Newfi Wholesale opens in Utah

Daniel Silver New States, News

Wholesale Mortgage Lender UtahNewfi Wholesale is now operating in Utah!

We’re proud to now be licensed for wholesale mortgage lending operations in Utah. Our Regional Account Manager for the state is Shayne Nielson.

You can reach him at:

Shayne Nielson
Regional Account Manager
Telephone: (801) 710 6110
Email: snielson@newfi.com
LinkedIn

See the press release.

And see our other wholesale loan products…

NEW! Biscayne Delegated Jumbo Mortgage

Daniel Silver News, Products

Our new Biscayne fully-delegated jumbo loan program means faster underwriting and faster closing!

What’s exciting about the Biscayne Jumbo?

  • Need a 25-day close on a Jumbo? We can provide it!
  • We handle all the underwriting!

Product highlights

  • Borrow up to $1.5 million
  • 80% LTV Purchase and R/T
  • 75% LTV cash out (with cash out up to $350,000)
  • Fixed rate or ARM
  • Minimum credit scores:
    • 700 FICO for fixed rate
    • 720 FICO for ARM
  • Wage earner borrowers only
  • Fully delegated: no investor-added conditions or timelines

Who is this product best for?

  • Salaried/wage-earning borrowers with excellent credit and job stability
  • Borrowers requiring 30-day escrow on a jumbo up to $1.5 million
  • Borrowers with Restricted Stock Units (RSUs) and the desire to use RSUs as monthly income

How does Biscayne compare to Newfi Wholesale’s other jumbo products?

  • The Yellowstone Jumbo is a standard jumbo with even higher loan amounts, up to $2 million. Because this product is non-delegated, however, closing may take longer than 30 days. Read more about Yellowstone Jumbo
  • The Denali Jumbo is a non-QM product allowing higher LTVs than Biscayne, up to 95%. For those who don’t require the higher LTV, Biscayne’s jumbo rates are typically lower. Read more about Denali Jumbo

For more information

See the latest product guidelines, or call the Newfi Wholesale team at 888-415-1620!

Check out our other wholesale loan products!

NEW Customizable Flyers for Mortgage Brokers

Daniel Silver Marketing, News

We’re pleased to announce that we now have customizable flyers for mortgage brokers and other partners to use to market Newfi Wholesale products without the distraction of Newfi Wholesale branding!

The flyers are in a Microsoft Powerpoint format, to make it easier for brokers to edit language, add disclaimers, add pictures, or anything else you can image.

How to edit the files

To edit these files, you must save them to your computer first:

  • Right click the individual file you want
  • Select “Save As”, and save the file to an appropriate directory on your computer
  • Open Powerpoint and open the file you want to edit
  • If required, press the “Enable Editing” button to allow you to edit the file
  • Edit the document as you wish
  • Save the document. You’re done!

Brokers will need to provide their own disclaimers as appropriate for the legal and regulatory requirements of their individual businesses.

Files for download

We have flyers for:

For more information

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

Newfi Wholesale Appoints New Regional Account Managers

Daniel Silver News, People

Today we’re announcing that we have added six new account managers in California, Colorado, Florida and Utah.

The new hires include:

  • Greg Vaughn – Regional Account Manager, Northern California
  • Lisa Morris – Regional Account Manager, San Diego, California Region
  • Ryan Melideo – Regional Account Manager, Southern California
  • Shayne Nielson – Regional Account Manager, Colorado & Utah
  • John Farrell – Regional Account Manager, Florida
  • Debbie Koehler – Regional Account Manager, Florida
We look forward to serving you with this great new team! See the press release.

NEW! 95% CLTV Piggyback

Daniel Silver Products, Why We're Great

Borrowers who use Newfi Wholesale’s 95% CLTV Piggyback can obtain jumbo loan amounts with an even lower down payment — while still getting agency pricing.

What’s exciting about the 95% CLTV Piggyback?

  • Only 5% down payment required from borrower!
  • Avoid mortgage insurance!
  • Obtain agency pricing on your first mortgage!

Product highlights

  • Purchase only
  • Overlays to FNMA DU:
    • 40% Maximum DTI
    • 740 Minimum Credit Score
  • 6 months PITIA reserves required (principal, interest, taxes, insurance, and association dues)
    • Payment shock provision for first time home buyers: proposed PITIA payment cannot exceed 150% of current housing (rent) expense
  • 1st Mortgage Standard or High Balance Conforming*
  • 2nd Loan Amounts: $25,000 – $250,000
  • 1st Mortgage Terms Offered:
    • Fixed: 10, 15, 20, 30 Years
    • ARMs: 5/1 And 7/1
  • 2nd Mortgage Terms Offered: 15 or 30 Years
  • Primary Residence Only
  • Fully Delegated, and both loans underwritten concurrently

* High balance conforming in major metropolitan counties only

For more information

See our program guidelines and our flyer, or call the Newfi Wholesale team at 888-415-1620!

