Skip to main content

REMN Wholesale to Offer Fannie Mae 97 Percent LTV Loans and New Incentives

Jan 15, 2015

REMN Wholesale has announced that it will begin offering loans under the Fannie Mae 97 percent LTV program. In line with REMN Wholesale’s commitment to quality in the modern housing industry, these loans will allow mortgage brokers a very relevant option as they broaden their ability to source products for responsible buyers by offering a very affordable downpayment scenario. Offering Fannie Mae 97 percent LTV mortgages is a natural step for REMN in providing brokers with the best tools and resources to see success in the current housing landscape.

REMN Wholesale has teams of account executives strategically located across the country, management hubs on both coasts and a dedicated help desk team. In addition to being one of the leaders in renovation lending, the company received numerous industry accolades in 2014 as a result of its commitment to providing the ideal broker experience.

“REMN Wholesale’s overall mission is to make the mortgage experience as easy as possible for qualified borrowers every step of the way. In addition to offering the best possible mortgage products, it’s incredibly important that the brokers are supported by a team committed to helping ensure the best possible experience for everyone involved,” said Carl Markman, director of national sales for REMN Wholesale. “We’re offering the Fannie Mae product at just three percent down because we’ve seen before that there are creditworthy borrowers out there who are more than capable of making their mortgage payments, but haven’t had the time yet to accrue the necessary down payment to get the process started.”

REMN Wholesale has also announced multiple pricing specials in January, including 0.625 for VA fixed rate high balance submissions over 720 FICO, 0.375 for VA fixed rate for conforming submissions in select states and 0.25 for all conventional submissions over $200,000 with a 720-739 FICO score, in addition to many others.

About the author
Published
Jan 15, 2015
Co-Founder Mat Grella Terminated From NEXA

NEXA CEO Kortas states negotiations regarding the buyout will continue.

Mar 27, 2024
Comings And Goings At AmeriHome

Chief Operating Officer John Hedlund announced his retirement on Thursday in a LinkedIn post.

Mar 22, 2024
Rocket's Tim Birkmeier To Retire

Birkmeier is bidding farewell after a 28-year career at Rocket Companies.

Mar 21, 2024
How NAR’s Settlement Impacts Homebuying

While the settlement's silver lining is that homes are expected to become more affordable, many uncertainties loom over the housing market.

Mar 19, 2024
NAR Reaches $418 Million Settlement

The association agreed to give home sellers the option of compensating agents.

Mar 15, 2024
U.S. Non-Bank Mortgage Lenders Surge Amid Industry Consolidation, Fitch Ratings Reports

As smaller players exit the market, scaled originators like UWM and PennyMac Financial dominate, but challenges persist with low origination volume and pressured margins amidst rising interest rates.

Mar 14, 2024