Qualify Using Bank Statements with No P&L

Newfi Wholesale Non-QM, Products

Did you know you can qualify a borrower using business bank statements with no P&L? Simply apply a fixed expense ratio based on the size and type of business. Learn more about using our Sequoia Portfolio bank statement programs. Expense Ratio for Bank Statement Income Calculations Number of Employees 0 1-5 > 5 Service Business 20% 40% 60% Product Business …

In-House Investor Pro: One of the Easiest Methods to Qualify Investor Clients

Newfi Wholesale Non-QM

Sequoia Investor Pro is incredibly flexible, underwritten in-house, and requires no income, employment or asset verification*. This terrific NOO option is making headway in the marketplace. Newfi Wholesale has created one of the easiest methods of qualification for your investor clients. With Sequoia Investor Pro you have two options: qualify based on the subject property cash flow with a DSCR of …

Now is the time: Get Cash-Out on Investment Properties

Newfi Wholesale Non-QM

Many borrowers have seen strong equity growth on their non-owner properties. Newfi’s Sequoia Portfolio Plus is a great program for borrowers to take a cash-out refi to get equity out of investment properties. Cash-out refis go up to 80% LTV on full doc with 680 credit; up to 75% with 660 credit. A bank statement option is also available with LTVs to 75% …

Qualify More Self-Employed Borrowers

Newfi Wholesale Non-QM

Newfi continues to innovate for self-employed borrowers. With our Sequoia Portfolio Plus and Expanded programs you have two different options for calculating the net qualifying income from your borrowers business bank statements: Fixed Expense Ratio – This is the quickest and easiest calculation. Simply add up the total business deposits and apply a fixed expense ratio, based on the type and size of …

Easy Bank Statement Qualification – Sequoia Portfolio Plus and Expanded

Newfi Wholesale Non-QM

You can qualify more self-employed borrowers using our Sequoia Portfolio bank statement programs. This is an excellent opportunity to review your pipeline of borrowers who were not previously able to qualify with a full doc, and breathe new life into those deals. Here are some highlights: Personal bank statements – Use 100% of employment related deposits with no additional expense …

Convert borrower assets into qualifying income with Sequoia Portfolio Plus

Newfi Wholesale Non-QM

Newfi offers one of THE EASIEST Asset Depletion calculation methods in the industry with its Sequoia Portfolio Plus Non-QM program. Eligible funds can be held in checking, savings, stocks, bonds, mutual funds or retirement accounts. To calculate, take the total amount of eligible assets, divide by 120 months and add the result to the “other income” section of your 1003 – it’s …

Sequoia Investor Pro: Qualify with no income, employment or reserve disclosure

Newfi Wholesale Non-QM

Investors can qualify for Sequoia Investor Pro with no income or employment disclosure and no reserve requirement. There are two ways for borrowers to qualify: Debt Service Coverage Ratio (Gross Rent/PITI) >= 1.15; or No Ratio (not using subject property rent to qualify). This proprietary program is available in 3/1 and 5/1 ARMs, and has an Interest-Only option available. Cash to close must be verified …

New Product Alert – No Investor Approval Required!

Newfi Wholesale Non-QM

Newfi is excited to announce the addition of a new proprietary Non-QM product called Sequoia Portfolio Expanded. Sequoia Portfolio Expanded has all the great features of the Sequoia Portfolio Plus, as well as higher LTV limits, lower credit scores and shorter recovery time between major credit events. Borrow up to $2.5 million Multiple options to meet tradeline requirements 3-year seasoning for …

Advanced Broker Toolkit: Portfolio Asset Depletion Income

Newfi Wholesale Non-QM

Newfi is always looking to help you benefit from using our Sequoia Portfolio Plus program. Did you know that Sequoia offers one of THE EASIEST Asset Depletion calculation methods in the industry? With Sequoia’s Asset Depletion program you can use funds held in checking, savings, stocks, bonds, mutual funds or retirement accounts. By simply taking the total amount of eligible …

New Webinar: Non-QM Updates and Marketing Tips

Newfi Wholesale Marketing, Non-QM, Webinars

Newfi Lending’s first Non-QM webinar in July was a great success and is back by popular demand! Newfi’s follow-up webinar will share program updates and offer marketing ideas for many of the program’s key features and benefits. Join us for a 30-minute webinar where we will cover: Recent updates to existing guidelines Marketing ideas to help generate Non-Qm loan volume …