Correspondent Corner
April 26, 2018
Barry Slatt Mortgage would like to profile a correspondent lender program. The following outlines one of our most competitive Life Insurance Company correspondent lenders in the market:
- Loan amounts range from $500,000-50 million
- Lends Nationally in major markets
- Typical fixed-rate loan terms are 5-20 years
- 25-30-year amortizations are typical
- May require recourse
- All property types considered
- Strong sponsorship is required
- Rate lock at application for up to 90 days
- Up to 75% loan-to-value (LTV)