REMN Wholesale - HELOC
99 Wood Avenue South, Suite 301, Iselin, NJ 08830
www.remnwholesale.com
Internal Reviews
(0 reviews)
Total loans closed with Loan Factory
3
Total loans closed with Loan Factory (past 12 months)
0
Lender overview
Basic information
HOMEOWNERS INSURANCE (INCLUDING HAZARD, FLOOD, WIND, HAIL, ETC.) ServiceMac, LLC ISAOA/ATIMA P.O. Box 29411 Phoenix, AZ 85038-9411
TITLE INSURANCE AND CLOSING PROTECTION LETTER HomeBridge Financial Services, Inc. D/B/A Real Estate Mortgage Network ISAOA/ATIMA 194 Wood Avenue South, 9th Floor Iselin, NJ 08830 CONTRACTOR’S GENERAL LIABILITY INSURANCE FOR RENOVATION LOANS: HomeBridge Financial Services, Inc. D/B/A Real Estate Mortgage Network ISAOA/ATIMA 194 Wood Avenue South, 9th Floor Iselin, NJ 08830
Lock policies & Fees
Lock Policies
1 day free
2-7 days 0.125
8-15 days 0.25
16-30 days 0.5
N/A
Lender's niche & Overlays
- National Coverage: Loans from $25k to $400k available across the country.
- Super-fast Closings: Some applications can close as fast as the same day! As a self-directed journey, the borrower controls the speed of the process.
- Simple Terms: Minimum FICO 640 and max CLTV up to 80% (see weekly rate sheet for details).
- Flexible Approach: Our hybrid two-track platform harnesses digital speed with an experienced operations team that allows for manual intervention when real-life loan complexities don’t allow for fully automated processing.
- Instant Income Verification for the vast majority (75%+) of W-2 borrowers.
- Option to utilize automated analysis of Bank Statements to determine Income for both W-2 and Self-employed borrowers.
- New feature “DEBT ELIMINATOR” gives borrowers the ability to pay off debt to qualify.
- Single AVM up to $400k, if AVM fails valuation options available starting at $95.
Ineligible Property Types
• Manufactured Housing, Coops, Condotels, Log Homes, Mixed Use, as well as properties zoned as Rural or Agricultural
Lender turn time
1
1
1
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