Works Mortgage
407-738-4634 - Office
407-738-4635 - Fax
www.westworksmtg.com

[SMH Compass]

HELOC's 100% w/580 FICO
80/20 NO DOC w/ 680
Up to 95% No Tradelines
No Tradeline options down to a 500 FICO
95% Non-Perm Resident Aliens (work visas)
95% Stated Non-Owner Occupied
I/O down to 560
Unlimited cashout
Unlimited 60's to 95%
No seasoning cashout to 90%
Stated Income options down to 500 FICO

24 Hour Underwriting on ALL THESE PRODUCTS.
We Close fast!
Backed by large East Coast lender in business for 10+ years.

Shawn Howell
Account Executive
Compass Financial Group
Direct: 443-459-3324
Fax: 443-738-1108
Email: showell@compassfinancialgroup.biz

[IndyMacAE]

 e-MITS® and QuickPricer® - Industry leading automated underwriting and pricing engine – get instant decisions with required conditions up front

 NonPrime 80/20 Combos with Stated Income down to a 620 Decision Credit Score, up to $625,000 with no reserves required (wage earners are allowed with no hit to rate or loan amount)

 Stated Doc Fixed Income, Stated Wage Earners (salaried borrowers) and First Time Homebuyers allowed – no restriction on LTVs or loan amounts

 Interest Only option available on 2/6, 3/6, 5/6 LIBOR programs, and on the 30 year Fixed, with up to 3x30 mortgage/rental lates in past 12 months (all Interest Only loan have a 10 year interest only period)
1. 560 min DCS for Level I++ only, full / limited doc max 90% LTV
2. 580 min DCS for Level I++, I+ and I, full / limited doc max 95% LTV
3. 600 min DCS for Level I++, I+ and I, stated income max 90% LTV
4. Max loan amounts of $1,000,000 (Primary Residence and Second Homes acceptable), max 50% DTI
5. Interest Only payment used for DTI qualification purposes

 Our 40/30 Programs (available on 2, 3 and 5 year ARMs as well as on a fixed rate) are a great alternative to Interest Only loans, available up to 100% LTV and down to a 550 Decision Credit Score for all Doc Types.

 Fully Completed Written VOE can qualify a borrower for a Full Doc loan – no additional pay stubs or W2s required

 IndyMac Credit Reports – good for 120 days!

 Limited Doc – just one year employment history and 12 months bank statements to qualify for both wage earners and self-employed borrowers

 Consumer Credit Counseling Services – disregarded, not considered a BK, no payoff or seasoning of payment history required

 No Reserves Required for loans with LTVs < 95% and loans < $500,000 and Stated Income loans with LTVs < 90%


 Trade line flexibility – only a 12 month history required
1. Minor and alternative minor trade lines with a 12-month payment history, such as utilities and insurance payments, can be used to meet the doc type trade line requirements
2. Trade lines reporting on credit bureau need not be paid as agreed
3. One mortgage trade line open for 12 months satisfies the doc type trade line requirements (does not apply to 12 month VORs)

 Debt consolidation available on Level IV loans (Foreclosure bailouts), up to 70% LTV for Full Doc and up to 55% LTV for Stated Doc loans (no cash in hand allowed)

 Chapter 13 BK Buyout – up to 90% LTV and loan amounts to $750,000

 Investment Properties – LTVs up to 90% and Cash Out available!

 No Payment Shock Rules for all NonPrime loans, including 80/20 combos

 No cap on Rebates for loan amounts over $500,000; rebate allowed on loans with no prepayment penalty

 No VOR, no problem - Borrowers can avoid providing a VOR by meeting alternative trade line and Decision Credit Score requirements

 NonPrime 80/20 Combo Program available for Full, Limited and Stated Doc Borrowers –
1. No reserves required on combined loan balances up to $625,000 for all doc types, including Stated Income 80/20 Combos
2. Interest Only 2/6, 3/6 and 5/6 LIBOR loans available on 1st lien of Combo loans. 30 Year Fixed I/O program also available on 1st lien
3. 40/30 programs also available on 1st lien of Combos
4. Up to 6% interested party contributions allowed towards recurring and nonrecurring closing costs
5. Avoid submitting a VOR by meeting the alternative requirement
6. No payment shock rules on NonPrime 80/20 Combos
7. No need to season funds to close for most combos
8. Combined loan amounts up to $875,000

[Houtan]

Contact:
Houtan Hormozian
Houtan@amguardian.com
Tell: 877 899 5803
Cell: 818 996 8686

100% FINANCING AVAILABLE580 min FICO - Full DOC - Traditional
600 min FICO - Full DOC - Bank Statements
620 min FICO - Stated - Self Employed
640 min FICO - Stated - Wage Earner

No Payment Shock Restrictions

Interest Only to 560 FICO

NO Title - Limited Title Seasoning
A Comanche Program at its Best!
Less than 6 months:On a case-by-case basis
Recent "Comps" must support or provide documented improvements since purchase

