Matrix: Correspondent Lending
<< Continued
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
Plaza Home Mortgage Inc.
858-404-0166
www.plazahomemortgage.com
CON TACT: Correspondent Lending Division
salpi.meyer@plazahomemortgage.com
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
888-987-7764 x5513
www.prmg.net
CON TACT: Jay Boand, jboand@prmg.net
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
Sharestates
212-201-0750
www.sharestates.com
CON TACT: Michael Ramin, sales@sharestates.com
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!
Sprout Mortgage
866-707-8800
sproutmortgage.com
info@sproutmortgage.com
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.
REQUIREMENTS PROGRAMS OFFERED PRODUC TS OFFERED
17 Conforming
18 Portfolio/nonconforming
19 FHA
20 VA
21 USDA
22 Jumbo/super jumbo
23 Reverse
24 Minimum FICO
10 Third party originations
11 Emerging mortgage banker (Mini-Corr)
12 Warehouse lines
13 Product pricing engine
14 Delegated underwriting authority
15 Flow
16 Bulk
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: matrixfeedback@scotsmanguide.com.
D
I
S
P
L
AY
D
I
S
P
L
AY
D
I
S
P
L
AY
D
I
S
P
L
AY
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.
