Quontic

NMP Magazine
Non-QM

As a mission-driven CDFI, Quontic Bank is one of the fastest growing national Non-QM lenders in the country. Our unique Community Development Loan programs help historically excluded borrowers look beyond income documentation to help make homeownership dreams a reality.

 

As a CDFI, Quontic is exempt from Dodd Frank’s ATR requirements. This enables us to offer our unique Owner Occupied - No Ratio (no income stated & no DTI calculated) and Lite Doc (borrower prepared P&L) loans to credit-worthy borrowers. These programs are ideal for those seeking expedited loan approval or who do not qualify for other lenders’ bank-statement program guidelines. We also offer our Lite Doc program for investment properties where the DSCR is < 1:1.

 

If speed to closing is important, Quontic also offers a Fast Track underwriting process which enables you to close loans quickly and easily. By submitting a complete loan file, your applications will be pushed to the head of the queue where initial underwriting, condition review, and credit clearance each typically occur within 24 hours of submission.

 

Get started growing your business with Quontic Wholesale.

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