ResMac Announces Focus on Non-QM Product!

 

As you are well aware, Non-QM is the fastest growing mortgage loan product in today’s market.  Accordingly, ResMac recently introduced a new menu of competitively priced Non-QM products designed to bolster your business including “Near-Miss” Full Doc for W2 and Self-Employed borrowers, 12 and 24 Month Bank Statement Programs (including Investor options), Investor Debt Service Coverage and Asset Utilization. 

Our loan origination system, marti, provides a highly automated platform allowing you to submit, lock and close Non-QM loans. We will continue to enhance marti to further simplify and automate interaction between you and the ResMac team, providing you with quicker responses and faster closings. 

To better focus on the Non-QM opportunity, ResMac will no longer be accepting new agency (Conforming, Jumbo, FHA, VA, and USDA) loan applications from our wholesale and NDC partners. The last day to submit new agency loan applications is 5:00 PM, ET on Friday, August 17, 2018. ResMac will continue to lock loans that have been submitted by that date until September 30th, 2018. The ResMac team will be working with you to ensure that all agency loans in process close on time.

Please feel free to contact the ResMac Production Support Team @ 877-855-7493 orProductionSupport@ResMac.com with any questions.

We appreciate your continued support and look forward to helping you grow your Non-QM business!  Please reach out to your Account Executive for specific product details.