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!

Look at these features:

  • Loan amounts up to $2,000,000
  • 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 or 24 month 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
  • Up to 90% LTV for Purchase
  • Up to 85% LTV for Rate & Term
  • Up to 80% 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 Self-Employed Investors: the Glacier Investment Non-QM

  • Business or personal bank statement options available
  • Credit Grade A : 24 month seasoning for bankruptcy. Up to $2 million loan amount
  • Credit Grade A- : No seasoning required for foreclosure, short sale, or deed in lieu (must be settled). 24 month seasoning on
    bankruptcy. Up to $1 million loan amount
  • 5/1 ARM with interest only option or 30 year fixed rate
  • DTI up to 50%
  • Bank statement programs also available for owner occupied and second homes
  • 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!

Newfi Wholesale becomes FHA Approved Lender

Daniel Silver News

Newfi Wholesale is now an FHA-approved lender!

In our quest to provide brokers with the products they need, Nexera Holding LLC dba Newfi Wholesale is now an approved FHA lender, with all underwriting completed by one of our Direct Endorsement Underwriters!

Check out our low pricing on LoanSifter!

Call your Account Manager or contact Newfi Wholesale Support at 888-415-1620 for details on:

  • FHA Streamline Refinance
  • FHA High Balance
  • FHA Fixed Rate
  • FHA Adjustable Rate

 

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Newfi Wholesale Makes Major Technology Investment

Daniel Silver News

Today we announced that Newfi has partnered with Tavant Technologies to accelerate the development of our digital platforms, including our next-generation broker portal. Tavant has deep experience in the mortgage domain, and we’re excited to leverage their expertise as we continue with our rapid growth.

What will this mean for mortgage brokers like you?

  • Superior pricing engine delivering immediate results across our diverse product mix
  • Streamlined and intuitive loan submission process
  • Faster document processing & management
  • Real-time pipeline visibility and management tools
  • Seamless communication with the Newfi team
  • More efficient loan processing and shorter closing timelines
We are here to help you grow your business and we will keep you posted on our progress!

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Newfi Wholesale Closed on Labor Day

Daniel Silver Holidays

Newfi Wholesale will be closed on Monday, September 4th, 2017, in observance of the Labor Day holiday.

No locks will be accepted on September 4th.

Have a fun and labor-free Labor Day weekend!