Over 6 months:
"No Limit" Cash-Out
No Restrictions

*** Interest Only available to 580 FICO ***
*** 40 year term available to 540 FICO ***
(max 1x30 rolling)

Seller Carry Back Program
(Gulfstream Product)

Min of 560 FICO
Risk Grade A- or Better
Min Seller Carry Back: 20%

Stated or Full DOC
Max LTV on this program is 80%

Max DTI: 50%
Includes Secondary Financing

Seller may contribute 6% toward
Non-Recurring Costs Only

Owner Occupied, Single Family Residence,
Detached PUD and Low Rise Condo Only
Max Loan Amount is $400,000 on 1st TD
Gift Funds allowed toward Closing Costs Only

No Trades Required (Gulfstream Product)
Min of 2 FICO Scores Required
No Payment Shock Restrictions(On Purchases Only)
Interest Only to 560 FICO

Non Prime High Loan Amounts (Comanche Product)
Purchases - 80/20

Full Doc > 640 FICO up to $1,000,000 Loan Amount
Full Doc < 640 FICO up to $875,000 Loan Amount
Stated Doc > 640 FICO up to $875,000 Loan Amount

Refi - Cash Out or Rate Term
Loan Amount to $800,000 - No LTV Restrictions
Available to $1,400,000 - 30% Max LTV Reduction

Bankruptcies! (Comanche Product)

100% Financing Available 1 Day Out of Bankruptcy
Purchase or Refi - No Cash Out Limit
580 FICO - Full Doc
640 FICO - Stated Doc (S/E)
640 FICO - Stated Doc (W-2) Purchase Only
1 Month VOD - Must Include Closing Costs and 2 Months PITI - on Purchase Only

Chapter 13 Buyouts Up to 95% CLTV
Chapter 13 must be paid off on 1 Day Out P{urchases)
Trustee Payment History contributes toward
mortgage rating - Bankruptcy does not
If in reorganization, a trustee letter is required to do Refi

Bankruptcy must be Discharged,
if Dismissed - 6 months of seasoning is required

Houtan Hormozian
Account Execituve
American Guardian Home Loans
Houtan@amguardian.com
Tell: 877 899 5803
Cell: 818 996 8686
Fax: 818 827 1710
http://www.amguardian.com

[SubPrimeMike]

SEND ME THE LOANS YOU CAN’T PLACE!!!


Empire Mortgage is a full service mortgage banker specializing in sub-prime lending. These are just some of our aggressive programs and benefits: RATES ARE FLEXIBLE!!!!!!!!!!!!!

• I want your Super Jumbo Loans…Up to 2.5 Million!!!!
• Interest only up to 100% full doc.
• 100% LTV Full Doc with a 580 fico
• 95% LTV Full Doc with a 560 fico!
• 100% JUMBO to $750K w/600 fico (6 mo. BK seasoning; 45% d/r)
• BK 7- 1Day Seasoning to 95% 620+; 90% 580+; 80% 560+
• 100 LTV w/ 12 to 24 months bank statements is same as full docs
• NO DOC to 95% LTV w/700 score
• “No Fico” to 75% LTV Full Doc and “No Fico” to 70% LTV Stated
• Same day Docs. on full packages

Thanks for your time, if you have anything that’s hard to fund give me a try!!!

Sincerely,
Mike Engelhardt
Account Executive
Call me 888-257-5626 x129 or Email MENGELHARDT@empiremortgagecorp.com

[snowman77]

100% Stated W-2 or Self-Employed to 100%

No Pre-pay programs get up to 2 YSP

1st Page Only Bank Statement Programs (Personal or Business) Considered Full Doc

Consumer Credit Counseling has no effect on credit grade

Loans up to 650k down to a 500 Fico to 90% LTV

Mortgage Only program down to a 500 with no minimum trade

100% LTV on Loan Amounts up to $750k down to a 580

Loan Amounts up to $1.0 million full doc or bank statements with a 620 fico up to 80% LTV.

This is just a small sample of the products that we offer. Let me know if you have questions or loan scenarios that you would like to go over.

Scott Snow
Business Development Manager
Mortgage Lenders Network
888-274-8850 ext. 275
800-783-0346 (fax)
ssnow@mlnusa.com
www.mlnusa.com

[equibanc]

...but some funky stuff too.

In addition to standard subprime, we offer:

• 100% Stated to 600 -- self SE / W2 / FTHB
• 100% Investment @ 680 full doc
• 100% Rural to 5 acres
• No seasoning on BKs -- best rates and LTVs 1-day out
• Me

Contact Info:
Scott Purdie
AE, EquiBanc Mortage
(p) 770-257-1228
(f) 877-349-5947
Email: scott.purdie@equibanc.com

[sub500]

I do Fico's around and below 500
The best way to understand is to go to our website and check out the rate sheet and then we can price it out and I'll get you the best price I can. We are only doing refi's and debt refi's right now, and only in CA. and HI. we will start expanding Feb.of 06

Dwayne Greenfield AE.
Wholesale Rep.
Sub500 Mortgage inc.
tel.(858)536-7504
fax.(858)659-2507
efax.(858)225-0796
www.sub500mortgage.com
dgreenfieldub500mortgage.com