Plaza News + Updates

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

The Certified Loan Program from Plaza offers protection from direct loss from a repurchase demand that is tied to fraud or manufacturing defects – even if it’s COVID-related.

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.

At Plaza Home Mortgage^® we have the programs and resources you need to feel confident when taking on a fluctuating market. Our Certified Loan Program helps reduce the risk of repurchase due to loan manufacturing defects and fraud – even if it’s COVID-related. And the best part – all Plaza Correspondents automatically get the added protection of the Certified Loan Program, at no additional upfront cost.

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!

Plaza’s Reverse Jumbo is now available in Washington state, bringing the total number of states where your clients can access up to $4M in equity to 16! Visit our program page for more information and a complete list of states where this program is available.

Learn More

In times like these, reverse mortgages provide savvy homeowners with a way to access liquidity for additional income or to rebuild reserves. At the same time, senior homeowners can secure future credit to sustain their retirement needs,” Mark Reeve, VP Reverse Mortgage Division. Read the full article, ‘Repair Cracks in the Nest Egg,’ now at Scotsman Guide.

Today’s housing market is dominated by existing home sales, with over 5.3 million existing homes sold in 2019 and at average age of 30 years old. Because of this, renovation lending is perhaps more important to your business than ever before. Plaza Home Mortgage^® offers you the resources you need to make getting into this market easy and stress-free. Our dedicated renovation lending division is here to help you from start to finish, and reviews each loan to ensure they’re done right the first time.