Plaza News + Updates

Available Now with Plaza – Can Close in 2021

FHFA has announced the 2022 conforming loan limits: $647,200 for baseline and $970,800 for high-cost areas. Plaza is accepting the increased loan limits, effective immediately. Talk to your Plaza Account Executive for more info!

We’ve just rolled out another great Jumbo AUS option!  Now Plaza clients have even more possibilities to offer your Jumbo borrowers the best price and more choices for qualifying. Our Jumbo AUS programs utilize agency AUS findings for streamlined doc requirements, plus:

Now available at Plaza Home Mortgage^®, Encompass Investor Connect™ – the easy way for Encompass^® users to deliver loan data and documents directly from Encompass to us, without having to leave your system of record.

Our full training calendar for the month of November 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.

Plaza is honored to be named the 2021 Affiliate Company of the Year by the National Association of Mortgage Brokers (NAMB)! Plaza has been recognized for our efforts in promoting the goals, projects, activities and functions of NAMB. Plaza was selected for the award by NAMB’s Awards Committee which is made up entirely of NAMB members. See the announcement.

Plaza Home Mortgage^® is a leader in VA lending and has been for decades. Now, we are making it even easier for you to deliver the service your VA borrowers have earned.

Skip the VA Web Portal and let us handle the legwork for your VA appraisals. If you request our help, we’ll send your borrower a secure web link so they can pay for their appraisal online, and then we’ll process the appraisal order on your behalf. All it takes to get started is emailing a request to our Client Service Department (CSR) – and we’ll take it from there!

Plaza Home Mortgage^® is excited to welcome this year’s MBA Annual Convention to our hometown of sunny San Diego, CA, October 17-20! If you’re ready to have some ‘fun in the sun’ stop by our meeting room at The Edge in the Hard Rock Hotel – right across the street from the San Diego Convention Center – and check out the many program offerings available to grow your business and help manage your pipeline.

Pencil in some time with a Plaza Account Executive today by emailing hereforyour@plazahomemortgage.com to experience an elevated correspondent service like no other.

Plaza Home Mortgage^® is happy to reintroduce Solutions Non-QM for our broker clients! We are here to help you fit the home finance needs of self-employed professionals and other non-W2 borrowers – with more flexibility and enhanced service levels.

Our Solutions Non-QM program has expanded eligibility guidelines and alternative documentation options:

• Standard documentation
• Bank statement (12 and 24 month)
• P&L
• VOE
• 1099
• Asset depletion

Plaza also offers a free Bank Statement Income Calculation service, a dedicated Scenario Desk and Non-QM Underwriting team to give you fast and accurate answers to your questions.

Our full training calendar for the month of October 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.

Plaza Home Mortgage^® is ready to roll on the Freddie Mac Refi Possible^SM program. Refi Possible expands eligibility to include borrowers at or below 80% of the Area Median Income (AMI) limit.

Benefits of Refi Possible include: