Newfi Prioritizes Making it Simple for Brokers

Newfi Wholesale Why We're Great

Newfi Wholesale prioritizes making it simple. We know you have options, and we value all of the brokers who work with us. Our reputation in the industry often focuses on our proprietary Non-QM products, and our innovation in crafting unique product guidelines. But Newfi doesn’t stop there. Here’s a brief overview of some of the ways we make it easy …

Find Details on Your Newfi Products on This Simple Matrix

Newfi Wholesale Products

Newfi is always striving to share our product information as clearly as possible. We have put together this handy product matrix, so you have an at-a-glance reference for some of the most commonly-asked questions about our popular products. Download and print a copy of this matrix here!

Submit your 12- or 24-Month Bank Statements to Newfi’s Bank Statement Desk

Newfi Wholesale Products

We understand that processing bank statement loans can have its challenges. At Newfi Wholesale, we are here to help! Submit your 12 or 24 month statements to our Bank Statement Desk PRIOR to your loan submission to Newfi. We will review your bank statements, and determine the gross deposits that we will consider in the income calculation. Final income determination will be …

Payment Relief: 40-Year Term, 10 Year Initial IO on Sequoia Portfolio Plus

Newfi Wholesale Non-QM

Do you have borrowers looking for lower initial payments? Newfi’s Sequoia Portfolio Plus offers a 10-year Interest-Only period at the start of a 40-year term. This gives payment relief while locking in today’s low rates for entire 40 year term, eliminating uncertainty when adjusting from IO to P&I payment. It’s easier to qualify than most IO loans, because of its 40-year term. Underwriting decisions are done in-house with exceptions available. …

Self-Employed Borrowers Haven’t Filed Their 2018 Taxes?

Newfi Wholesale Products

Do you need to take advantage of your self-employed borrowers 2018 income but they haven’t filed their taxes yet? No problem! With Newfi’s Sequoia CPA program your borrower can qualify using a CPA prepared P&L covering the last 12 months. It’s super easy, here’s how it works. Self-employed borrowers only Minimum 2 years in current profession and minimum 50% ownership …

New Pricing and Eligibility Tools for Non-QM Scenarios

Newfi Wholesale Non-QM

Newfi Wholesale has partnered with LoanScorecard to offer clients a pricing and eligibility tool, specifically for our Sequoia Non-QM products. Approved clients or even potential clients can now run eligibility and pricing scenarios directly from Calyx Point, or here on our website. This platform will also use the borrower’s credit report to run an automated underwriting (AUS) specifically to our …

Qualify Self Employed with CPA-Prepared P&L

Newfi Wholesale Products

Sequoia CPA allows self employed borrowers to qualify their income based on a CPA prepared P&L over a 12 month period. Tax returns not required! Qualify using CPA prepared P&L covering the past 12 months Loan amounts up to $2,000,000 on purchase and R&T transactions Cash out loan amounts to $1,500,000 with up to $1,000,000 cash to borrower 4 years …

Newfi Wholesale Product Gallery

Newfi Wholesale Products

Newfi Wholesale offers a variety of products to fit borrowers’ needs. With in-house decision-making and innovative options, look no further than Newfi Wholesale. SEQUOIA PORTFOLIO PLUS With Sequoia, we make all credit decisions and exceptions in house, providing flexible qualification and faster approvals. Option for 40-year fixed rate term with 10-year IO Borrow up to $2.5 million Smart asset depletion …

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 …