Newfi Wholesale Offers 21 Day Closing

Daniel Silver News, Why We're Great

We now offer closings within 21 days!

If you thought 25 days was fast, we’re now doing 21 days closings on:

Here are the requirements:

  • The 21 days is measured from date of complete credit file upload
  • Complete credit file must be received upon submission
  • LE to be requested on the same day loan application is received
  • Appraisal must be ordered within 24 hrs of Newfi Wholesale receiving the signed initial disclosures

Some restrictions apply. To learn more about our 21-day or 25-day closing, contact Newfi Wholesale Support at 888-415-1620 or your Account Manager.

Newfi Wholesale Closed on July 4th

Daniel Silver Uncategorized

Newfi Wholesale will be closed on Tuesday, July 4th, 2017, in observance of the Independence Day holiday.

No locks will be accepted on July 4th.

Have a safe and fun 4th of July!

Three Ways to 95% CLTV

Daniel Silver Products, Why We're Great

Newfi Wholesale gives you 3 great ways to help your borrowers reach 95% CLTV!

Option 1) Denali Non-QM & Jumbo

  • 95% LTV up to $1.5 million with no MI
  • 40-year fixed including a 10 year interest-only period
  • See details

95% LTV Wholesale Mortgages

Click Here for a PDF of the “3 Ways to 95% CLTV” Flyer

Option 2) Olympic 1st/2nd Piggyback Combo

  • 95% CLTV
  • High-balance conforming first
  • $250K fixed rate second
  • See details

Option 3) Fannie Mae or Freddie Mac Conforming

  • 95% LTV
  • Conforming and high balance
  • Borrower-paid or lender-paid MI
  • DU or LP

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!

Join the Royal Blu Club Incentive Program

Daniel Silver News, Why We're Great

Newfi Wholesale is now making it easier to qualify for our 10 bps Royal Blu pricing incentive!

To reward our most loyal customers, we created the Royal Blu Club, which rewards you with a 10 bps pricing enhancement on all first mortgage loan products.

Now we’ve made it easier than ever to qualify. Here’s all you have to do:

  1. Submit 9 loans in the prior 3 months (a piggyback is considered to be a single loan)
  2. Deliver on 80% of your loans that you lock during that same 3 month period

And that’s it!

Now, we don’t want you to miss out on 10 bps. So if you are not yet a member of the Royal Blu Club, please talk with your Account Manager so they can assist you in qualifying for enhanced pricing. Your account manager can provide you with monthly statistics on how you are tracking to help you qualify — and to stay a club member going forward!

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 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 21-day close on a jumbo loan? 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 21-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 our other jumbos?

  • The Yellowstone Jumbo is a standard jumbo with even higher loan amounts, up to $2 million. Because this product is non-delegated, closing will take longer than 21 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 any kind of 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 imagine.

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.