Nations Direct Mortgage

Address: 2475 Village View Drive, 100, Henderson, NV 89052

http://www.myndm.com/

Internal Reviews

(1 review)

Total loans closed with Loan Factory
5

Total loans closed with Loan Factory (past 12 months)
0

Lender overview

Basic information

QM Program

Conventional

Home One

HomeReady

Home Possible

FHA

FHA Streamline

FHA DBA

VA IRRRL

Loss Payee

NATIONS DIRECT MORTGAGE, LLC C/O PHH Mortgage ISAOA/ATIMA PO Box 5954 Springfield, OH 45501-5954

CPL or Subordinate Clause

NATIONS DIRECT MORTGAGE, LLC C/O PHH Mortgage ISAOA/ATIMA PO Box 5954 Springfield, OH 45501-5954

Lock policies & Fees

Lock Policies

Lock extension

Lock cut-off: 3:00pm Non-QM and DPA. 6:00 FHA/VA & Conventional
1st& 2nd Lock Extension: 0.015/ day
All Additional Extensions: 0.025/ day
Max lock extension request 30 days/ 60 days total

Relock

Relocks are worse case plus the applicable extension fee above.
Worse case plus .25% within the initial lock period.

Lock & Shop

Lender's niche & Overlays

Lender's Niche

Soft pulls allowed on government streamlines

550 FICOs on FHA and VA to 90%, 580 to 96.5% FHA, and 100% on VA with 580

No manual UW pricing adjustments on FHA/VA

P&L program does not require bank statements to support deposits

Manufactured homes allowed FHA/VA & Conventional

Lender's overlays

Minimum FICO 660 on NON-QM

Lender turn time

Initial underwrite (days)

CTC conditions review (days)

Initial CD (days)

Review - Nations Direct Mortgage

5.0

1 Google Reviews

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