Plaza News + Updates

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:

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.

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:

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:

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. 

Our full training calendar for the month of February 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.

Here’s a friendly reminder that Plaza Home Mortgage^® waives Fannie Mae^® and Freddie Mac LLPAs on eligible First Time Homebuyer loans, Freddie Mac’s CHOICERenovation and eligible manufactured loans based on Area Median Income (AMI) creating more opportunities to help your borrowers. And BREEZE will automatically apply the waiver to the eligible loans.

Here’s how it works:

Our full training calendar for the month of January 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.

AMI LLPA Waiver is Here!