Help us feed our community!

Daniel Silver News

Newfi Wholesale Holiday Charity 2017

At Newfi, we think food is a basic human right.

That’s why we will donate $5 to the Alameda County Community Food Bank for every loan that Newfi Wholesale receives in December and which closes in December or January.

The Alameda Country Community Food Bank is an Oakland-based non-profit that helps feed the hungry year-round in our backyard. We’re proud to give them a hand!

For more information, contact your Account Manager, or reach out to the Newfi Wholesale team at 888-415-1620.

We’re now accepting 2018 loan limits!

Daniel Silver News

Newfi Wholesale is now accepting loans up to the newly-approved FHFA conforming loan limits!

The FHFA recently updated their conforming loan limits for 2018. Newfi Wholesale will accept applications using the new loan limits beginning December 4, 2017. In addition, Newfi will allow fundings using the new loan limits prior to January 1, 2018.

UPDATE 12/11: The Newfi Wholesale broker portal now accepts the 2018 conforming and high balance loan limits.

Conforming Loan Limits for 2018

Below are the new loan limits for 2018. Remember that loan limits on high balance may be lower based on the county of the subject property. Visit the FHFA website for county-specific information.

2018 Conforming Loan Limits

High-Cost Conforming Loan Limits 2018

Low Rates for High Balance Mortgages

Daniel Silver Jumbos, News, Products

Our Biscayne fully-delegated jumbo loan program can now be underwritten to AUS findings for conforming high-balance loans!

With our new guidelines, agency high-balance loans may be underwritten to the AUS findings and submitted to our aggressively-priced, fully-delegated Biscayne jumbo loan program!

What are the overlays for agency high-balance loans?

  • Agency high balance loans must have approve eligible findings
  • No Property Inspection Waiver (PIW) allowed.
    • Full appraisal required
    • Field review required for property values of $1+ million with LTV/CLTV greater than 75%
  • Max 80% LTV
  • Maximum DTI of 43%
  • 30 year fixed rate only
  • High Balance loan must follow Biscayne loan amount & LTV matrix
  • Reserve requirement will follow AUS findings
  • DU or LP findings are acceptable

What’s special about the Biscayne Jumbo loan program?

  • Fully delegated for fast closing — no investor-added conditions or timelines
  • Very aggressively priced
  • Qualify with RSU income

Read all about the Biscayne Delegated Jumbo Loan Program and get the latest guidelines.

For more information

Call your Account Manager, or reach out to the Newfi Wholesale team at 888-415-1620!

Check out our other wholesale loan products!

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Glacier Investment Property Loan Program

Daniel Silver Non-QM, Products

Glacier Wholesale Investment Property Loan Program

Here’s a new non-QM product for real estate investors who don’t qualify for typical agency loans — and a great NICHE product to help you stand out.

Introducing the Glacier Investment Loan Program!

Glacier Investment Property Non-QM Loan Flyer

Click Here for a PDF of the Product Flyer

Look at these features:

  • Loan amounts up to $2 million
  • Up to 80% LTV (75% LTV for cash out)
  • Credit scores as low as 620
  • Purchase, R&T, cash out OK
  • No maximum number of financed properties
  • No DSCR requirement
  • 12 months of personal bank statements for self-employed borrowers OK
  • “One day” seasoning for foreclosure, short sale or deed in lieu for loan amounts of $1 million or less
  • 24 months of seasoning for Chapter 7 bankruptcy
  • Foreign nationals OK
  • Non-warrantable condos considered
  • 5/1 ARM available with IO option

See the full loan program guidelines here:
Glacier Investment Loan Program Guidelines

For more information, call the Newfi Wholesale team at 888-415-1620.

Check out our other wholesale loan products!

Biscayne Delegated Jumbo Now Includes Condos

Daniel Silver Jumbos, News, Products

Our Biscayne fully-delegated jumbo loan program is now open to condos!

What are the guidelines for condominiums?

  • No LLPA for condo property type
  • Full Condo Review Required
  • CC&Rs & Bylaws
  • Annual budget
  • E&O and Liability insurance minimum $1MM
  • Projects with litigation are ineligible
  • Minimum square footage 400
  • New projects ineligible
  • Low/Mid/High rise are eligible
  • Max LTV 85%. LTV > 80% requires 740 FICO
  • $2MM max loan amount

What’s special about the Biscayne Jumbo?

  • Fully delegated for fast closing — no investor-added conditions or timelines
  • Very aggressively priced
  • Qualify with RSUs

Read all about the Biscayne Delegated Jumbo Loan Program and get the latest guidelines.

For more information

Call your Account Manager, or reach out to the Newfi Wholesale team at 888-415-1620!

Check out our other wholesale loan products!

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We’re Updating Our Broker Portal!

Newfi Wholesale News

Newfi Wholesale is excited to announce that we will be releasing a significant update to our broker portal.

