Verus Wholesale

Verus Wholesale

7900 International Drive, Suite 225, Bloomington, MN 55425

https://verusmc.com/

Internal Reviews

(0 reviews)

Total loans closed with Loan Factory
17,896

Total loans closed with Loan Factory (past 12 months)
14,508

Lender overview

Basic information

Jumbo
HELOC

Verus Residential Loanco, LLC C/O Shellpoint Mortgage Servicing Its Successors and/or Assigns ISAOA/ATIMA PO Box 7050 Troy, MI 48007-7050

N/A

Lock policies & Fees

Lock Policies

Locks may be extended for 5, 10, 15, 20, or 30 days.
Two (2) lock extensions may be requested; however, the cumulative lock extension maximum may not exceed 45 days from the initial expiration date.
The cumulative lock period including extensions may not exceed 75 days.

The loan will be relocked for 15 days. If additional days are needed, contact the Broker Coordinator to request an extension. Standard fees will apply.
Executing a relock is an irreversible transaction and results in mandatory lock subject to a pair-off fee.

No

Lender's niche & Overlays

We are the NonQM market maker.  We are not a Niche Lender.

N/A

Lender turn time

3

2

1

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