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United Wholesale Mortgage Launches New Non-QM Jumbo Product

NationalMortgageProfessional.com
Apr 14, 2014
United Wholesale Mortgage (UWM) announced that it launched a new program called "Big & Easy Plus," which is design for non-QM Jumbo loans

United Wholesale Mortgage (UWM) announced that it launched a new program called "Big & Easy Plus," which is design for non-QM Jumbo loans.

“There are a lot of borrowers that currently do not fit into the QM category,” says Mat Ishbia, CEO and president of UWM. “Our Big & Easy Plus program gives UWM clients the flexibility to originate a ‘make sense’ loan for Jumbo borrowers with higher DTIs, helping expand their pipelines.”

Program highlights include:

►DTI range of 43.01 - 49.00 percent
►Loan amounts from $417,001 - $1,500,000
►740+ FICOs
►LTVs as high as 75 percent UWM’s originators can log into its broker portal, EASE (Easiest Application System Ever), to review the full set of guidelines and parameters.

The program can also be accessed by UWM’s recently rolled out mobile application for Apple and Android Devices.

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