“Newfi is focused on innovating in ways that allows mortgage brokers to save time, have an easier process, and grow their Non-Agency production,” Newfi Founder & CEO Steve Abreu said. “Our new Instant LE feature in our broker portal is solidifying our commitment as a leading innovator in the Non-QM space.”
With Instant LE, brokers can generate documents 24/7 and finish their disclosure process in minutes on their Non-QM deals by using our estimated fees. This allows them to move quicker in the loan process and speed up ordering any necessary appraisals as well. Accurate fees can later be added by the broker during the closing disclosures process.
This feature also allows brokers to preview and approve their Loan Estimate before sending it out to ensure accuracy. If users need assistance while using Instant LE, they can access real-time disclosure help by chatting with our disclosure desk team directly in the portal.
“Newfi is committed to creating a better broker experience for our customers through technology,” Newfi’s EVP of Technology and Production Support, Amit Pall said. “Our BLU Portal continues to lead in ease of use and hands-on support for our brokers submitting Non-QM deals.”
Instant LE is available for use on full doc and alt-doc Non-QM programs including bank statement, 1099, CPA Gross Receipts, and CPA P&L that are offered through Newfi’s Rainier, Sequoia Non-QM and Sequoia Non-QM Expanded products. For more information about Instant LE, connect with a Newfi Account Executive or use our Instant LE Broker Guide and training videos.
About Newfi Lending NMLS ID 1231327
Newfi Wholesale is a leading wholesale mortgage lender committed to supporting the success of mortgage brokers and loan officers nationwide. Through a combination of diverse product offerings, dedicated non-QM training, intuitive technology, and exceptional service, Newfi Wholesale provides their brokers and loan officers the tools they need to succeed. Learn more at newfiwholesale.com.