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

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