Wendy Licis has joined NewFi Lending as Divisional Vice President. Wendy is focused on growing wholesale and non-delegated production. Licis is a senior executive with 30 years of mortgage lending experience spanning all channels; most recently she lead successful teams at Suntrust, Primary Capital and Ditech. Licis is uniquely positioned to expand Newfi’s footprint. “We are excited to have Wendy …
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 …
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 …
Many borrowers have seen strong equity growth on their non-owner properties. Newfi’s Sequoia Portfolio Plus is a great program for borrowers to take a cash-out refi to get equity out of investment properties. This product line is extremely flexible, and with current equity positions possibly at their peak, now is a great time for borrowers to consider this program. Since the Sequoia …
Newfi continues to innovate for self-employed borrowers. With our Sequoia Portfolio Plus and Expanded programs you have two different options for calculating the net qualifying income from your borrowers business bank statements: Fixed Expense Ratio – This is the quickest and easiest calculation. Simply add up the total business deposits and apply a fixed expense ratio, based on the type and size of …
