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
11

Total loans closed with Loan Factory (past 12 months)
4

Lender overview

Basic information

QM Program

Conventional

Home One

Home Ready

Home Possible

FHA

FHA Streamline

FHA 203(b)

FHA 203(h)

VA IRRRL

VA High Balance

VA Jumbo

Loss Payee

NATIONS DIRECT MORTGAGE, LLC C/O Onity Mortgage Corporation, f/k/a PHH Mortgage Corporation ISAOA/ATIMA P.O. Box 5954 Springfield, OH 45501-5954

CPL or Subordinate Clause

NATIONS DIRECT MORTGAGE, LLC C/O Onity Mortgage Corporation, f/k/a PHH Mortgage Corporation ISAOA/ATIMA P.O. 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

Allow manual UW pricing adjustments on FHA/VA

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

Manufactured homes allowed FHA/VA & Conventional

We pay YSP on DSCR loans (we do not disclose to borrower)

Lender's overlays

Minimum FICO 660 on NON-QM

Axis DPA is not allowed in WA

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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