Plaza Home Mortgage Relaunches Its Solutions Non-QM Program
Plaza Home Mortgage, Inc., a wholesale and correspondent mortgage lender, announced that it is re-activating its Solutions Non-QM program, offering loan amounts up to $3.5 million.
Known as Solutions Non-QM, the program is available through Plaza’s Wholesale channel and will be supported by a dedicated “Scenario Desk” and Non-QM Underwriting team. Initial offerings include 12- and 24-month bank statement loans, expanded standard documentation eligibility, and additional flexible documentation types to provide financing solutions to more borrowers.
“Today there are more than 10 million self-employed Americans, and that number keeps growing,” said Michael Fontaine, Co-President and COO at Plaza Home Mortgage. “Our Solutions Non-QM program will help brokers serve the needs of this market and give them new tools, like IO loans, to qualify buyers in high-cost areas. Our dedicated Scenario Desk and Non-QM Underwriting team will help brokers quickly determine borrower eligibility so they can focus on the most viable deals.”
The Place for Lending Visionaries and Thought Leaders. We take you beyond the latest news and trends to help you grow your lending business.
