Plaza News + Updates

Plaza Home Mortgage^® is a leader in VA lending and has been for decades. Now, we are making it even easier for you to deliver the service your VA borrowers have earned.

Skip the VA Web Portal and let us handle the legwork for your VA appraisals. If you request our help, we’ll send your borrower a secure web link so they can pay for their appraisal online, and then we’ll process the appraisal order on your behalf. All it takes to get started is emailing a request to our Client Service Department (CSR) – and we’ll take it from there!

Plaza Home Mortgage^® is happy to reintroduce Solutions Non-QM for our broker clients! We are here to help you fit the home finance needs of self-employed professionals and other non-W2 borrowers – with more flexibility and enhanced service levels.

Our Solutions Non-QM program has expanded eligibility guidelines and alternative documentation options:

• Standard documentation
• Bank statement (12 and 24 month)
• P&L
• VOE
• 1099
• Asset depletion

Plaza also offers a free Bank Statement Income Calculation service, a dedicated Scenario Desk and Non-QM Underwriting team to give you fast and accurate answers to your questions.

Plaza Home Mortgage^® is expanding the lending possibilities for our clients and their borrowers. We are pleased to announce that we are again offering Conventional Conforming and Super Conforming ARMs starting today, Tuesday, August 3, 2021.

Please refer to Plaza’s Conforming ARM and Super Conforming ARM Program Guidelines for complete details.

Plaza Home Mortgage^® just removed the self-employment overlays plus made other enhancements to our popular Jumbo 1 program. We also have updates to mortgage insurance and Jumbo AUS we want to tell you about.

FHA and VA FICOs Go Even Lower + More FHA, VA and Jumbo AUS News

Congratulations to Michael Fontaine, Plaza’s Co-President and COO, on being named a 2021 Financial Leader by HousingWire. The recipients of this year’s award were selected based on their professional achievements within their organizations, contributions to the overall housing economy, client impact and personal success. Check out the article to see the full list of winners.

Plaza is pleased to announce our 2021 Bronze Sponsorship of AIME! “We are very pleased to continue our sponsorship of AIME, an organization that shares our commitment to the growth of the mortgage broker community and to a vibrant wholesale industry,” said Jeff Leinan, Plaza’s EVP of National Wholesale Production.

Read the full announcement.

We are reminding our clients that, pursuant to HUD requirements, FHA case numbers assigned on or after March 22, 2021, will require the revised HUD 92009-A form on all Single-Family Forward Mortgages and Home Equity Conversion Mortgages (HECM). Plaza’s BREEZE LOS already supports the new 92009-A form, and can also generate and deliver the new 1003, plus typical broker disclosures, quickly and easily.

Join Plaza’s Jeff Leinan, EVP National Wholesale Production, and NAMB President Kimber White for an insightful discussion about the current and future state of the #mortgage market on Facebook Live, on Tuesday, March 16, at 9AM PT / 12PM ET.