All parameters on each line are used in combination
with one another — each line represents a specific
loan scenario or credit grade.
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Type I E A 45
I=Income
E=Employment
A=Assets 45=4506
V=Verified S=Stated
O
V
N
P
R
C FICO %/$K %/$K %/$K %/$K%/$K FICO
LTV / LOAN AMOUN T
Combinations tied to different scores
COMMENTS
OCC PURP LTV / LOAN AMOUNT
DOCUMENTATION
#
UNI TS
PROGRAM
NAME
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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TMSFunding Wholesale 888-371-2989 www.tmsfunding.com
Primary Full V V V O P 1 700 95/417 N N
Primary Full V V V O PR 1 640 80/417 N N
Primary Full V V V O PR 2 660 80/533 N N
Primary Full V V V O PR 3-4 660 75/645 N N 4-unit max $801,950
SecondHome Full V V V V PR 1 640 80/417 N N
Investment Full V V V N P 1 640 80/417 N N
Investment Full V V V N R 1 640 75/417 N N
Investment Full V V V N PR 2-4 680 75/801 N N Subject to agency limits
Contact Robin Buttner: rbuttner@tmsfunding.com. Broker approval: www.tmsfunding.com
Venta Wholesale AZ CA CO NV OR TX UT WA 702-481-6220 www.goventa.com
Conforming Full V V V Y O PRC 1 680 80/417 45 80 NA B N N FNMAlimitapplies
Conforming Full V V V Y O PR 2-4 700 75/417 45 75 NA B N N FNMAlimitapplies
Conforming Full V V V Y VN PR 1 720 80/417 45 80 NA B N N FNMAlimitapplies
Conforming Full V V V Y N P 2-4 720 75/417 45 75 NA B N N FNMAlimitapplies
Conforming Full V V V Y N R 1-4 720 75/417 45 75 NA B N N FNMAlimitapplies
Conforming Full V V V Y O C 2-4 680 75/417 45 75 NA B N N FNMAlimitapplies
Conforming Full V V V Y VN C 1 720 75/417 45 75 NA B N N FNMAlimitapplies
Conforming Full V V V Y N C 2-4 720 70/417 45 70 NA B N N FNMAlimitapplies
Venta sells directly to Freddie Mac, which means no more investor overlays! Purchase loans only in TX. For further details, call Steve at 702-473-1106 or e-mail scenario to slambiris@goventa.com.
NN
N
680 7
l
l
l
Full V
l
l
l
l
N
N
N
N
N
N
NA B N
7
7
7
7
7
70/417
l
lV
lV
lV
lV
lV
lV
l VVVY
Ratio
%
Life at a retail bank often is completely different. If management dictates a policy change, you often must
adapt or find yourself seeking another
job. that’s not a great position to put
yourself in, particularly if you love the
freedom of being your own boss.
Net-branch opportunity
For some industry professionals, net
branches maintain a black mark be-
cause of how retail mortgage banks
used them to circumvent regulations.
Although net branches are still acceptable to HUD, Fannie Mae and
Freddie Mac, it’s often easier for a
mortgage bank to find an alternative
way to structure an agreement that
looks like a net branch but isn’t quite
as accommodating.
Information often hidden from prospective branch-operators includes
corporate allocations, transaction
fees and high-margin rate sheets.
Such rate sheets deliver lenders
handsome payouts based on the difference between the price they pay
to originators and the price they receive when selling loans on the secondary market.
In many cases, companies will find
ways to recoup any expenses they
paid to recruit new branch-opera-
tors. Often, visits by regional man-
agers and staff dinners may come
out of the branch-operators’ pocket,
along with other expenses related to
running the branch. this can include
vendor services, employer taxes and
insurance benefits.
