« matrix: prime niches »
» post your loan: scotsmanguide.com/loanpost » search matrix: scotsmanguide.com/primeniche
This matrix should be used to
find general program information/
product types, unusual property or
loan characteristics. Please consult
the Prime 1st Mortgages matrix for
detailed program criteria.
COMPANY NAME
1 Acreage: Max acres on res. property (U=Unlimited)
2 Condo: Non-Fannie Mae/Freddie Mac warrantable
3 Condo: With only 2-3 units
4 Condotels at resort destinations
5 Co-ops
6 Dome homes
7 Land: Purchase of subdivided lot
8 Land: Purchase of undeveloped raw land
9 Log homes
10 Manufactured home (post-1976)
11 Second dwelling on single tax lot
12 Zoning: Non-owner < 5 units: Zoned other than residential
PROPERTY-RELATED ITEMS
123456789101112
13 Aliens/foreign nationals: No green
card, second home
14 Aliens/foreign nationals: No green card,
No-income verifier loans available
16 Corps., trusts, partnerships and LLCs
17 Minimum loan amount
18 Non-owner: More than 10 financed prop-
erties allowed regardless of loan amount
19 Ratio: Combined ratios are allowed
with non-occupant co-borrower
20 Remodel: Conventional at after-
remodel value
MISCELLANEOUS
13 14 15 16 17 18 19 20
PROGRAMS AND OPTIONS
21 Bridge loans
22 Freddie Mac: Loan Prospector (LP)
23 Freddie Mac: Affordable Gold
24 Fannie Mae: Desktop Originator (DO)
25 Fannie Mae: MyCommunityMortgage
26 Fannie Mae: Desktop Underwriter (DU)
27 Govt.: FHA Direct Endorsement
28 Govt.: VA
29 Lock: Longest lock available (number of days)
30 Lock without property address
31 Pledged asset option
32 Reverse mortgages
33 Tenants-in-common ( TIC)
34 Rural property/part-time farm
21 22 23 24 25 26 27 28 29 30 31 32 33 34
360 Mortgage Group LLC
866-418-2997
www.360mortgage.com
Y
30K
YYY60
AZ CA CO GA IA ID IL IN KS KY MN MO NC NM OK OR TN TX UT WA WY California lending limited to Sacramento, Solano, Sonoma, San Francisco, San Mateo,
Santa Clara, Marin, Contra Costa and Alameda counties
Flagstar Bank
866-945-9872
wholesale.flagstar.com
U
Y
Y
20K
Y
Y
YYYYY365Y
Y
NATIONWIDE Accelerate your business with Flagstar, a nationwide lender offering industry-leading technology, compliance tools, fast underwriting turn times and quality service.
GotMortgage.com
714-241-4540 x1200
www.gotmortgage.com
Y
Y
Y
Y
Y
Y
CA HI
Browse our site and see why our quality of business and high service standards set us apart in the mortgage community. www.gotmortgage.com
ICON Residential Lenders
888-247-6427
www.iconwholesale.com
Y
Y
YY
60
NATIONWIDE except: AK
Tell lenders you found them in Scotsman Guide
Scotsman Guide makes every attempt to ensure the quality of matrix and directory information, which all listed lenders verify or update monthly. Because of the production cycle and dynamic nature of the industry, loan product
terms and availability may not reflect the latest changes. Please contact lenders directly for the most-recent program details. If you believe data is inaccurate or misrepresented, please e-mail: matrixfeedback@scotsmanguide.com.
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« articles »
By Will Thibodeau
Co-CEO, chief technology officer
Treeno Software
Which Hub Is Right for You?
Enterprise-content-management systems feature many options to consider
mortgage brokers face a growing
need to capture and organize data in a
more efficient manner. Enterprise-content-management systems can help.
These systems centralize document
management, workflow management,
document imaging and e-mail management. Content-management software
can significantly improve a mortgage
business’s productivity and efficiency.
One of the most-common questions
companies ask when they investigate
purchasing this kind of system is, “Can
we afford the time and money it would
take to implement?”
Before answering, consider the ben-
efits. A good enterprise-content-man-
agement system can:
• Reduce the cost of paper-purchasing,
-storage and -disposal;
• Lessen the risk of lost
documentation;
• Lower the need for filing and
shredding;
• Simplify file searches;
• Increase productivity and efficiency;
• Enhance collaboration;
• Speed up service times;
• Store data securely; and
• Provide instant remote access.
Mortgage companies and other financial institutions are among these
systems’ most-common users. In many
cases, the file-management and -storage solutions content-management
systems offer allow financial companies
to comply with regulations that require
rigid recordkeeping. The high volume of
data and documentation involved in the
mortgage business mandates efficient
and secure data management.
The workflow collaboration that enterprise-content-management systems
allow also can help regulate and track
financial documents as they move
through various stages of the loan process. This can save time and money.
Meanwhile, by storing documents
electronically, enterprise-content-management systems provide secure, on-demand access while reducing the need
to store paper documents.
In selecting a system-provider, you
should evaluate your company’s needs
and challenges. Be sure to read all information regarding the provider’s customer service and support. Do your
research and know your goal. If you go
shopping without knowing what specific problems you hope to solve, you
are less likely to find a solution.
Any system you choose should:
• Be easy to use;
• Be backed by great customer
support;
• Effectively eliminate validity issues
related to document tampering;
• Allow permission-based access to
files; and
• Store information securely.
Customer service and technical support are particularly important when
users first incorporate the new technology in their existing processes. This
can include modifying system terminology to match language already used
within the company.
In many cases, implementing an
enterprise-content-management sys-
tem will be easier if the provider of-
fers thorough consultation during the
startup period.
Will Thibodeau is co-CEO, chief technology officer, of Treeno Soft ware. Founded
by Thibodeau in 2002, Treeno is a leader in
the enterprise-content-management (ECM)
software industry. With its Web-based ECM
system, Treeno was one of the industry’s
first companies to embrace cloud computing. Treeno’s ECM-solution-implementation
methodology — aka, T-SIM — encompasses
the company’s core competencies and
assures measurable return on investment
for clients. For more information, visit www.
treenosoftware.com, call (800) 528-5005 or
e-mail sales@treenosoftware.com.
