MK Lending Corp

Basic information

QM program

• Conventional
• Home One
• Home Ready
• FHA
• FHA Streamline

Loss payee

Loss Payee/Closing Protection Letter: MK Lending Corp ISAOA 11023 McCormick Street Suite 100 North Hollywood, CA. 91601

CPL or subordinate clause

Loss Payee/Closing Protection Letter: MK Lending Corp ISAOA 11023 McCormick Street Suite 100 North Hollywood, CA. 91601

Lock policies & fees

Lock policies

Lock extension

.3 bps cost per day

Relock

25 basis point cost

Lock & Shop

No

Lender's niche & overlays

Lender's niche

Most competitive QM and NON-QM rates! Stated Loan Programs, Foreign Nationals, Get to funding quick and easy.

QM & NON-QM low rates and great rebates, LPC available on NON-QM, common sense underwriting.

• Offers WVOE options for 1099 / Schedule C borrowers.
• Allows borrower-prepared P&L documentation across multiple states including CA, AZ, CO, GA, NJ, NV, TX, VA, and WA — a niche offering with limited market availability (other comparable options currently have more limited state coverage).
• Their strongest differentiator is flexibility around alternative income documentation scenarios where other lenders may have limited or no options available. While pricing may not be the most competitive, this lender fills specific borrower scenarios that many lenders currently cannot accommodate.

Lender's overlays

FHA min FICO 580

Lender turn time

Initial underwrite (days)

2

CTC conditions review (days)

2

Initial CD (days)

1

Reviews