Solve Mortgage
5016 Parkway Calabasas, Calabasas, CA 91302
www.solvemortgage.com
Internal Reviews
(0 reviews)
Total loans closed with Loan Factory
18,296
Total loans closed with Loan Factory (past 12 months)
14,768
Lender overview
Basic information
Jumbo
Conventional
PFN Lending Group, Inc. ISAOA 5016 North Parkway Calabasas, Suite 200 Calabasas, CA 91302
PFN Lending Group, Inc. ISAOA 5016 North Parkway Calabasas, Suite 200 Calabasas, CA 91302
Lock policies & Fees
Lock Policies
Lock Cut-Off 3-4 pm pst depending on loan product.
Lock extension:
5,10, or 15 days. Approx .250 per 15 days Depends on the Investor Product
Worst Case Pricing plus .250 to fee if relocked in 30 days.
No
Lender's niche & Overlays
- DSCR - no stated income up to 85% LTV
- P&L ONLY - no bus.
- 1099 ONLY - use 90% of 1099 income
- ASSET UTILIZATION - No DTI Calculated - Reserves must = 100% of loan + 5 yrs debt
COMBINE DOC TYPES
- Combine Alt-Doc with Non-Self Employed
- Combine different types of Alt-Doc
- Combine Asset Utilization with Full Doc & Alt-Doc (Most programs)
CREDIT
○ 620 MIN FICO
○ NO TRADELINES - if Primary Borrower has all 3 Scores
○ BK & FORECLOSURE
○ USE PRIMARY EARNER SCORE
- $250,000 Minimum Loan Amount (exceptions allowed with additional 1.000 cost)
- Add 0.250 to cost for all New York loans (must be NOO in an Entity for NY)
- Investor No Prepay Pricing comes with a 7 Mo. Prepay to protect Broker Comp
- For Investment Properties vesting an Entity, all Entity Member must be individuals
- No Exception Requests on Series B2 and Series H < $1.0M
- Series B2 lock periods are 25/40/55 (not 30/45/60 as posted)
- Maximum 8 Units for Series H DSCR
- Maine, Missouri, Nebraska, New Hampshire, New York, West Virginia, Wyoming are for business purpose loans, BPC only.
Lender turn time
3
2
2
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