First NLC starts correspondent lending divisionmortgagepress.comoperations center, expansion, non-prime, alt-A
First NLC Financial Services LLC has opened its new, fully
operational correspondent lending division, including an operations
center to serve as the division's headquarters in Overland Park,
Kan. Joining First NLC in Overland Park are Ed C. Waller as senior
vice president/managing director, Kevin Dains as vice
president/national operations manager, and Robert F. Miller as vice
president/national sales manager.
The correspondent division will buy non-prime and alt-A flow and
bulk transactions up to $15 million in size. In addition to
standard nonprime products, the channel will feature interest-only,
stated income and alternative documentation options. The division
will also offer high loan-to-value products for a range of credit
scores and document type. An array of purchase-money options will
also be available.
Based in Deerfield Beach, Fla., First NLC Financial Services LLC
is a nonprime mortgage originator. For more information, call (800)
950-3314 or visit www.firstnlc.com.