Branch Opportunity of the Week: Supreme Lending boasts world-class underwriting

by Ryan Smith26 Aug 2014
Supreme lending did $3.5 billion in business last year, and is on track to do as much or more this year. When you’re doing that much business, you need a world-class underwriting department – and Supreme is up to the challenge.

“We have underwriting here at corporate office in Dallas, but we also have regional or branch-level underwriting we can roll out,” says Bill Harp, Supreme Lending’s director of talent acquisition. “It depends on the circumstances and the level of volume that everybody does. … We’ve hired 45 branches just this year. You have to have a very strong process and a dedicated in-house team to take care of all that.”

And even though the majority of Supreme Lending’s business is purchase loans, the company’s commitment to borrowers means turnaround time is a priority.

“We’re just shy of 90% purchase. Those tend to have a little bit longer process than a quick little refi,” Harp says. “Right now our year-to-date app to cleared-to-close time is 23.99 days. Last year we were at 25. We want to be at 22 by the end of the year.”

Supreme also provides unparalleled compliance support for its branches.

Compliance, legal and licensing are all done here at the corporate office,” Harp says. “We have a lot of respect for compliance and licensing, because we’re not a depository bank. So we definitely have an infrastructure in place to make sure we’re in compliance on a daily basis, as well as to take care of our originators and make sure they’re getting licensed.”

For more information on Supreme Lending branch opportunities, call 866-229-2381, visit, or email


Conforming Options:
  • Direct Lender with FNMA/FHLMC
  • 95% LTV/CLTV Financing available down to 620
  • Lender Paid MI Financing to 95% available down to 640
  • Gift Funds can be used for entire borrower investment
  • Repair Escrow allowed
  • FNMA DU Refi Plus and Freddie Mac LP Open Access
  • FNMA HomePath
  • FNMA HomeStyle Renovation
  • FNMA Delayed Financing allowed
  • Texas Home Equity
  • Multiple Property Financing (5-10 Properties)
  • 90-Day purchase flips with justified increase over 20%
  • Adjustable Rate Mortgages available (ARM)
  • Conforming High Balance
  • FHA loans with fico scores down to 600
  • FHA Streamline with no appraisal
  • FHA HUD 184
  • FHA 203(k) Renovation
  • FHA High Balance
  • 90-Day purchase flips with justified increase over 20%
  • Manual Underwrite allowed
  • Adjustable Rate Mortgages available (ARM)
  • Up to 100% Loan to Value with 620 Fico
  • VA IRRRL available
  • USDA Streamline Refinance
  • VA High Balance available
  • Manual Underwrite allowed
  • Adjustable Rate Mortgages available (ARM)
Jumbo Options:
  • 80% LTV/CLTV to $2,000,000 with 720 Fico
  • In-House Delegation
  • Foreign Nationals eligible
  • Asset Depletion available
  • Pledged Asset Program
Adjustable Rate Mortgages available (ARM)