Lenders wanted

CA, Single-Family, Refinance, $265K, 622 FICO, 79% LTV
Posted on 7/10/2013 10:37:48 PM

Have a potential FHA stream, perfect mortgage but scores are 629 and 622. Not sure on income qualifying, haven't addressed with borrower yet. I can't do with those scores. Any options out there?

  • by Eric Mitchell on 8/20/2013 7:27:43 AM

    Yes we do that. I am a direct lender.
    310-356-7388 x729

  • by Jim Hamill on 8/1/2013 10:17:46 AM

    Why go FHA. From the limited data given looks like it could go FNMA. Presume that by now you've been able to get more info from your borrower as to DTI, etc. Give me a call at 951-206-3357 or email me complete details at jhamill@westernbanc.com do we can get this put together for you.

  • by Steven La Bella on 7/25/2013 1:57:29 PM

    Since there is no name listed...Dear Anyone, LOL
    If you are done with this classified then remove it.
    Otherwise you need to contact me at (877) 230-2935 we can help in any need you have. We are also hiring MLO's if you feel like jumping over.
    reply @lendersteve

  • by Cindy Lendin on 7/25/2013 11:44:17 AM

    We sell our loans directly to GNMA, and we also Service the loans and have for over 30 years
    call me at 949-457-6200 x 111 and we can help you
    Best Regards

  • by NXTLoan | First American Mortgage Trust on 7/18/2013 9:35:38 AM

    NXTLoan is a leading FHA mortgage lender that underwrites FHA 203(b) and 203(k) products. Our loan approval process is far more discerning than an automated approach: Instead of solely focusing on an applicant’s credit score rating, NXTLoan looks at the bigger picture when assessing the risk of a loan. Please submit this loan via our scenario page at http://bit.ly/nxtloanscenario or contact Lee LoBaugh at 323-807-7470 to discuss this loan.

  • by Steven La Bella on 7/17/2013 10:49:16 AM

    We can help.
    Please give me a call at (877) 230-2935.
    Steven La Bella
    Retail Mortgage Loan Executive
    Directors Mortgage, a CA Mortgage Bank

  • by Leonard on 7/12/2013 11:26:42 AM

    Was the existing FHA loan endorsed on or before May 31, 2009?

  • by Linda Weir on 7/12/2013 10:59:01 AM

    We are a wholesale lender and do not require fico scores on FHA Streamline refinances.

  • by James Stachyra on 7/11/2013 9:31:59 AM

    Do you pull your credit reports thru Kroll? Ask someone in you operations department to run a "creditXpert" on the report. You basically tell the software you need to increase the fico scores by 20 points and it will run a repot on exactly what the borrower can do to get the fico scores up. I use this often and it helps the borrowers rather than them walking blind and just wondering if they pay something down or off if it really will affect the fico score.

  • by Carolyn Johnson on 7/11/2013 9:24:04 AM

    I work with Open Mortgage and we are correspondent with Plaza and Sunwest, they will take a score of 620. I think American Financial Resources will also.
    Good luck?

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