First Colony Wholesale

Basic information

QM program

• Conventional
• Home Ready
• Home Possible
• FHA
• FHA Streamline
• FHA 203(b)
• VA
• VA IRRRL
• VA High Balance
• VA Jumbo
• USDA

Loss payee

First Colony Mortgage Corporation ISAOA/ATIMA 500 East Park Avenue, Suite 900 Orem, UT 84097 Mortgagee Clause for Title (FHA only) FIRST COLONY MORTGAGE CORPORATION SECRETARY OF HUD, ISAOA, ATIMA 2100 W. Pleasant Grove Blvd. Suite 100 Pleasant Grove, UT 84062

CPL or subordinate clause

First Colony Mortgage Corporation ISAOA/ATIMA 500 East Park Avenue, Suite 900 Orem, UT 84097

Lock policies & fees

Lock policies

Lock extension

09:00 pm PST for Conventional, FHA, VA, USDA | 5:00 pm PST for Jumbo/Non QM .02 per day. If current market is better at anytime, you can get free 10 day if locked on 30 day or greater. 1 Lock Extension would be allowed on a renegotiated lock o Free extension would not be granted o Standard extension cost would apply plus an additional 0.250 extension fee

Relock

1 Relock of 15 days can be done at worst case pricing o Standard relock process with an additional 0.250 relock fee

Lock & Shop

No

Lender's niche & overlays

Lender's niche

Full service lender with a wide product line that includes Conventional, FHA, VA, USDA, Non QM, AUS Jumbo, and True Jumbo.

Lender's overlays

FRE-FNM Overlays

FHA Overlays

USDA Overlays

VA Overlays

Lender turn time

Initial underwrite (days)

1

CTC conditions review (days)

1

Initial CD (days)

1

Reviews