REMN Wholesale - HELOC
99 Wood Avenue South, Suite 301, Iselin, NJ 08830
www.remnwholesale.com
Internal Reviews
(0 reviews)
Total loans closed with Loan Factory
18,498
Total loans closed with Loan Factory (past 12 months)
14,973
Lender overview
Basic information
HOMEOWNERS INSURANCE (INCLUDING HAZARD, FLOOD, WIND, HAIL, ETC.) ServiceMac, LLC ISAOA/ATIMA P.O. Box 29411 Phoenix, AZ 85038-9411
TITLE INSURANCE AND CLOSING PROTECTION LETTER HomeBridge Financial Services, Inc. D/B/A Real Estate Mortgage Network ISAOA/ATIMA 194 Wood Avenue South, 9th Floor Iselin, NJ 08830 CONTRACTOR’S GENERAL LIABILITY INSURANCE FOR RENOVATION LOANS: HomeBridge Financial Services, Inc. D/B/A Real Estate Mortgage Network ISAOA/ATIMA 194 Wood Avenue South, 9th Floor Iselin, NJ 08830
Lock policies & Fees
Lock Policies
1 day free
2-7 days 0.125
8-15 days 0.25
16-30 days 0.5
N/A
Lender's niche & Overlays
- National Coverage: Loans from $25k to $400k available across the country.
- Super-fast Closings: Some applications can close as fast as the same day! As a self-directed journey, the borrower controls the speed of the process.
- Simple Terms: Minimum FICO 640 and max CLTV up to 80% (see weekly rate sheet for details).
- Flexible Approach: Our hybrid two-track platform harnesses digital speed with an experienced operations team that allows for manual intervention when real-life loan complexities don’t allow for fully automated processing.
- Instant Income Verification for the vast majority (75%+) of W-2 borrowers.
- Option to utilize automated analysis of Bank Statements to determine Income for both W-2 and Self-employed borrowers.
- New feature “DEBT ELIMINATOR” gives borrowers the ability to pay off debt to qualify.
- Single AVM up to $400k, if AVM fails valuation options available starting at $95.
Ineligible Property Types
• Manufactured Housing, Coops, Condotels, Log Homes, Mixed Use, as well as properties zoned as Rural or Agricultural
Lender turn time
1
1
1
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