PHM_Blog_Hero_820

Plaza News + Updates

Stay Up-to-Date with Plaza's Program Updates

Posted by Plaza Home Mortgage on June 21, 2023

To help better serve you and your clients in any market cycle, Plaza Home Mortgage®  is making the following guideline updates effective for locks on or after
Wednesday, June 14:

FHA and VA Manufactured Housing:

Conventional Conforming Agency Impound Waivers:

  • Added guidance for when escrow/impound waivers may be allowed up to 95% LTV
  • Complete details can be found in the Conforming Fixed Guidelines

FHA, VA and USDA Guideline Updates:

  • FHA Guidelines have been updated to incorporate conflict of interest information per ML 2022-22
  • USDA Guidelines have been updated to clarify when borrowers may be removed from or added to refinances and added the info per HB-1-3555 regarding conflicts of interest
  • VA Guidelines have been updated with the following:
    • Clarified refinance seasoning begins after completion of forbearance (if applicable)
    • A note has been added to include VA WebLGY appraisal transfer information
    • The requirement for an NFIP elevation certificate, if a manufactured home is in a flood zone, has been removed

Please reach out to your Account Executive or email us should you have any questions about these changes.

 

Read More

Topics: Wholesale News, Plaza at a Glance, Mini-Correspondent News, Government Loans

Plaza's June Training Calendar is Available!

Posted by Plaza Training on June 1, 2023

Our full training calendar for the month of June is now available. Please follow the link to see a complete list of all of our upcoming training courses. As always, all of our trainings are complimentary and once you register, even if you miss the training, you will receive an email link to the training to view at your convenience.

Training June_SOCIAL_0523

Read More

Topics: Plaza at a Glance, Plaza Training

Plaza's May Training Calendar is Available!

Posted by Plaza Training on May 2, 2023

Our full training calendar for the month of May is now available. Please follow the link to see a complete list of all of our upcoming training courses. As always, all of our trainings are complimentary and once you register, even if you miss the training, you will receive an email link to the training to view at your convenience.

02_MAY Goals_SOCIAL_0423

Read More

Topics: Plaza at a Glance, Plaza Training

Plaza's April Training Calendar is Available!

Posted by Plaza Training on April 7, 2023

Our full training calendar for the month of April is now available. Please follow the link to see a complete list of all of our upcoming training courses. As always, all of our trainings are complimentary and once you register, even if you miss the training, you will receive an email link to the training to view at your convenience.

Read More

Topics: Plaza at a Glance, Plaza Training

New in BREEZE: Redesigned Loan Conditions + Quick Pricer Screens

Posted by Plaza Home Mortgage on February 27, 2023

As you’ve probably noticed, we have been making significant enhancements to the Plaza Home Mortgage® BREEZE system lately as we continue ongoing work to provide a fast, modern and easy-to-use experience throughout the entire loan process.

What’s New Now

The Loan Conditions and Quick Pricer screens have been redesigned. Note that the functionality of these screens remains the same. But they have a new look and feel, making them easier to navigate and process your loan information.

Loan Conditions Screen

Key Changes:

Read More

Topics: Wholesale News, BREEZE LOS, Mini-Correspondent News

Plaza's March Training Calendar is Available!

Posted by Plaza Training on February 27, 2023

Our full training calendar for the month of March is now available. Please follow the link to see a complete list of all of our upcoming training courses. As always, all of our trainings are complimentary and once you register, even if you miss the training, you will receive an email link to the training to view at your convenience.

Read More

Topics: Plaza at a Glance, Plaza Training

Reduced FHA MIP is Ready at Plaza

Posted by Plaza Home Mortgage on February 24, 2023

Great news for borrowers! With the recent announcement of the reduction of FHA annual Mortgage Insurance Premium (MIP), Plaza Home Mortgage® will apply the new MI factors to FHA loans effective Monday, February 27, 2023.

New MI factors will be applied to:

Read More

Topics: Wholesale News, Plaza at a Glance, Mini-Correspondent News, Government Loans

[Download] Your New LLPA Reference Guide

Posted by Plaza Home Mortgage on February 23, 2023

At first glance, the new LLPAs, effective May 1, 2023, for Fannie Mae® and Freddie Mac loans, can seem daunting. That’s why we’ve created an LLPA Reference Guide to help break it down for you!

This guide shares how the new price adjustments compare to previous ones, showing areas where pricing went up or down.

Currently all new 60-day Conventional locks for Plaza Home Mortgage® will utilize the new LLPAs. See the following timeframe for other lock periods:

Read More

Topics: Wholesale News, Plaza at a Glance, Mini-Correspondent News, Government Loans

Change to Plaza’s BREEZE and LINQ IP Addresses

Posted by Plaza Home Mortgage on February 16, 2023

As part of our ongoing work to enhance the performance and security of the Plaza Home Mortgage® systems, we are making a final change to the public IP addresses for the BREEZE and LINQ systems on March 1, 2023.

Most of our clients will not be affected; however, those with firewall rules that require destination IP addresses to be safelisted will need to take action before March 1.

Please share this information with your IT personnel if it may impact your company.

We have added a second range of IP addresses and they will need to be added to your safelist. 

Read More

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

Change to Plaza’s Loan Servicers

Posted by Plaza Home Mortgage on January 31, 2023
Plaza Home Mortgage® is making a change to our loan servicing operations and will soon be using a new servicer for all conventional loans, with the exclusion of co-ops, starting February 1, 2023.

For any loans that will be funded on or after February 1, 2023, please be aware of and make the following adjustments to the Mortgagee Clause:

Hazard Insurance – FHA, VA, USDA & DSCR Loans & Co-op Transactions:
Plaza Home Mortgage, Inc. ISAOA
P.O. Box 5954
Springfield, OH 45501-5954

Hazard Insurance – Conventional Loans, including Non-QM and Jumbo:
Plaza Home Mortgage, Inc. ISAOA
P. O. Box 1194
Springfield, OH 45501-1194

CPL – All Loans:
Plaza Home Mortgage, Inc. ISAOA
9808 Scranton Road, Suite 3000
San Diego, CA 92121

Title Insurance – All loans
Plaza Home Mortgage, Inc. ISAOA
P.O. Box 961292
Fort Worth, TX 76161-0292

If you have questions on this change or announcement, please contact your Plaza Account Executive, or email us at hereforyou@plazahomemortgage.com.
Read More

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