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Plaza News + Updates

Check us out at the California MBA Western Secondary Market Conference

Posted by Plaza Correspondent on September 21, 2020

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

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Topics: National Correspondent News, Plaza Events

National Correspondent: Flexible Delivery Methods

Posted by Plaza Correspondent on September 10, 2020

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

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

Your Digital Closing Options

Posted by Plaza Home Mortgage on September 10, 2020

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.

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Topics: Wholesale News, Wholesale Program Updates, National Correspondent News, Plaza at a Glance, Mini-Correspondent News, eClosing and Digital Lending Tools

Correspondent Training: Plaza’s FHA 203(k) Renovation Programs

Posted by Plaza Training on September 10, 2020

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

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Topics: National Correspondent News, FHA Loans, Government Loans, Renovation Loans, Plaza Training

Full eClosing – Now Available

Posted by Plaza Home Mortgage on September 10, 2020

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.

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Topics: Wholesale News, National Correspondent News, BREEZE LOS, Plaza at a Glance, eClosing and Digital Lending Tools

FHA 203(k)s are back

Posted by Plaza Wholesale on September 10, 2020

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.

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Topics: Wholesale News, Wholesale Program Updates, National Correspondent News, FHA Loans, Mini-Correspondent News, Government Loans, Renovation Loans

Now Accepting Remote Online Notarization (RON)

Posted by Plaza Home Mortgage on September 10, 2020

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.

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Topics: Wholesale News, National Correspondent News, Mini-Correspondent News, eClosing and Digital Lending Tools

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