ClearEdge Lending LLC

Basic information

QM program

• Conventional

Loss payee

ClearEdge Lending LLC ISAOA, ATIMA C/O SPS, as Servicer PO Box 7277, Springfield, OH 45501-7277 Agency Loans only: ClearEdge Lending LLC ISAOA, ATIMA 20 Enterprise, Suite 350 Aliso Viejo, CA 92656

CPL or subordinate clause

ClearEdge Lending LLC ISAOA, ATIMA 19800 MacArthur Blvd., Suite 550 Irvine, CA 92612

Lock policies & fees

Lock policies

Lock extension

Lock extension fees are 2 bps/day (0.02/day) for all loan programs. Max 2x / 30 days, not to exceed 75 cumulative lock days

Relock

Worse case pricing and 0.25 re-lock fee (in price) will be applied if re-locked within 30 days of Expiration/Cancellation date.

Lock & Shop

No

Lender's niche & overlays

Lender's niche

Non-QM loans (Full, Express, 1099, Bank Statement, P&L Only, WVOE, Asset Depletion, DSCR (SFR-2-4 units)

.75-.99 DSCR

Jumbo non-QM

Combine multiple income sources

Asset depletion at 60 months

1 year self-employed

55% DTI

In house Exception approval.

Allow lender credit to cover BPC.

Lender's overlays

N/A

Lender turn time

Initial underwrite (days)

2

CTC conditions review (days)

2

Initial CD (days)

1

Reviews