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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

It’s here! The New Dashboard in BREEZE

Posted by Plaza Wholesale on January 14, 2022
The all-new Dashboard is ready in the Plaza Home Mortgage® BREEZE system and we’re excited for you to experience it!
 
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Topics: Wholesale News, Wholesale Program Updates, BREEZE LOS, Plaza at a Glance, Mini-Correspondent News, Mini-Correspondent Program Updates

BREEZE AUS Access

Posted by Plaza Wholesale on December 17, 2021

We were working hard over the weekend at Plaza Home Mortgage® and now the enhanced AUS Access screen in BREEZE is ready for you!

We've simplified the way you run an AUS, and now the AUS Access screen gives you one place to run both DU® and LPA®.

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

[Wholesale] VA Appraisals Handled: Payment and Ordering

Posted by Plaza Wholesale on October 15, 2021

Plaza Home Mortgage® is a leader in VA lending and has been for decades. Now, we are making it even easier for you to deliver the service your VA borrowers have earned.

Skip the VA Web Portal and let us handle the legwork for your VA appraisals. If you request our help, we’ll send your borrower a secure web link so they can pay for their appraisal online, and then we’ll process the appraisal order on your behalf. All it takes to get started is emailing a request to our Client Service Department (CSR) – and we’ll take it from there!

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

[Wholesale] Solutions Non-QM is Back!

Posted by Plaza Wholesale on September 29, 2021

Plaza Home Mortgage® is happy to reintroduce Solutions Non-QM for our broker clients! We are here to help you fit the home finance needs of self-employed professionals and other non-W2 borrowers – with more flexibility and enhanced service levels.

Our Solutions Non-QM program has expanded eligibility guidelines and alternative documentation options:

  • Standard documentation
  • Bank statement (12 and 24 month)
  • P&L
  • VOE
  • 1099
  • Asset depletion

Plaza also offers a free Bank Statement Income Calculation service, a dedicated Scenario Desk and Non-QM Underwriting team to give you fast and accurate answers to your questions.

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

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

Announcing Wholesale Conforming and Super Conforming ARMs

Posted by Plaza Wholesale 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: Wholesale News, Wholesale Program Updates, Plaza at a Glance, Mini-Correspondent News, Mini-Correspondent Program Updates