We’ll be at FAMP 2017 Orlando!

Daniel Silver News

Newfi Wholesale is coming to Orlando, Florida!

We are excited to tell you that we will be attending the 2017 Florida Association of Mortgage Professionals’ annual convention and trade show! The convention will be held in ChampionsGate outside of Orlando, Florida from August 9th to 12th.

You can meet the Newfi Wholesale team at the trade show on Thursday, August 10th from 2pm to 7pm. We’ll be at Booth #614 in the National Ballroom at the Omni Orlando Resort.

John Farrell and Debbie Koehler will be there! We’re excited to meet with you and share what we have to offer.

Register here if you want to attend!

See you there!

We’ll be at CAMP 2017 San Diego!

Daniel Silver News

Newfi Wholesale is coming to San Diego August 7-8!

We are excited to tell you that we will be at the California Association of Mortgage Professionals’ annual Summer CAMP 2017: Destination Coronado!

Summer CAMP 2017 will be held from Monday August 7th to Tuesday, August 8th at the beautiful Coronado Island Marriott Resort and Spa.

Come and visit the Newfi Wholesale team at Booth #D10! Lisa Morris and David Johnston will be there. We cannot wait to meet with you and share all that we have to offer.

Register here using discount code CAMP25 to receive $25 off your registration.

See you there!

Newfi Lending Reaches $1 Billion in Mortgage Originations

Daniel Silver News, Why We're Great

We’re very proud to announce than Newfi Lending has now originated over $1 billion in loan volume!

Our company reached this milestone just 24 months after we launched lending operations in April 2015. The $1 billion is a combined result of our wholesale and direct-to-consumer lending operations.

Newfi Lending now conducts wholesale lending in 9 states: Arizona, California, Colorado, Florida, Oregon, Pennsylvania, New Jersey, Utah, and Washington. We have received licensing approval for 16 states and we plan to operate in over 20 states by the end of 2017.

See our full press release.

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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…

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!

Biscayne Delegated Jumbo Loan Flyer

Click Here for a PDF of the Biscayne Loan Flyer

Product highlights

  • Borrow up to $2.5 million
  • Maximum LTVs:
    • 90% LTV purchase
    • 85% LTV rate & term
    • 80% LTV cash out (with cash out up to $350,000)
  • Fixed rate or ARM
  • Minimum credit scores:
    • 680 for purchase and R/T
    • 700 for cash out
    • If there are multiple borrowers, the lowest middle score is used
  • Wage earner & self-employed borrowers OK
  • Fully delegated: no investor-added conditions or timelines

Who is this product best for?

  • Borrowers (both wage-earning and self-employed) with excellent credit and job stability
  • Borrowers requiring quick escrow on a jumbo up to $2.5 million
  • Borrowers with Restricted Stock Units (RSUs) and the desire to use RSUs as monthly income

For more information about the Biscayne Delegated Jumbo

See the latest product guidelines, call your Account Manager, or reach out to the Newfi Wholesale team at 888-415-1620!

How does Biscayne compare to our other jumbos?

  • 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
  • The Glacier Investment Low-Doc is a non-QM product for real estate investors allowing bank statement qualifications and loan amounts up to $1.5 million. Read more about Glacier Investment Low-Doc

To compare our various jumbos, see our article: Three Ways to Great Jumbo Loans.

Check out our other wholesale loan products!

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!