Giant Lending

Basic information

QM program

• Conventional
• Home One
• Home Ready
• Home Possible
• FHA
• FHA Streamline
• FHA DBA
• VA
• VA IRRRL

Loss payee

OCMBC, Inc. ISAOA/ATIMA 19000 MacArthur Blvd., Suite 200 Irvine, CA 92612

CPL or subordinate clause

OCMBC, Inc. ISAOA/ATIMA 19000 MacArthur Blvd., Suite 200 Irvine, CA 92612

Lock policies & fees

Lock policies

Lock extension

.02/ day for all NonQM loans

Relock

.25

Lock & Shop

No

Lender's niche & overlays

Lender's niche

DSCR to 85% LTV; No Ratio; 5-8 Units

DSCR cash-out to 80% LTV w/720+ fico

Bank Statement loans to 90% LTV

1 year self-employed, with W-2 from previous yr

Closed-end 2nd's on all loan programs (DSCR, Bk Stmt, P&L etc)

Asset Utilization as stand alone, or assistance for DTI with other programs

LPC or BPC on NonQM

Rates are tops in most categories 

LO can make origination and YSP on DSCR Loans

Lender's overlays

SS Card required on each file

Lender turn time

Initial underwrite (days)

2

CTC conditions review (days)

2

Initial CD (days)

2

Reviews