Having Trouble Qualifying Self-Employed Borrower?

Newfi Wholesale Products

Tired of saying No? Newfi’s own Sequoia Portfolio Plus will help you say YES! Call your turndowns and tell them you have the loan program that could let them close now! Sequoia will let you CHECK all the boxes. One-year income for self-employed and W-2 – Check! Personal and Business banks statement loans that really close – Check! Simple Asset …

Newfi Wishes You Happy Fourth of July

Newfi Wholesale Holidays

Newfi Wholesale will be closed for Fourth of July, but information on our product options is still just a click away. Our website’s scenario submission feature is a great way to get answers. It’s a simple one-page webform, and even gives you space to request exceptions, or upload supporting documents. So tomorrow, as you’re standing over the grill enjoying time …

No Minimum Tradeline Requirement with Newfi’s Portfolio Plus

Newfi Wholesale Products

Have you ever had that perfect Jumbo client? Great scores, plenty of equity or down payment and good income, but they just don’t meet the minimum trade line requirements for most Jumbo loans? We’ve had that borrower too, and our Sequoia Portfolio Plus is the solution! Must have 3 credit scores Owner Occupied properties only 0 x 30 on 24-month …

Sequoia Portfolio Plus: 1 Year Income Verification For Self Employed Borrowers

Newfi Wholesale Jumbos, Products

Newfi Wholesale’s Sequoia Portfolio Plus allows you to use one year of income documentation for self-employed or salaried W2 borrowers. Here are some other highlights of Newfi’s recent guideline expansions: Loan amounts up to $2.5 million for Owner; $2 million for NOO and 2nd Home Income calculation can use asset depletion funds from checking, savings stocks, bonds, mutual funds, retirement …

Newfi’s Sequoia Expansion – It’s a Big Deal

Newfi Wholesale Jumbos, Products

Newfi Wholesale has expanded its guidelines for Sequoia Portfolio Plus, making it easier than ever to qualify more Jumbo borrowers. Here are some of the features of our guideline expansions: One year income documentation OK for Self-Employed and basic W-2 No minimum trade line requirement with 3 credit scores, LTV < 75% and 24 month housing payment history. LTV increased …

Make Sense Lending is Back

Newfi Wholesale Products

Newfi Wholesale works hard to make sure we have the solutions that fit your needs: Sequoia Portfolio Plus offers flexible in-house exceptions and only 4 years seasoning on BK and foreclosure. 95% CLTV Purchase with our Olympic Piggyback – down payment can come from all gift funds. Biscayne Jumbo is your pick for loans up to $3 million. Fully delegated …

Ask Newfi About In-House Exceptions for Jumbos

Newfi Wholesale Jumbos, Products

You asked and we listened. Newfi makes it easy to request in-house exceptions for jumbo loan amounts. Submit your exception request here. Typical exception requests on the Sequoia Portfolio Plus include: Credit Score Max Cash Out Credit History Payment Shock Non-Warrantable Condo DTI Loan Amount And don’t forget, besides the in-house exceptions on our Portfolio Plus, we offer a Fixed …

Newfi Wholesale Hits Target with Near-Miss Jumbos

Newfi Wholesale Jumbos

It can be frustrating when one or two guidelines block a perfect borrower from qualifying for a perfect jumbo loan. We call those Near-Miss Jumbos. And they’re why we created Sequoia Portfolio Plus – so more of those jumbos can find a fit. With Sequoia, we make all credit decisions and exceptions, which means flexible qualification and faster credit decisions. …

Newfi Wholesale’s Scenario Submission Simplifies and Streamlines

Newfi Wholesale Non-QM, Products, Why We're Great

Newfi Wholesale’s Submit a Scenario feature is a simple and fast way to to find the best product fit for your borrowers. Conveniently located at the top of our website, Submit a Scenario guides you through a webform to collect basic information about your unique loan. Along with the regular data fields, there is space to share compensating factors, and …

Top 10 Reasons to Send Your Tough Loans to Newfi Wholesale

Newfi Wholesale Non-QM, Why We're Great

Do you have a loan that’s tough to get approved? Send your loan to Newfi Wholesale, where we have a plethora of non-QM programs to help you get your loan closed: Interest Only. Fixed rate, 40-year loans with the first 10 years making interest only payments, and then 30 years of full PITI Pre-approvals to ensure your borrowers are well …