Longbridge Financial, LLC

Basic information

QM program

N/A

Loss payee

Retail & Broker Originations Longbridge Financial, LLC ISAOA P.O. Box 39457 Solon, OH 44139-0457 PAA originations – Lender listed on the 1009.

CPL or subordinate clause

Longbridge Financial, LLC ISAOA 61 South Paramus Rd, Suite 500 Paramus, NJ 07652

Lock policies & fees

Lock policies

Lock extension

N/A - Reverse Mortgage loan initial rates are locked when LongBridge prepares the HUD1 for closing. LongBridge automatically lock the initial borrowers interest rate when prepare the HUD1.

Relock

N/A

Lock & Shop

No

Lender's niche & overlays

Lender's niche

Home Equity Conversion Mortgages (HECM)

JUMBO Reverse Mortgage proprietary product, PLATINUM

HELOC for Seniors

Lender's overlays

NONE

Lender turn time

Initial underwrite (days)

1

CTC conditions review (days)

1

Initial CD (days)

1

Reviews