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Plaza News + Updates

Plaza Wholesale

Recent Posts

Hello New Year – Goodbye AMF Fee

Posted by Plaza Wholesale on January 5, 2021

Great news! Plaza Home Mortgage® has extended our waiver of the 50bps Adverse Market Refinance Fee on all Agency Express refis to February 26, 2021. Agency Express, available to our Wholesale and Mini-Correspondent channels, gives you faster turn times on core Fannie Mae® and Freddie Mac loans. Close in as little as 10-15 days! Learn more by going to our info page or contacting your Plaza Account Executive.

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Topics: Wholesale News, Wholesale Program Updates, Plaza at a Glance

New Super Low Rates on Government Programs

Posted by Plaza Wholesale on December 28, 2020

Plaza Home Mortgage® now offers rates as low as 1.75% on all government loan programs! Combined with Plaza’s superior client service and unparalleled experience with government lending, there has never been a better time to work with us.

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Topics: Wholesale News, Wholesale Program Updates, Plaza at a Glance

2021 FHA Loan Limits

Posted by Plaza Wholesale on December 11, 2020

The FHA has announced an increase to new forward loan limits for 2021. The new loan limits will be effective for case numbers assigned on or after January 1, 2021. FHA forward mortgage limits for individual MSAs and counties are available here.

Plaza will align with FHA’s effective dates and accept the new loan limits for case numbers assigned on or after January 1, 2021.

Please contact your Plaza Account Executive if you have any questions about the new limits or their implementation date.

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Topics: Wholesale News, Wholesale Program Updates, Plaza at a Glance

Wholesale Rate Lock Policy Update

Posted by Plaza Wholesale on December 11, 2020

Plaza Home Mortgage® is pleased to announce that we are updating our Wholesale and Mini-Correspondent rate lock policy for all transactions. Now 15, 30, 45 and 60-day locks for all transactions no longer have file status requirements.

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

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Topics: Wholesale News, Wholesale Program Updates, Plaza at a Glance

Warrior Foundation Freedom Station Donation

Posted by Plaza Wholesale on November 25, 2020

Plaza is turning 20 in 2020, and the official celebration will kick off soon! To help commemorate the milestone, and in honor of Veteran’s Day, we’ve donated $20,000 to Warrior Foundation Freedom Station, a San Diego-based military charity that assists ill and injured service members. See their amazing work for yourself:

A Success Story: Sgt. Povas Miknaitis, Scout Sniper, U.S. Marine Corps

Learn more or make a donation

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Topics: Wholesale News, Plaza in the News, Plaza at a Glance

2021 Conforming Loan Limits: Effective immediately for new locks!

Posted by Plaza Wholesale on November 24, 2020

The FHFA has announced the new conforming loan limits for loans purchased by Fannie Mae® and Freddie Mac on or after January 1, 2021.

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Topics: Wholesale News, Wholesale Program Updates, Plaza in the News, Plaza at a Glance

Plaza’s new Agency Express just got better [pricing]

Posted by Plaza Wholesale on November 4, 2020

Get on the Express Track with Speedy Turn Times – and Now Lower Pricing for Wholesale!

Agency Express from Plaza Home Mortgage® offers brokers faster initial turn times on eligible core Fannie Mae® or Freddie Mac programs. It’s a streamlined Wholesale submission option for eligible W-2 or fixed income borrowers, plus you may be able to close in as few as 10-15 days.

And even better news – Plaza will waive the .50 bp Adverse Market Refinance Fee on new Wholesale Agency Express refis locked through the end of the year - 12.31.20!

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Topics: Wholesale News, Wholesale Program Updates, Plaza in the News, Plaza at a Glance

New Agency Express for Mortgage Brokers

Posted by Plaza Wholesale on October 23, 2020

Get on the Express Track with Best-in-Class Turn Times

Agency Express from Plaza Home Mortgage® offers brokers faster initial turn times on eligible core Fannie Mae® or Freddie Mac programs. It’s a streamlined submission option for eligible W-2 or fixed income borrowers with pricing they’ll love, plus you may be able to close in as few as 10-15 days.

Agency Express is available for purchase, rate/term and cash-out refinance on Conforming Balance and High Balance/Super Conforming loans.

Let’s get your deals on the Agency Express. Get more details on which loans qualify on our information page, or download our Snapshot to go a little deeper.

Talk to your Plaza Account Executive today and take advantage of the new Agency Express, or email us at hereforyou@plazahomemortgage.com.

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Topics: Wholesale News, Wholesale Program Updates, Plaza in the News, Plaza at a Glance

Removal of File Status Requirements

Posted by Plaza Wholesale on October 16, 2020

Plaza is committed to helping our brokers deliver the best service possible for their borrowers. That’s why we are happy to announce that we have removed all file status requirements to lock VA IRRRL and FHA Streamline refis. 

And as a reminder, there are still no file status requirements for locks on purchase loans, and pre-locks are allowed.

Contact your Plaza Account Executive for more information or if you have any questions about this update

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

NAMB National 2020

Posted by Plaza Wholesale on October 1, 2020

Join Plaza for a Virtual Conference Like No Other

Join Plaza Home Mortgage® at this year’s National Association of Mortgage Brokers National 2020 conference on October 14-15, for an entirely virtual experience that will help you set the groundwork for the rest of the year and beyond.

When you register for the conference, use the code PLAZAFREE at checkout for complimentary registration (code expires October 8, at 11:59PM PT).

Event Details:
NAMB National 2020
October 14-15
www.namb.org

Register Now

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