Parkside Lending Expands Its Jumbo Loan Program – NMP Skip to main content

Parkside Lending Expands Its Jumbo Loan Program

NationalMortgageProfessional.com
Feb 13, 2017
Parkside Lending LLC has announced the expansion of its jumbo loan program and is now offering jumbo mortgages (fixed rates or ARM options) with LTVs as high as 95 percent with or without mortgage insurance (MI)

Parkside Lending LLC has announced the expansion of its jumbo loan program and is now offering jumbo mortgages (fixed rates or ARM options) with LTVs as high as 95 percent with or without mortgage insurance (MI).
 
Unlike other jumbo programs that feature high LTV with MI, Parkside Lending’s new Jumbo III offers both lender-paid and borrower-paid MI options. Borrower-paid MI allows the borrower to take advantage of less expensive mortgage insurance and does not stay on for the full life of the loan.
 
Parkside Lending provides four Jumbo products (Jumbo I, Jumbo III, Expanded Jumbo and Premier Jumbo), with robust guidelines and aggressive pricing.
 
“As a wholesale lender that doesn’t have a retail channel, our number one goal is to provide mortgage professionals with a suite of products for their borrowers’ varying circumstances,” said Clint Rosenthal, executive vice president of Sales for Parkside Lending. “There are creditworthy borrowers that are underserved in the jumbo market; therefore, we continue to enhance our jumbo offering to meet the range of needs in the marketplace.”
Published
Feb 13, 2017
Bankruptcy Court Judge OKs Financing For FGMC

Financing package will allow FGMC to continue to fund loans in its pipeline.

Industry News
Jul 05, 2022
Opteon Acquires Northeastern Appraisal Associates

This is the fourth acquisition Opteon has made in the last 12 months. 

Industry News
Jul 04, 2022
Lenders Complain FGMC Is 'Radio Silent' On Loans

Company said it would stop purchasing new loans in the wake of its mass layoff last week; seeking court-approved financing.

Industry News
Jun 30, 2022
AnnieMac Home Mortgage Acquires OVM Financial

Wants to expand its outreach into the Mid-Atlantic region.

Industry News
Jun 30, 2022
Ready Life Launches Black-Owned Fintech To Help Underserved Borrowers

Ready Life, led by two Black entrepreneurs, is taking aim at the racial wealth gap by starting a mortgage fintech.

Industry News
Jun 30, 2022
FGMC Files For Chapter 11 Bankruptcy Protection

FGMC notified laid-off 471 employees late Tuesday night that it would pay severance.

Industry News
Jun 30, 2022