theLender

Basic information

QM program

• Conventional
• Home One
• Home Ready
• Home Possible
• FHA
• FHA Streamline
• VA
• USDA

Loss payee

Hometown Equity Mortgage, LLC dba theLender ISAOA 25531 Commercentre Dr #250 Lake Forest, CA 92630

CPL or subordinate clause

Hometown Equity Mortgage, LLC dba theLender ISAOA 25531 Commercentre Dr #250 Lake Forest, CA 92630

Lock policies & fees

Lock policies

Lock extension

5pm lock cutoff Maximum of 2 times. Refer to rate sheet for extension costs.

Relock

+0.25% to price and worst case pricing compared to time of lock and relock date 1 relock worst case pricing.

Lock & Shop

No

Lender's niche & overlays

Lender's niche

Home mortgage lender specializing in personalized loan products.

Offers proprietary non-QM (non-qualified mortgage) solutions.

Serves both individual borrowers and mortgage brokers.

Focus on excellent customer service and streamlined financing.

Aims to simplify the home financing process.

Allow lender credit to cover BPC.

Lender's overlays

Every loan will need a FICO score except Foreign National DSCR. 

Credit report must be within 60days from submission.

VOD is required on all loans that require borrower to come in with money at closing

Lender turn time

Initial underwrite (days)

1

CTC conditions review (days)

1

Initial CD (days)

1

Reviews