Nations Direct Mortgage

Nations Direct Mortgage

2475 Village View Drive, 100, Henderson, NV 89052

http://www.myndm.com/

Internal Reviews

(1 review)

Total loans closed with Loan Factory
17,978

Total loans closed with Loan Factory (past 12 months)
14,547

Lender overview

Basic information

Conventional
Home One
HomeReady
Home Possible
FHA
FHA Streamline
FHA DBA
VA
VA IRRRL

NATIONS DIRECT MORTGAGE, LLC C/O PHH Mortgage ISAOA/ATIMA PO Box 5954 Springfield, OH 45501-5954

NATIONS DIRECT MORTGAGE, LLC C/O PHH Mortgage ISAOA/ATIMA PO Box 5954 Springfield, OH 45501-5954

Lock policies & Fees

Lock Policies

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

Relocks are worse case plus the applicable extension fee above.
Worse case plus .25% within the initial lock period.

No

Lender's niche & Overlays

  • 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
  • No manual UW pricing adjustments on FHA/VA
  • P&L program does not require bank statements to support deposits
  • Manufactured homes allowed FHA/VA & Conventional

  • Minimum FICO 550 on FHA & VA
  • Minimum FICO 660 on NON-QM

  • Lender turn time

    1

    2

    1

    Review - Nations Direct Mortgage

    5

    1 reviews

    5

    4

    3

    2

    1

    Stars

    Sort by

    Loading
    Message Image