Plaza News + Updates

In times like these, reverse mortgages provide savvy homeowners with a way to access liquidity for additional income or to rebuild reserves. At the same time, senior homeowners can secure future credit to sustain their retirement needs,” Mark Reeve, VP Reverse Mortgage Division. Read the full article, ‘Repair Cracks in the Nest Egg,’ now at Scotsman Guide.

Giving back to the community is an important part of what Plaza is all about. Especially during these tough times, we’re pleased to have contributed to a new van for the Red Cross, to be used to deliver and transport blood products to hospitals from the Red Cross blood processing facility in Southern California, and beyond. You can read the press release here.

Watch our short video to see how the new AUS Access screen in BREEZE saves you time by letting you run and compare both DU^® and LPA^® at the same time, side-by-side on a single screen!

With Plaza, offer your borrowers the latest digital closing options. Hybrid and full eClosing technology allow the flexibility to sign closing docs digitally, and with Remote Online Notarization they can meet with the notary online. Contact your Plaza Account Executive to learn more about which loans are eligible.

Introducing the AUS Access screen in BREEZE

With the new AUS Access screen in Plaza's BREEZE system, you can run DU^® and LPA^® at the same time and instantly generate a side-by-side comparison, allowing you to quickly evaluate the findings and determine what’s best for your borrower. Of course, you can still run DU and LPA separately if you prefer.

View our One-Click AUS Quick Step Guide or contact your Plaza Account Executive for more details.

On Monday, July 6, 2020, Plaza resumed lending on FHA 203(k) renovation loans! We will continue to monitor the market and will announce plans for resuming Fannie Mae^® HomeStyle^®, Freddie Mac CHOICERenovation^® and VA Renovation options in the future.

Plaza now accepts Remote Online Notarization (RON) for eligible Fannie Mae^® and Freddie Mac purchase and refinance loans. Fannie Mae and Freddie Mac accept RON in a majority of states and where county jurisdictions accept electronic filing of closing documents. Now your borrowers can schedule an appointment to sign documents with a notary virtually, through an online recorded audio/video session.

Help your borrower get that perfect condo when it’s not in an FHA-approved complex. Now, with the Single-Unit Approval process, individual condominium units can be approved for FHA financing even when they aren’t in FHA-approved buildings or projects. It opens up more lending opportunities for you, and more selling opportunities for your agents. And Plaza is here to help you get it done!