Newfi will offer non-QM programs and DSCR loan options through the new correspondent lending channel. That includes its Sequoia portfolio non-QM loan program, which provides borrowers access to loan amounts of up to $5 million, flexible income verification options (full doc, bank statement, 1099, asset depletion), and competitive pricing.
Read more: Newfi Lending expands non-QM offering
“We are excited to develop meaningful correspondent lending relationships that help mortgage bankers grow their businesses,” said Dan Bayer, senior vice president of non-QM development and strategy. “Non-QM product offerings are critical to any mortgage bankers’ offerings in today’s market. Newfi is leading the way in terms of innovation and service for these originations.”
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