Plaza News + Updates

Plaza Home Mortgage^® is excited to be attending the upcoming California MBA Western Secondary Market Conference this week!

If you are too, mark your calendars for September 24 to hear Plaza’s very own COO and CFO, Michael Fontaine, as he joins the panel during session 5, How Has COVID-19 Changed the Way We Do Business, to discuss how the pandemic has transformed business today and beyond.

Plus, stick around after the session to tune in with our SVP of National Correspondent Sales, Salpi Meyer, as she joins the mPower Leadership Panel during session 6, where she along with other successful female industry leaders will share their journey in leading teams, and how to make a positive impact in the workplace.

And don’t forget to check out Plaza’s virtual booth in between sessions to discover more on our available program offerings to help simplify future transactions

With a variety of delivery methods to choose from, Plaza gives you the needed flexibility to stay ahead of the game.

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.

Offer your borrowers the option of purchasing a home in need of repairs, or refinancing their existing home for remodeling by including the renovation costs in their mortgage.

Join us to learn all about Plaza’s FHA 203(k) Standard and Limited loan programs that are designed to do just that. We’ll show you the tools Plaza has available and walk you through all of the resources Plaza offers that simplify renovation lending.

Tuesday, August 18

11AM-12PM PT

Plaza now offers a 100% digital closing experience for our Wholesale and Correspondent clients.

Now you can offer borrowers with eligible loans a simple and safe way to review, sign and execute all of their closing docs online. No face-to-face closing appointment needed and no more last-minute scrambling over missing signatures or documents. Talk to your Plaza Account Executive today or visit our information page to see just how easy it is to go digital.

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.

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.