Power Express Mortgage Bankers

Basic information

QM program

• Conventional
• FHA

Loss payee

Power Express ISAOA/ATIMA 1010 Northern Blvd, Ste 426 Great Neck, NY 11021 **name varies based on the state the subject property is in.

CPL or subordinate clause

Wall Street Mortgage Bankers Ltd. D/B/A Power Express ISAOA/ATIMA 1010 Northern Blvd. Suite 426 Great Neck, NY 11021 **name varies based on the state the subject property is in.

Lock policies & fees

Lock policies

Lock extension

Lock Cut-off Monday-Friday (excluding Federal Holidays or otherwise noted): Agency/High Balance/FHA - 4:45 p.m. EST | Jumbo - 5:30 p.m. EST | Non QM - 7:00 p.m. EST 0.20 pt for 7 days and 0.40 pt for 14 days. The maximum number of lock extensions allowed per loan is limited to one. Exceptions may be granted on a case-by-case basis, if more than one lock extension is necessary.

Relock

Less than 31 business days after lock expires: Worst Case Pricing + 0.25 point relock fee 31 business days+ after lock expires: Current Pricing

Lock & Shop

No

Lender's niche & overlays

Lender's niche

Non-QM

• A simple application process so you save time
• Guidance at every stage of your loan process
• Complete menu of loan products that are innovative and competitive
• Fast Answers

Lender's overlays

No Flips

Lender turn time

Initial underwrite (days)

1

CTC conditions review (days)

1

Initial CD (days)

4

Reviews