Search Matrix: ScotsmanGuide.com/Correspondent
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Matrix: Correspondent Lending
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24
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 (Mini-Corr)
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.
A & D Mortgage
CON TACT: Max Slyusarchuk
1 75K 0 250K 0 0 0 Y Y Y Y Y Y Y Y Y Y Y 500
CA CO FL GA MN NJ PA TX VA A & D Mortgage is the market leader in non-QM, jumbo and portfolio loans.
Angel Oak Mortgage Solutions
CON TACT: Sean Marr, firstname.lastname@example.org
2 300K 0 250K 250K 1M 20 Y Y Y Y Y Y Y Y Y 500
NATIONWIDE except: AK HI ID MA MT ND NH NY SD V T WV WY To learn more about correspondent lending from Angel Oak Mortgage Solutions
and becoming an approved partner, please contact Sean Marr at: email@example.com.
BofI Federal Bank
CON TACT: Kacie Doyle, firstname.lastname@example.org
2 2.5M 10M 500K 0 0 25 Y Y Y Y Y Y 620
NATION WIDE Jumbo/super jumbo, niche, portfolio lender.
Citadel Servicing Corp.
CON TACT: Will Fisher, email@example.com
2 1M 500K 300K 300K 0 20 Y Y Y Y Y Y Y Y 500
NATIONWIDEexcept: AK IA MA MO MS ND NY RI SD VT WV Citadel Servicing: the nation'sleading nonprime correspondent lender.
Offering jumbo and alt-doc programs, 500 FICO, no seasoning on FC, SS or BK.
Commonwealth Mortgage LLC
CON TACT: Kim Morin, firstname.lastname@example.org
1 0 0 250K 0 0 20 Y Y Y Y Y Y Y Y Y Y Y 560
CA CO CT FL GA IL IN MA MD ME MI NC NH NJ PA RI TN TX VA WA WV Commonwealth offersconventional, FHA, USDA and
non-conforming loans with minimal to no overlays. Alt-A, non-QM loans are also available as well as rehabilitation loans.
CON TACT: Michael Brenning
2 1M 3M 300K 300K 1M 0 Y Y Y Y Y Y Y Y Y 500
NATIONWIDE except: AK N Y WV We offer expanded prime, near prime, non prime and investment property products with loans up to $2.5M and 90% LTV.
Note: Additional restrictions may apply.
1 100K 0 300K 300K 1M 0 Y Y Y Y Y Y Y Y Y Y Y Y Y
NATIONWIDE For the last thirty years, Flagstar Bank has been an industry-leading mortgage lender and is currently a top 10 correspondent investor.
CON TACT: Anne Nguyen, email@example.com
2 75K 0 500K 0 0 0 Y Y Y Y Y Y Y Y 600
AL AZ CA CO DC FL GA HI ID IN MD NC NJ NV OH OR SC TN TX UT VA WA Leading correspondent lender offeringa full suite of programs,
agency and non-agency, non-QM, jumbo, FHA and VA.
Pacific Union Financial LLC
CON TACT: Jon Grafflin, firstname.lastname@example.org
1 1M 500K 300K 300K 10M 20 Y Y Y Y Y Y Y Y Y Y Y Y Y 500
NATION WIDE except: HI Privately held; servicing performed in-house; centralized fulfillment; attractive niches; limited overlays;
best-efforts and mandatory commitments; non-delegated options.
Plaza Home Mortgage Inc.
CON TACT: Correspondent Lending Division
2 1M 2M 500K 500K none Y Y Y Y Y Y Y Y Y Y Y Y 580
NATIONWIDE At Plaza Home Mortgage, we know what you are up against and we offer a comprehensive support system designed to make
it easier for you to be successful.
PRMG - Paramount Residential Mortgage Group
CON TACT: Jay Boand, email@example.com
0 75K 3M 500K 500K 0 0 Y Y Y Y Y Y Y Y Y Y 580
NATION WIDE except: N Y W Y
CON TACT: Michael Lederman, firstname.lastname@example.org
2 500K 1M 1M 0 0 0 Y Y Y Y Y 620
NATIONWIDE except: ND NV SD VT Premier table funding option for lenders. Funding available to meet a variety of unique financing solutions.
Jumbo/super jumbo, non-conforming/portfolios accepted!
5000000Y Y YYY YY Y 640
NATIONWIDE except: MA Sprout Mortgage is your investor of choice for non-agency programs including alternative qualifying, jumbo,
non-warrantable condos, recent credit event and investor options.
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.