Important COVID-19 update from Verus

In light of continued market fluctuation due to the COVID-19 pandemic and the impact it has had on the global economy, effective immediately VMC is suspending all lock and funding activity until further notice.

In addition, please note the following:

  • the purchase of any mortgage loan and the final pricing for any mortgage loan offered will be subject to Verus approval;
  • decisioning of newly received or pending standard pre-close and non-delegated reviews are hereby being placed on hold; and
  • existing standard pre-close, non-delegated approvals and all pending and approved exceptions are hereby being placed on hold.

Please reach out to your Verus sales representative with any additional questions.  We will continue to update you as we progress through these ever-changing market conditions.

Verus Mortgage Capital

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.

How to submit bank statements

Watch this short video for instructions on how to submit bank statements to Verus.

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