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Plaza News + Updates

Plaza Home Mortgage

Plaza Home Mortgage

Recent Posts

Home Possible/USDA Program Updates

Posted by Plaza Home Mortgage on January 20, 2021

Home Possible
In alignment with the Freddie Mac Bulletin 2020-45, Plaza Home Mortgage® has updated the Home Possible® program guidelines, effective for all loans purchased on or after March 1, 2021. Specifically, this update reduces the maximum LTV from 95% to 85% for certain Home Possible Mortgages secured by 2-4-unit properties.

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Topics: Wholesale News, Wholesale Program Updates, National Correspondent News, Mini-Correspondent News, National Correspondent Program Updates, Mini-Correspondent Program Updates

Plaza Home Mortgage New Years Hours

Posted by Plaza Home Mortgage on December 29, 2020

In observance of the New Year’s Day holiday, your Plaza Home Mortgage® offices will be closed on the following days and times:

New Year’s Eve and New Year's Day Hours

  • Thursday, December 31, your Plaza branch office will close at 3:00 PM local time
  • The Lock Desk and Reverse offices will close at 3:00 PM PT, but online locks will still be available until 11:59PM PT.
  • Friday, January 1, all offices will be closed

We wish you and yours a safe and happy New Year.

Please contact your Plaza Account Executive if you have any questions.

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Topics: Wholesale News, National Correspondent News, Mini-Correspondent News

Celebrating 20 Years of Putting Clients First

Posted by Plaza Home Mortgage on December 11, 2020

This year we at Plaza Home Mortgage® are proud to be marking an important milestone in our company history – 20 years in business. Over the years we have experienced the highs and the lows of our industry, and did so alongside many of our clients. But one thing has remained unchanged at Plaza – and that is our commitment to providing you with the highest level of service and support. We celebrate and thank you, and look forward to 20 more years!

Plaza’s leadership reflects on the last 20 years, and what it took to achieve this milestone. Check out their stories.

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Topics: Wholesale News, National Correspondent News, Plaza in the News, Plaza at a Glance, Mini-Correspondent News

Mortgage Industry Leaders Discuss Leveraging Tech, Tools, and People

Posted by Plaza Home Mortgage on December 4, 2020

Mortgage Industry Leaders Discuss Leveraging Tech, Tools, and People

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Topics: Wholesale News, National Correspondent News, Plaza in the News, Plaza at a Glance, Mini-Correspondent News

MReport names Plaza to the "Top 30 Companies in Mortgage & Servicing"

Posted by Plaza Home Mortgage on November 16, 2020

Plaza Home Mortgage® was recently named one of the Top 30 Companies in Mortgage & Servicing by MReport Magazine. The companies recognized met the challenges of this year with “an ideal blend of benefits, perks, culture and atmosphere that sets them apart from the rest.” As we continue to navigate the challenges of the day, Plaza remains committed to the health and happiness of our associates and the communities we serve alike. Read more about this recognition in the November edition of MReport Magazine.

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Topics: Wholesale News, National Correspondent News, Plaza in the News, Plaza at a Glance, Mini-Correspondent News

Red Cross Van Donation

Posted by Plaza Home Mortgage on September 25, 2020

Giving back to the community is an important part of what Plaza is all about. Especially during these tough times, we’re pleased to have contributed to a new van for the Red Cross, to be used to deliver and transport blood products to hospitals from the Red Cross blood processing facility in Southern California, and beyond. You can read the press release here.

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Topics: Wholesale News, National Correspondent News, Plaza in the News, Mini-Correspondent News

They're back! HomeStyle and CHOICERenovation Loan Programs

Posted by Plaza Home Mortgage on September 14, 2020

They're back: HomeStyle and CHOICERenovation Loan Programs

Plaza is excited to announce that we will begin accepting Fannie Mae® HomeStyle® and Freddie Mac CHOICERenovation® renovation loans again on Monday, September 8, 2020. And don’t forget we also accept FHA 203(k) loans, so when you think renovation, think Plaza. Visit our program page or contact your Plaza Account Executive to learn more.

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Topics: Wholesale Program Updates, FHA Loans, Renovation Loans, National Correspondent Program Updates

Your Digital Closing Options

Posted by Plaza Home Mortgage on September 10, 2020

With Plaza, offer your borrowers the latest digital closing options. Hybrid and full eClosing technology allow the flexibility to sign closing docs digitally, and with Remote Online Notarization they can meet with the notary online. Contact your Plaza Account Executive to learn more about which loans are eligible.

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Topics: Wholesale News, Wholesale Program Updates, National Correspondent News, Plaza at a Glance, Mini-Correspondent News, eClosing and Digital Lending Tools

Full eClosing – Now Available

Posted by Plaza Home Mortgage on September 10, 2020

Plaza now offers a 100% digital closing experience for our Wholesale and Correspondent clients.

Now you can offer borrowers with eligible loans a simple and safe way to review, sign and execute all of their closing docs online. No face-to-face closing appointment needed and no more last-minute scrambling over missing signatures or documents. Talk to your Plaza Account Executive today or visit our information page to see just how easy it is to go digital.

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Topics: Wholesale News, National Correspondent News, BREEZE LOS, Plaza at a Glance, eClosing and Digital Lending Tools

Now Accepting Remote Online Notarization (RON)

Posted by Plaza Home Mortgage on September 10, 2020

Plaza now accepts Remote Online Notarization (RON) for eligible Fannie Mae® and Freddie Mac purchase and refinance loans. Fannie Mae and Freddie Mac accept RON in a majority of states and where county jurisdictions accept electronic filing of closing documents. Now your borrowers can schedule an appointment to sign documents with a notary virtually, through an online recorded audio/video session.

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Topics: Wholesale News, National Correspondent News, Mini-Correspondent News, eClosing and Digital Lending Tools