Check out our other wholesale loan products!

Blustream is now Newfi Wholesale

Newfi Wholesale News

As of May 11th, 2017, Blustream Lending will become Newfi Wholesale!

Cool new name, same great company!

  • Same price leadership
  • Same innovative products
  • Same dedicated support

Why the name change?

Newfi reflects our commitment to provide a newer and better lending experience and aligns our brand with our position as a market leader and product innovator.

We’ll see you soon here — and on LoanSifter — as: Newfi Wholesale!

To learn more, contact Newfi Wholesale Support at 888-415-1620.

Newfi Wholesale now offering 25-day closings

Daniel Silver News, Why We're Great

We now offer closings for conforming purchases within 25 days or less!

This includes our famous 1st/2nd combo piggyback product as well!

Here are the requirements:

  • Conforming or high-balance agency loans only
  • The 25 days is measured from date of complete credit file upload
  • Complete credit file must be received upon submission
  • Blustream to issue LE on the same day if the request is received by 11:00am PT
  • Appraisal must be ordered within 24 hrs of Blustream receiving the signed initial disclosures
  • All UW PTDs to be received within 15 calendar days of credit file

To learn more about our 25-day closing policy, contact Newfi Wholesale Support at 888-415-1620.

Debbie Ingle Joins Newfi Wholesale as Senior Vice President

Newfi Wholesale News, People

We’re excited to welcome Debbie Ingle as our new Senior Vice President of Wholesale Mortgage Lending!

Debbie has been in the mortgage business for over 30 years, and she has a unique background combining both wholesale and retail mortgage, as well as operations and production management.

Before joining Newfi Wholesale, Debbie was the Executive Director of Mortgage and Real Estate at Alaska USA Federal Credit Union. She was also President of Alaska USA Mortgage Company and Alaska USA Title Agency.

Debbie previously worked for 13 years at GreenPoint Mortgage, working with Steve Abreu, the current CEO of Nexera Holding LLC. At GreenPoint Debbie was a Division Manager responsible for the largest and most profitable region in the company.

Debbie told us about her three fundamental beliefs for success:

  1. “Do the right thing, even when nobody is watching.”
  2. “Our greatest asset is our team.”
  3. “Together we can achieve more than what we dreamed was possible.”

At Newfi Wholesale, Debbie is hiring industry veterans throughout the US that share our passion for simplicity, transparency and that personal touch that makes the difference to our partners.

Welcome aboard, Debbie!

Newfi Wholesale opens in Pennsylvania

Daniel Silver New States, News, People

Newfi Wholesale is now operating in Pennsylvania!

We’re proud to now be licensed for wholesale mortgage lending operations in Pennsylvania. Our Regional Account Manager for the state is Debbie Koehler.

You can reach her at:

Debbie Koehler
Regional Account Manager
Telephone: (561) 512-1212
Email: dkoehler@newfi.com
LinkedIn

And see our other wholesale loan products…

NEW! Denali Jumbo & Non-QM Mortgage Loans

Newfi Wholesale News, Products

We’re excited to announce another new non-QM loan program: Denali!

The Denali Non-QM loan program offers better rates and higher LTVs than many competing non-QM programs. Plus you can access jumbo amounts with no mortgage insurance.

Denali Jumbo & Non-QM Loan Flyer

Click Here for a PDF of the Commercial Loan Flyer

Here are some highlights:

  • 95% LTV up to $1.5 million with no MI
  • 40-year fixed rate mortgage with 10 year IO (max 43% DTI)
  • NOO Purch, R&T and Cash Out to 85% LTV, no MI
  • Unlimited cash out to 95% LTV
  • Unlimited financed properties for LTV of 70% or below
  • Expanded DTI up to 50%
  • Shorter seasoning requirement from major credit events
  • Credit score as low as 600

Who is this loan product for?

Denali is ideal for clients who can fully document their income and who want to:

  • Unlock the equity in their investment properties;
  • Borrow despite recent credit events like bankruptcy, foreclosure, or short sale; or
  • Manage monthly mortgage payments with an interest-only option.

How does Denali compare to our Glacier Flex Non-QM program?

Denali is a full-doc program, allowing for higher LTVs and better pricing. Glacier Flex is an alt-doc program that makes it easier for borrowers to qualify. Read more about Glacier Flex (for homeowners) and Glacier Low-Doc Investment (for investors).

How does Denali compare to our Yellowstone Jumbo program?

Denali is a non-QM jumbo program that permits higher LTVs (up to 95%!) and also provides an option for a 40-year terms with a 10-year, interest-only options. Yellowstone is a standard jumbo product providing our most competitive rates for loan amounts up to $2 million. Read more about the Yellowstone Jumbo Loan Program.

For more information

See our program guidelines, or call the Newfi Wholesale team at 888-415-1620!

And see our other wholesale loan products…