Exponential Mortgage, Inc

Basic information

QM program

• Conventional
• FHA
• VA

Loss payee

Exponential Mortgage, Inc ISAOA/ATIMA 13682 39th Avenue, Suite 401 Flushing, NY 11354 Add Exponential loan number to Loss Payee Clause

CPL or subordinate clause

Exponential Mortgage, Inc ISAOA/ATIMA 13682 39th Avenue, Suite 401 Flushing, NY 11354 Add Exponential loan number to Loss Payee Clause

Lock policies & fees

Lock policies

Lock extension

0.025 per day

Relock

0.25+which ever is worse, today or old lock within the 30 days of expire day

Lock & Shop

No

Lender's niche & overlays

Lender's niche

Our DSCR can do first-time home buyer, does not source any large deposits and 100% gift funds. We give pretty great exceptions

Allow lender credit to cover BPC for Non-QM only.

Lender's overlays

N.A

Lender turn time

Initial underwrite (days)

2

CTC conditions review (days)

1

Initial CD (days)

1

Reviews