V.I.P. Mortgage, Inc.

Basic information

QM program

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

Loss payee

For AR, CA, LA, NJ, OK, and TX V.I.P. Independent Mortgage, Inc. ISAOA 9221 East Via de Ventura Scottsdale, AZ 85258 For OH V.I.P. Independent Mortgage, Inc. ISAOA (V.I.P. Mortgage, Inc.) 9221 East Via de Ventura Scottsdale, AZ 85258 For All Other States V.I.P. Mortgage, Inc. ISAOA 9221 East Via de Ventura Scottsdale, AZ 85258

CPL or subordinate clause

Closing Protection Letter (CPL) V.I.P. Mortgage, Inc. ISAOA/ATIMA 9221 East Via de Ventura Scottsdale, AZ 85258

Lock policies & fees

Lock policies

Lock extension

Locks can be extended at a cost of .02 per day for 1 - 45 days. A lock can be extended a max of 4 times, not to exceed a maximum amount of 45 days (cumulative).

Relock

- 15 day relock: Worse Case pricing plus .30 relock fee - 30 day relock : Worse Case pricing plus .60 relock fee

Lock & Shop

No

Lender's niche & overlays

Lender's niche

Excellent pricing on Conventional loans and Government.

TX Homestead loans

Manual Underwriting on VA & FHA

JUMBO AUS

Non-owner-occupied conventional transactions

USDA

Minimum fico of 600 on all products.

Down to 580 on exception for FHA & VA

Manufactured Homes

Lender's overlays

TPO_Overlay_Matrix__31425.pdf

Lender turn time

Initial underwrite (days)

2

CTC conditions review (days)

1

Initial CD (days)

1

Reviews