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Plaza News + Updates

Plaza’s new Agency Express just got better [pricing]

Posted by Plaza Wholesale on November 4, 2020

Get on the Express Track with Speedy Turn Times – and Now Lower Pricing for Wholesale!

Agency Express from Plaza Home Mortgage® offers brokers faster initial turn times on eligible core Fannie Mae® or Freddie Mac programs. It’s a streamlined Wholesale submission option for eligible W-2 or fixed income borrowers, plus you may be able to close in as few as 10-15 days.

And even better news – Plaza will waive the .50 bp Adverse Market Refinance Fee on new Wholesale Agency Express refis locked through the end of the year - 12.31.20!

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Topics: Wholesale News, Wholesale Program Updates, Plaza in the News, Plaza at a Glance

New Agency Express for Mortgage Brokers

Posted by Plaza Wholesale on October 23, 2020

Get on the Express Track with Best-in-Class Turn Times

Agency Express from Plaza Home Mortgage® offers brokers faster initial turn times on eligible core Fannie Mae® or Freddie Mac programs. It’s a streamlined submission option for eligible W-2 or fixed income borrowers with pricing they’ll love, plus you may be able to close in as few as 10-15 days.

Agency Express is available for purchase, rate/term and cash-out refinance on Conforming Balance and High Balance/Super Conforming loans.

Let’s get your deals on the Agency Express. Get more details on which loans qualify on our information page, or download our Snapshot to go a little deeper.

Talk to your Plaza Account Executive today and take advantage of the new Agency Express, or email us at hereforyou@plazahomemortgage.com.

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Topics: Wholesale News, Wholesale Program Updates, Plaza in the News, Plaza at a Glance

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