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Plaza News + Updates

Fannie Mae HomeView Counseling

Posted by Plaza Home Mortgage on January 21, 2022

Fannie Mae recently released Fannie Mae HomeView™, a new homeownership education course that aligns with National Industry Standards for pre-purchase homeownership education, and can be used to fulfill the education requirement for most mortgage products. HomeView is an online course offered free of charge. Plaza’s program guidelines have been updated to reflect Fannie Mae HomeView homeowner education program as an eligible source of counseling.

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

Big Updates to Jumbo

Posted by Plaza Home Mortgage on December 10, 2021

Jumbo 1 Program Discontinuation

As we’ve said before, at Plaza Home Mortgage® we are always working to keep things simple for our clients. As such, we will be discontinuing our Jumbo 1 program, effective December 27, 2021. We’re confident that Plaza’s Jumbo AUS 1 and Jumbo AUS 2 will provide eligibility for virtually all scenarios previously offered on Jumbo 1, and there will be no reduction in program coverage or price competitiveness.

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

2022 Higher Conforming Limits!

Posted by Plaza Home Mortgage on December 1, 2021

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!

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

New! Jumbo AUS 2 is Now Available

Posted by Plaza Home Mortgage on November 16, 2021

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:

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

Now at Plaza for Correspondents: Encompass Investor Connect

Posted by Plaza Correspondent on November 9, 2021

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.

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Topics: National Correspondent News, Plaza at a Glance

‘Fun in the Sun’ at the MBA Annual Convention

Posted by Plaza Correspondent on September 29, 2021

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.

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Topics: National Correspondent News, Plaza at a Glance

Announcing Freddie Mac Refi PossibleSM program

Posted by Plaza Correspondent on August 31, 2021

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

Benefits of Refi Possible include:

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

We’re ready to ride the tide at the Western Secondary Market Conference

Posted by Plaza Correspondent on August 9, 2021
Come “ride the tide” with Plaza at the California MBA Western Secondary Market Conference on August 24-26, at the beautiful Waldorf Astoria Monarch Beach in Dana Point, CA.

If you’re attending, stop by the Plaza meeting room in Pacific Ballroom 1, and explore our available program offerings to help better manage and clear your pipeline with ease.

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Topics: National Correspondent News, Plaza at a Glance

Announcing Correspondent Conforming and Super Conforming ARMs

Posted by Plaza Correspondent 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: National Correspondent News, Plaza at a Glance, National Correspondent Program Updates

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