REMN Wholesale launches 97% LTV program

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For purchase mortgages, the appraisal either validates or determines the mortgage loan to value (LTV). LTV is calculated by dividing the loan amount by the lesser of the sales price or the appraised value. Let’s throw out a few different scenarios to highlight how the appraisal impacts financing when getting the house ready for an appraisal.

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From an investor’s perspective the new program should have a limited effect on refi speeds of existing high LTV loans. These loans, even in the past, could always refinance with help of PMI once their current LTVs dropped below 95% LTV. Also the new 97% LTV program does not offer all-in rates that are significantly different from that.

We are thrilled to announce the launch of The Hub, REMN Wholesale’s new broker portal, developed to offer a central location for broker partners to request rate locks and extensions, connect with help desk experts, and track loan status all while still providing award winning customer service with same-day turn times and more!

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REMN Wholesale, a division of HomeBridge Financial Services, Inc. DBA Real Estate mortgage network nmls #6521. This is a business-to-business communication provided for use by mortgage professionals only and is not intended for distribution to consumers or other third parties.

Orion Lending Now Offers Down Payment Assistance! March 4, 2019. orion lending is pleased to announce the launch of a Down Payment Assistance Program available through our TPO Delivery Channel.Our mission is to increase affordable and sustainable homeownership, specifically for creditworthy, low and moderate-income individuals.

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