Nationwide Equities Corporation

Basic information

QM program

N/A

Loss payee

Nationwide Equities Corporation, ISAOA/ATIMA 225 Brae Blvd, Suite 202, Park Ridge NJ 07656

CPL or subordinate clause

Nationwide Equities Corporation, ISAOA/ATIMA 225 Brae Blvd, Suite 202, Park Ridge NJ 07656

Lock policies & fees

Lock policies

Lock extension

If the lock expires, the lock price will default to the lower of the original locked price or the price on the date of closing. If rates are not published on the date of closing, pricing will be determined on the first published date after closing. UPB at time of lock may be subject to change.

Relock

N/A

Lock & Shop

No

Lender's niche & overlays

Lender's niche

Reverse Mortgages

EQUITYPOWER JUMBO Reverse Mortgage proprietary product, with a minimum UPB/loan amount as low as $200,000 and as high as $4,000,000 (exceptions on lower or higher UPB/loan amounts can be made on a case-by-case basis).

Lender's overlays

Reverse Coops are available only in NY

Lender turn time

Initial underwrite (days)

2

CTC conditions review (days)

2

Initial CD (days)

1

Reviews