Uniform Residential Loan Applications Delayed and Will Not Begin July 1, 2019

At the direction of the Federal Housing Finance Agency (FHFA), Fannie Mae and Freddie Mac (the government-sponsored enterprises, or GSEs) are communicating that the optional use period for the redesigned Uniform Residential Loan Application (URLA) form and corresponding datasets will not begin on July 1, 2019 as previously scheduled.

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Verus Mortgage Capital Launches Loan Scenario Tool

Washington, D.C. – October 16, 2020 – Verus Mortgage Capital (VMC), a full-service correspondent investor offering residential non-QM and investor rental programs, has launched a new loan scenario tool on its website, www.verusmc.com. The scenario tool allows mortgage lenders to enter information including their borrower’s credit score, LTV, loan amount, property type and more. AllRead More

Verus Mortgage Capital New Prime Jumbo Program

Washington, D.C. – September 22, 2020 – Verus Mortgage Capital (VMC), a full-service correspondent investor offering residential non-QM and investor rental programs, has just introduced its new Prime Jumbo Program that offers low rates for high-valued homes where loan balances exceed agency limits. VMC’s Prime Jumbo Program’s features include loan amounts up to $3 million,Read More

How to respond to conditions

This short video will review how to respond to conditions pre and post close.

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