MLB Wholesale, LLC

Basic information

QM program

• Conventional
• FHA Streamline
• FHA 203(b)
• FHA 203(h)
• FHA 203(k)
• FHA VOE
• Good Neighbor Next Door (FHA 100)
• VA
• VA IRRRL
• VA Renovation
• USDA

Loss payee

MLB Residential Lending LLC ISAOA/ATIMA 841 Mountain Ave, Suite 400 Springfield, NJ 07081

CPL or subordinate clause

MLB Residential Lending LLC ISAOA/ATIMA 841 Mountain Ave, Suite 400 Springfield, NJ 07081

Lock policies & fees

Lock policies

Lock extension

Lock Desk hours are between 10:30 AM- 6:00 PM EST. 3 days = 6.5 bps 7 day = 12.5 bps 14 days = 25 bps 30 days = 50 bps

Relock

The original lock period will be used to determine worse case price. The Broker may request a shorter or longer lock term on the relock. Relocks will receive a fee of .25 pts plus market differential.

Lock & Shop

No

Lender's niche & overlays

Lender's niche

Government Files. 24 Turn time. Manual Underwriting.

Now we are offering DPA 3.5% with solar panels FHA 620 fico score must be Approve Ineligible 

Allow lender credit to cover BPC.

Lender's overlays

N/A

Lender turn time

Initial underwrite (days)

1

CTC conditions review (days)

2

Initial CD (days)

1

Reviews