Plaza News + Updates

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.

COVID-19 Protection with Certified

Now there’s an even easier way to connect with Plaza – we’re thrilled announce the official launch of LINQ, our new loan acquisition system! LINQ is user-friendly, fast on document uploads and you’ll immediately receive your confirmation once the loan is locked in, helping in the reduction of overall processing time. Accelerate your loan purchases and easily manage your pipeline while expanding your portfolio all in one place. Not currently working with us? Let’s link up – apply and become an approved correspondent today.

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.