Valere Financial

Basic information

QM program

• Conventional

Loss payee

CrossCountry Mortgage, LLC DBA Valere Financial ISAOA/ATIMA 2160 Superior Avenue Cleveland, OH 44114

CPL or subordinate clause

CrossCountry Mortgage, LLC DBA Valere Financial ISAOA ATIMA 2160 Superior Avenue Cleveland, OH 44114

Lock policies & fees

Lock policies

Lock extension

Voltage: 7 days, 15 days or 30 days Voltage +: 7 days or 15 days

Relock

N/A

Lock & Shop

No

Lender's niche & overlays

Lender's niche

Buy B4 You Sell (exclude departing residence PITI from debt ratio)

ITIN (90% Full doc, 85% Alt doc, 75% DSCR)

1-4 units Mixed-Use properties (Full or Alt doc, or DSCR (min 1.15 ratio) @ max LTV 75% (purchase) and max 70% (refinance)

48-hour in-house Exceptions reviewed 

Try our pricing Tool: Valere Financial | RapidRate

Allow lender credit to cover BPC.

Lender's overlays

Overlays

Lender turn time

Initial underwrite (days)

2

CTC conditions review (days)

1

Initial CD (days)

1

Reviews