DealDesk: Focus on Brokers Advantage Mortgage’s Non-QM Closed End Second
National Mortgage Professional Magazine hosted a recent DealDesk featuring Brokers Advantage Mortgage, focused on Non-QM Closed-End Seconds for Brokers. This interactive forum brought together mortgage brokers and loan officers to discuss real deals and scenarios, offering both valuable insights and actionable opportunities.
In this session, we were joined once again by Bill Ashmore, Founder and CEO of Vista Point Financial Holdings, LLC, Vista Point Mortgage, and DBA Brokers Advantage Mortgage (BAM), as we revisited the massive $32 trillion home equity opportunity. The conversation explored how Mortgage Brokers and Loan Officers can unlock this potential using BAM’s Non-QM Closed-End Second Mortgage product.
This innovative CES product helps homeowners access their equity without disrupting their low-rate first mortgage, an powerful tool in today’s rate environment. With flexible guidelines, generous CLTVs, and alternative income documentation options, it’s an ideal solution for brokers working with owner-occupied borrowers who fall outside traditional agency guidelines.
Bill Ashmore and Pete Lunetto, VP of Credit/Underwriting at Brokers Advantage Mortgage, shared key highlights from the program, including:
- Accessing up to $750,000 in loan proceeds, with combined loan amounts up to $5 million using CES
- Flexible income documentation options: Full Doc, Bank Statement, 1099, P&L, and now DSCR
- Max CLTVs up to 90% for owner-occupied properties
- Understanding blended rates and their role in equity origination strategy
- How to incorporate CES into your equity origination plan
- Lead-sourcing strategies for CES borrowers
Watch the replay to hear real-world insights and discover how the CES program from BAM can expand your toolbox for serving today’s equity-rich borrowers.
