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Plaza News + Updates

Announcing Wholesale Conforming and Super Conforming ARMs

Posted by Plaza Wholesale on August 9, 2021

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.

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Topics: Wholesale News, Wholesale Program Updates, Plaza at a Glance, Mini-Correspondent News, Mini-Correspondent Program Updates

Plaza's August Training Calendar is Available!

Posted by Plaza Training on July 30, 2021

Our full training calendar for the month of August 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.

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Topics: Plaza at a Glance, Plaza Training

CORRESPONDENT: Jumbo 1 Improvements + Other Program Updates

Posted by Plaza Correspondent on July 28, 2021

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.

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Topics: National Correspondent News, National Correspondent Program Updates

WHOLESALE: Jumbo 1 Improvements + Other Program Updates

Posted by Plaza Wholesale on July 28, 2021

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.

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Topics: Wholesale News, Wholesale Program Updates, Mini-Correspondent News, Mini-Correspondent Program Updates

Quick-Compare our Jumbo Programs

Posted by Plaza Wholesale on July 8, 2021

Plaza Home Mortgage® gives you two great options for offering Jumbo loans to your borrowers. Our Jumbo 1 and Jumbo AUS programs are both excellent for your clients looking to purchase or refinance higher value homes.

Program Highlights:

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Topics: Wholesale News, Wholesale Program Updates, Mini-Correspondent News, Mini-Correspondent Program Updates

Plaza's July Training Calendar is Available!

Posted by Plaza Training on June 29, 2021

Our full training calendar for the month of July 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.

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Topics: Plaza at a Glance, Plaza Training

We know New York – Visit our booth at 33rd NYAMB Conference and Tradeshow

Posted by Plaza Home Mortgage on June 25, 2021

Plaza Home Mortgage® has been serving the Empire State for a long time, and we’ve learned a thing or two about the market in the process.

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Topics: Wholesale News, Mini-Correspondent News

FHA Update: Student Loan Debt Policy

Posted by Plaza Home Mortgage on June 22, 2021


FHA Update: Student Loan Debt Policy

Plaza Home Mortgage® is aligning with FHA student loan guidance as announced in the Mortgagee Letter 2021-13. The updated policy removes the current requirement that lenders calculate a borrower’s student loan monthly payment as 1% of the outstanding student loan balance for student loans that are not fully amortizing, or are not in repayment.

The new policy bases the monthly payment on the actual student loan payment, which is often lower, and helps home buyers with student debt meet minimum eligibility requirements for an FHA-insured mortgage.

This updated policy may be employed by lenders immediately but mandatory implementation is required for all case numbers assigned on or after August 16, 2021. Plaza will apply this policy immediately.

If you have questions on the updated FHA student loan debt policy please contact your Plaza Account Executive, or email us at hereforyou@plazahomemortgage.com.

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

Quick Pricer

Posted by Plaza Home Mortgage on June 17, 2021

Price Loans Faster with Quick Pricer

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

Introducing RefiNow

Posted by Plaza Home Mortgage on June 15, 2021

Expand Your Borrowers’ Refi Options

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