Verus Wholesale

Verus Wholesale

7900 International Drive, Suite 225, Bloomington, MN 55425

https://verusmc.com/

Internal Reviews

(0 reviews)

Total loans closed with Loan Factory
17,923

Total loans closed with Loan Factory (past 12 months)
14,517

Lender overview

Basic information

N/A

Insurance Mortgagee Clause: Verus Residential Loanco, LLC c/o Shellpoint Mortgage Servicing ISAOA/ATIMA, PO Box 7050, Troy, Ml 48007-7050

CPL Lender Clause: Verus Residential Loanco, LLC ISAOA/ATIMA, 2001 M St NW, Ste 300, Washington, DC 20036 TX CPL Lender Clause: Verus Residential Loanco, LLC , and each successor in ownership of the indebtedness secured by the insured mortgage, except a successor who is an obligor under the provisions of Section 12 (c) of the Conditions, 2001 M St NW, Ste 300, Washington, DC 20036

Lock policies & Fees

Lock Policies

Locks may be extended for 5, 10, 15, 20, or 30 days.
Two (2) lock extensions may be requested; however, the cumulative lock extension maximum may not exceed 45 days from the initial expiration date.
The cumulative lock period including extensions may not exceed 75 days.

The loan will be relocked for 15 days. If additional days are needed, contact the Broker Coordinator to request an extension. Standard fees will apply.
Executing a relock is an irreversible transaction and results in mandatory lock subject to a pair-off fee.

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Lender's niche & Overlays

We are the NonQM market maker.  We are not a Niche Lender.

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Lender turn time

3

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1

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