The Money House, Inc.
8751 Commodity Circle, Suite 17, Orlando, FL 32819
www.reversemh.com
Internal Reviews
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Total loans closed with Loan Factory
2
Total loans closed with Loan Factory (past 12 months)
0
Lender overview
Basic information
Mortgagee Clause: The Money House, Inc. ISAOA/ATIMA 8751 Commodity Circle, Suite 17 Orlando, FL 32819 Loan #
The Money House, Inc. ISAOA/ATIMA 8751 Commodity Circle, Suite 17 Orlando, FL 32819 Loan #
Lock policies & Fees
Lock Policies
HUD HECMs have Principal Limit Lock Protection once a borrower signs the application package. The product is a monthly adjustable so there is no forward locking. the interest rate and YSP (which is in addition to the origination fee) is locked in the day closing documents are prepared and is based on the current price sheet that day.
N/A
Lender's niche & Overlays
We follow HUD's 4000.1 handbook as it relates to the HUD HECM. We are a Direct, Reverse Mortgage Wholesale Lender. The HECM adjustable is exempt from TRID, QM and the LO Comp Rule so both origination and YSP can be earned on the same file
NONE
Lender turn time
2
1
1
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