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Plaza News + Updates

It’s Time to Get Certified

Posted by Plaza Correspondent on February 2, 2021

It’s Double-Witching time for correspondents. Veteran staffers are overworked and overwhelmed. Sales and closing are the priorities (loss mit and QC, less so.) Next thing you know, there comes the surge of errors, buyback demands and scary trips to the scratch & dent market.

But not for Plaza Home Mortgage® Correspondents – at Plaza, we understand your market and business challenges and apply our Certified Loan Program to every loan we purchase to protect you from direct loss from a repurchase demand that is tied to certain fraud, underwriting errors or manufacturing defects – even if it’s COVID-related – at no additional upfront cost.

Forget the “scratch and dent” markets and apply to “Get Certified” today! There’s no better time than now to get the insurance you need with service you can trust.

Learn more about the value of Plaza’s Certified Loan Program and how it can protect its client-sellers by contacting your Plaza Account Executive or emailing us at hereforyou@plazahomemortgage.com.

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Topics: National Correspondent News, Correspondent Certified Loan Program

Certified Case Study: Network Capital Funding

Posted by Plaza Correspondent on November 18, 2020

The Certified Loan Program from Plaza offers protection from direct loss from a repurchase demand that is tied to fraud or manufacturing defects – even if it’s COVID-related.

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Topics: National Correspondent News, Correspondent Certified Loan Program, Client Case Studies

Case Study: Correspondent Avoids $110K Indemnification

Posted by Plaza Correspondent on September 10, 2020

See how Loanpal®, a national mortgage bank, successfully mitigated a $110K indemnification on a defaulted loan thanks to Plaza’s Certified Loan Program. The majority of the loss, over $87,000, was covered by the Certified Loan Program – with no upfront fee.

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Topics: National Correspondent News, Correspondent Certified Loan Program, Client Case Studies