Forward Lending

Basic information

QM program

• Conventional
• Home Ready
• Home Possible
• FHA
• FHA Streamline
• FHA DBA
• VA
• VA IRRRL
• VA Jumbo
• USDA

Loss payee

OCMBC, INC ISAOA/ATIMA 19000 Macarthur Blvd, Ste 200, Irvine, CA 92612

CPL or subordinate clause

OCMBC, INC ISAOA/ATIMA 19000 Macarthur Blvd, Ste 200, Irvine, CA 92612

Lock policies & fees

Lock policies

Lock extension

All Rates @ 2 bps / day Extension Cost Current lock extension costs/policies apply to all active locks, regardless of lock date.

Relock

0.250 plus worst case and any previous extensions on relocks

Lock & Shop

No

Lender's niche & overlays

Lender's niche

We have a wide array of loan products, however we were ranked number 2 for NON-QM loans 2024 by Scotsman guide!

We offer DSCR, Close End Seconds as well as your Conventional/Government Loans Including FHA down payment assistance!

Special 

"ALT AGENCY" program - available for Investment/Second home financing.

• No PPP on Investment or Second Home Loans

• Full Documentation

• Up to 90% LTV for Second Homes

• Up to 85% LTV for Investment Properties

• Conventional Loan Limits

• 1–4 Units Eligible

• Fixed Terms: 10, 15, 20, 25, 30 Years

• Non-Standard Terms Available

• High Balance Option Available

Lender Paid Credit to Broker: Up to 2% LPC to broker on Non-QM Loans

Allow lender credit to cover BPC for Non-Trid (Commercial) products.

Lender's overlays

Non-QM Loans Often Need QC prior to CTC

Overlay VA IRRRL

Overlay VA

Overlay FHA

Overlay FNMA RefiNow Underwriting 

Lender turn time

Initial underwrite (days)

3

CTC conditions review (days)

2

Initial CD (days)

2

Reviews