Scotsman Guide - June 2011 Residential Edition

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LEGEND: P=Purchase; R=Rate and Term Refi; C=Cash-Out Refi; O=Owner Occupied; V=Vacation Home; N=Non Owner Occupied;
NINA=No Income, No Asset; SISA=Stated Income, Stated Asset; SIVA=Stated Income, Verified Asset
All parameters on each line are used in combination with one another —
each line represents a specific loan scenario or credit grade

PROGRAM
NAME
Type I E A 45
I=Income
V=Verified S=Stated
DOCUMENTATION
O
V
N
P
R
C
FICO %/$K %/$K %/$K FICO UNI TS LTV / LOAN AMOUNT COMBINATIONS

E=Employment
A=Assets 45=4506

OCC PURP

Ratio %

30s in the Last %

Ch 7
BK
Disch
Upfront
MI
Max
%

Yearly
MI If
LTV>
____
Ch 13
BK
File
Fore
Satis

Min Yrs Since

Fixed, ARM, Both

CLTV
F/A/B
MTG
LATES
BANKRUPTCY/
FORECLOSURE
MTG
INSURANCE

The Funding Pool

CO ID UT

866-210-0850
www.fundingpool.net
FHAPurchase Full V V V Y O P 1-4 680 96.5/801 55 96.5 0/12 2 1 3 0 F
FHAR&T Full V V V Y O R 1-4 680 97.75/801 55 97.7 0/12 2 1 3 0 F
FHAC/O Full V V V Y O C 1-4 680 80/801 50 85 0/12 2 1 3 0 F
FHAArm Full V V V Y O PR 1 680 96.5/417 50 96.5 0/12 2 1 3 0 A
FHAHighBal Full V V V Y O PR 1 680 96.5/729 50 96.5 0/12 7 7 7 0 B
VAPurchase Full V V V Y O P 1 680 100/417 50 100 0/12 2 1 2 F
VA Full V V V Y O RC 1 680 90/417 50 90 0/12 2 1 2 F
UtahHousing Full V V V Y O P 1 680 96.5/417 55 103 0/12 2 1 2 1.00 F

1.00

County/unit limits apply County/unit limits apply County/unit limits apply County/unit limits apply No manual U/ W County/units limits apply No IRRLS - max CLTV 90%

TMSFunding Wholesale

CA CO CT DC DE FL GA IL MA MD MI NC NH NJ NY PA RI SC TN TX VA

888-371-2989
www.tmsfunding.com
Purchase Full V V V O P 1-4 640 96.5/801

50

F Subject to county limits F Subject to county limits F Subject to county limits F Loan amount over $417K A 1/1/5 caps-over $417K

United Wholesale Mortgage

NATIONWIDE except: AK HI NJ NY SD

800-981-8898
www.uwmco.com
FHAPurchase Full V V V Y O P 1-4 640

97/417

97/729

85/729

99/417

97/417

85/417

43 100 0/12 2 1 3 2.25 0

55 100 0/12 2 1 3 2.25 0

43 85 0/12 2 1 3 2.25 0

F Closing loans in 10 days!

F Underwriting in 48 hours!

F Conditions cleared in 24 hours F CTC today = closing tomorrow F HUD REO program (state spec.)

A Quick & easy paperless AUS A Communicate with UW directly B Ratios 39/55

A Manufactured homes 1990+

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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.

data into the loan-origination system, alerts can be set to interrupt the work automatically anytime a noncompliant action is requested or a noncompliant value is entered. In addition, audit trails can record every action, making future training easy.

But the real power comes from stopping work flow at the first sign of trouble. The best alerts will not only notify loan originators of a problem, but they also will suggest a solution that can quickly get the deal back on track.

Originators with access to software equipped with integrated compliance checks will find themselves:

• originating high-quality loans;
• working their way swiftly through
the origination process; and
• dealing efficiently with compliance
problems.

Loans with labor-intensive compliance issues can be removed from the automated sequence and flagged for human attention. no longer can compliance live at the end of your pipeline and apply only to a group of sample loans. It must become a continuous process designed to guarantee a quality loan every time.