FundLoans Capital

Basic information

QM program

N/A

Loss payee

FundLoans Capital ISAOA/ATIMA 12481 High Bluff Drive Suite #150 San Diego, CA 92130

CPL or subordinate clause

N/A

Lock policies & fees

Lock policies

Lock extension

2 basis points per day

Relock

a. Apex Prime, Montage Prime, and Spectrum No Ratio: i. Within 30 days of lock expiration: i. Maximum Number of Requests: 1 ii. Available Re-lock Term: 15 days iii. Re-lock Fee: -0.300 iv. In addition to the re-lock fee, worst case pricing will apply along with past lock extension fees. ii. Greater than 30 days past lock expiration: Current market pricing applies. b. Insignia: Relocking is considered on a case by case basis.

Lock & Shop

No

Lender's niche & overlays

Lender's niche

Bank Statements (1st td and 2nd td)

P&L only

Assets Only

Super Jumbo up to $6M

DSCR (true no ratio and FN)

Lender's overlays

N/A

Lender turn time

Initial underwrite (days)

3

CTC conditions review (days)

1

Initial CD (days)

1

Reviews