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Plaza News + Updates

They're back! HomeStyle and CHOICERenovation Loan Programs

Posted by Plaza Home Mortgage on September 14, 2020

They're back: HomeStyle and CHOICERenovation Loan Programs

Plaza is excited to announce that we will begin accepting Fannie Mae® HomeStyle® and Freddie Mac CHOICERenovation® renovation loans again on Monday, September 8, 2020. And don’t forget we also accept FHA 203(k) loans, so when you think renovation, think Plaza. Visit our program page or contact your Plaza Account Executive to learn more.

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Topics: Wholesale Program Updates, FHA Loans, Renovation Loans, National Correspondent Program Updates

BREEZE AUS Access Video

Posted by Plaza Wholesale on September 10, 2020

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!

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

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

Reverse Jumbo Expands

Posted by Plaza Reverse on September 10, 2020

Plaza’s Reverse Jumbo is now available in Arizona, California, Colorado, Connecticut, Florida, Hawaii, Illinois, New Jersey, Oregon, Texas, and Utah with more states to follow soon. The Reverse Jumbo is a great option for clients in higher-value homes who want to tap into more equity than allowed by the current FHA HECM limits.

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Topics: Wholesale News, Wholesale Program Updates, Jumbo Reverse