While the core functionality and terminology will remain mostly unchanged, you will benefit from the following enhancements:

  • Look and Feel Improvements.
  • The Status and Agents Page clearly lays out the path of the loan from the 3.2 file upload though closing. It also includes details on the current contacts for the loan, and allows the user to assign a loan officer or processor to the file.
  • The Rate Lock Page outlines the current terms of the lock and offers a link to download the lock confirmation.
  • The Disclosures Page provides details for the loan estimate and closings disclosures. It also includes important dates and details on any re-disclosures that have been sent to the borrower.
  • The Conditions Page displays any cleared or outstanding conditions with the option to upload and assign documents directly to the condition itself. You will still have the option of uploading a bulk set of conditions through E-Docs.

We are confident you will be happy with these updates and your Newfi team is here at 888-415-1620 to answer any questions.

For a user guide showing step-by-step instructions to these updates, please click here: Portal User Guide

As always, thank you for your continued business and support of Newfi Wholesale. We truly appreciate your partnership!

For more information

Call your Account Manager, or reach out to the Newfi Wholesale team at 888-415-1620.

Check out our Newfi Wholesale loan products!

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Self-Employed Borrowers? No Problem! We’ve Expanded Biscayne Delegated Jumbo Guidelines

Daniel Silver Jumbos, News, Products

Our Biscayne fully-delegated jumbo loan program is now open to both self-employed and W2 borrowers!

What’s considered a self-employed borrower?

Borrowers are considered self-employed when their ownership interest is 25% or higher.

What are the guidelines for self-employed borrowers?

  • Max DTI: 40%
  • Max LTV/CLTV: 80%
  • Max loan amount: $1.5 million
  • Max 1 business entity per borrower, 2 business entities per loan transaction (see our Yellowstone Jumbo for more complex situations)

What’s special about the Biscayne Jumbo?

  • Fully delegated for fast closing — no investor-added conditions or timelines
  • Very aggressively priced
  • Qualify with RSUs

Read all about the Biscayne Delegated Jumbo Loan Program and get the latest guidelines.

For more information

Call your Account Manager, or reach out to the Newfi Wholesale team at 888-415-1620!

Check out our other wholesale loan products!

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Improved Guidelines for Biscayne Delegated Jumbo

Daniel Silver Jumbos, Products

We’ve improved the guidelines for our Biscayne fully-delegated jumbo loan program!

What’s new for Biscayne Jumbo?

  • Higher loan amounts, up to $2.5 million!
  • Higher LTVs:
    • 90% LTV purchase
    • 85% LTV rate & term
    • 80% LTV cash out (with cash out up to $350,000)
  • Lower minimum credit scores:
    • 680 for purchase and R/T
    • 700 for cash out

Read all about the Biscayne Delegated Jumbo Loan Program and get the latest guidelines.

For more information

Call your Account Manager, or reach out to the Newfi Wholesale team at 888-415-1620!

Check out our other wholesale loan products!

Three Ways to Great Jumbo Loans

Newfi Wholesale Jumbos, Products, Why We're Great

Newfi Wholesale gives you 3 great jumbo loan options for all kinds of borrowers!

1) For a Fast Close: the Biscayne Delegated Jumbo

  • Close quickly
  • Loans up to $2.5 million
  • Fixed rate or ARM (interest only available on ARMs)
  • Up to 90% LTV for Purchase
  • Up to 80% LTV for Rate & Term
  • Up to 75% LTV for Cash Out
  • Fully delegated: no investor-added conditions or timelines
  • Learn more about the Biscayne Jumbo

95% LTV Wholesale Mortgages

Click Here for a PDF of the “3 Ways to Jumbo” Flyer

2) For Flexible Terms: the Denali Non-QM Jumbo

  • Loans up to $1.5 million and 95% LTV, no MI
  • 40 year fixed rate mortgage with 10 year interest-only available
  • Unlimited financed properties for LTV of 70% or below
  • Up to 50% DTI
  • Shorter seasoning requirements from major credit events
  • Credit scores as low as 600 at reduced LTVs
  • NOO up to 85% LTV, no MI
  • Learn more about Denali Non-QM

3) For Investors: the Glacier Investment Non-QM

  • Loans up to $2 million
  • “One day” seasoning for foreclosure, short sale, or deed in lieu for up to $1 million
  • 24 month seasoning for Chapter 7 bankruptcy
  • Up to 80% LTV (75% LTV for cash out)
  • Credit scores as low as 620
  • 12 months of personal bank statements for self-employed OK
  • No maximum number of financed properties
  • Foreign nationals OK
  • 30 year fixed & 5/1 ARM (interest only available for ARM)
  • Learn more about Glacier Investment

For more information

Call your Regional Account Manager or call the Newfi Wholesale team at 888‑415‑1620!

Check out our other wholesale loan products!