Search Matrix: ScotsmanGuide.com/Correspondent
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Tell lenders you found them in Scotsman Guide
Reverse Mortgage Solutions Inc.
CONTACT: Garrett Kolb, Partners@rmsnav.com
NATIONWIDE except: AK MA NY RMS is a full service reverse mortgage partner offering reverse mortgage loan origination, mortgage servicing,
securitization and REO asset management solutions.
Stearns Lending LLC
CONTAC T: Nick Pabarcus, email@example.com
2 1M 0 300K 1M 5M 40 Y Y Y Y Y Y Y Y Y Y 620
NATIONWIDE except: NY Minimum overlays; broad product offerings; experienced operations staff; correspondent client approvals in 2-3
weeks, loan purchasing in 3-5 days.
CONTAC T: Patricia Trimble, firstname.lastname@example.org
2 50K 0 500K 500K 0 0 Y Y Y Y Y Y 620
NATIONWIDE except: AR HI MS MT SD VT WV
COMPANYNAME 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24
REQUIREMENTS PROGRAMS OFFERED PRODUC TS OFFERED
22 Jumbo/super jumbo
24 Minimum FICO
10 Third party originations
11 Emerging mortgage banker
12 Warehouse lines
13 Product pricing engine
14 Delegated underwriting authority
1 Minimum years in business
2 Minimum company net worth ($K)
3 Minimum average monthly volume ($K)
4 Minimum E&O insurance coverage ($K)
5 Minimum fidelity bond coverage ($K)
6 Minimum warehouse line ($K)
7 Minimum company liquidity percentage
8 Audited financial statement
9 Personal guarantee
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: email@example.com.
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This matrix should be used by mortgage brokers or bankers
looking to develop a correspondent-lending relationship with
a larger lender (aka sponsor). Correspondent lenders originate
and fund loans in their own name and then sell the loan to a
larger lender that will service or sell the loan. Use this matrix
to find the sponsor whose minimum requirements, programs
and products fit your company’s needs.
800.819.4199 | firstname.lastname@example.org | cherrywood.com
Cherrywood Commercial Lending, LLC is licensed in California as a finance lender under the California Finance Lender Law, License 603 L126.
The borrower was originally unable to secure
a refinance for his 38 property SFR Portfolio
creating a maturity default.
After entering into a forbearance agreement,
borrower was able to obtain funding with
Cherrywood Commercial Lending, LLC
before borrower’s final extension was up.
Purpose of Loan
Small-Balance Commercial Real Estate DIRECT Lender
Yes, we do these!