LenderSelect Announces Three New Loan Programs – NMP Skip to main content

LenderSelect Announces Three New Loan Programs

NationalMortgageProfessional.com
Oct 17, 2018
LenderSelect Mortgage Group has announced that Patrick Polson has joined the company as a transaction coordinator

LenderSelect Mortgage Group has announced their community lending teammates will now be able to offer three new loan programs to market to homebuyers: Two-Time Construction to Permanent, HomeOne and the MH Advantage Loan Programs.
 
The Two-Time Construction to Permanent allows community lenders to participate with a managed process using funds from their financial institution allowing borrowers to go through the construction phase and into a permanent mortgage after the home is built. The HomeOne loan program was designed to ease the challenges around saving for a downpayment. The MH Advantage loan program creates increased flexibility in manufactured home purchases by allowing higher loan-to-value (LTV) ratios and removing the requirement for additional mortgage insurance.
 
“With the addition of these three new loan options, our community lending teammates have the ability to be even more competitive in this purchase environment,” said Tracy Marks, LenderSelect President. “The year 2019 will be predominantly purchase-driven, so it is critical for community financial institutions to offer a variety of loan programs to meet the needs of every homebuyer.”

 
Published
Oct 17, 2018
Redfin 2Q Revenues Up, Profits Down

Company officials said that in the third quarter they expect total revenue between $590 million and $627 million.

Industry News
Aug 05, 2022
Mutual of Omaha Mortgage Announces Wholesale Division

Loans available through its own platform and in partnership with ReadyPrice, LenderPrice, and Loansifter.

Industry News
Aug 05, 2022
MISMO Seeks Public Comment On 3 eMortgage Resources

Updates proposed to MISMO Business Glossary, eMortgage Glossary, and eModification Reference Flyer.

Regulation and Compliance
Aug 05, 2022
Deal With Opendoor Allows Zillow Back Into iBuying Business

As it releases rough 2Q earnings report, Zillow announces partnership with former rival.

Tech
Aug 04, 2022
Rocket Companies' Earnings Plunge 94% In 2Q

Mortgage originations fell 59% year over year, while rate lock volume fell 65%.

Industry News
Aug 04, 2022
Remembering Steven Schnall, Quontic Bank CEO

Schnall died in a motorcycle accident while on his way back from a biking trip to Canada. 

Industry News
Aug 04, 2022