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NFM Wholesale mortgage

Rates and Programs

RESIDENTIAL WHOLESALE LENDING RATESHEETS

National Future Mortgage Inc. generally publishes rates between 10:00am and 11:00am EST.  All lock requests and registrations must be submitted in writing via this website, email or via fax.  It is our policy to have a rate confirmation back to you by the end of the business day.  We highly encourage you that if you have not received a confirmation or receipt on your loan registration by 4:30 pm that you notify your loan representative.

 

Todays current residential rate sheet:   Current wholesale ratesheet (These rates are for mortgage professionals only  - not for public use)

 

Todays current portfolio Jumbo rate sheet:  See Page 3 of the standard ratesheet for pricing.

THESE PRODUCTS ARE ONLY AVAILABLE IN:         NJ PA DE

* We will consider loans on a national basis - please call for loan acceptance in your area.

* NFM will forward a completely redisclosed package to your attention for further signature by the borrower.  This package must be signed and returned prior to closing.

* Turn times for Portfolio Jumbo deals generally take longer and could be up to 10 business days.

* We reserve the right to order appraisals and title on Portfolio Jumbo Loans.  This is irregardless of whether the file already contains this info.

 

If you would like to lock your loan online please click here to complete the online registration and email your request.

Loan registration/lock form

EMAIL Address to NFM Lock desk:           whsllock@nationalfuturemortgage.com

Fax wholesale lock desk:                              856-210-1873

 

Full file submissions for either Residential or Commercial may be overnight mailed to:   2 Eastwick Drive, Suite 300, Gibbsboro, NJ 08026

Fax loan submissions to:  856-210-1812

Email submissions to:       whslloan@nationalfuturemortgage.com

Rate Lock Policies and guidelines:

  1. NFM Inc. will honor all lock request as they are originally submitted. NFM Inc. will not honor verbal communications to lock or extend an interest rate lock.
  2. The broker is responbsible for the accuracy of the information completed on the loan registration form. 
  3. Errors arising from incorrect information, unreadable, blank or illegible handwriting are at the expense of the broker. 
  4. Brokers are responsible for all rate lock expirations.  Upon the expiration of a rate lock the broker will be subject to worst case pricing on the loan. 
  5. Any changes made to a registered loan in the form of product, type and term will be repriced at worst case pricing the day of the change.
  6. Duplicate loan registrations will be honored on the first loan registration.
  7. Multiple locks on the same borrower from different brokers will be honored on a first lock basis.
  8. All locks may be extend 2 times for up to an additional 30 days at a cost of .275bps for each 15 day extension.

 

COMMERCIAL WHOLESALE LENDING

Commercial Portfolio products available in the following states NJ, PA, DE, MD and NY metro areas.

General Guidelines Commercial Portfolio loans:  Commercial Guidelines

 

Commercial loans generally do not have a rate lock option ahead of time. Typically the option to lock in a rate is given 5 days prior to closing and in some instances at commitment.

If you have a loan scenario under our commercial loan product and you would like to submit a prelimianry proposal please email the following information to whslscenario@nationalfuturemortgage.com or fax to (856)210-1855

  • Standard 1008 and 1003
  • Borrowers authorization
  • Credit report
  • Photo's of the subject property
  • Rent Roll

Full file submissions for either Residential or Commercial may be overnight mailed to:   2 Eastwick Dr. Ste 300, Gibbsboro, NJ 08026

Fax loan submissions to:  856-210-1812

Email submissions to:       whslloan@nationalfuturemortgage.com

 

Scenario Submissions

Do you have a loan scenario that you are unsure of how to do or whether it will qualify?  we will pre-qualify your deal for you.  Send in the following docs or email us the following info and we will respond within 24 hours.

 

 

National Future Mortgage will not fund or purchase a high cost loan as defined in Sec.. 32 of Reg. Z or inapplicable State or local predatory Lending laws. This is not an advertisement. These rates and products are only available to mortgage industry professionals and are not offered to the general public. This website is in no way to be constured as offering rates or programs or qualifying under the disclosure laws of Reg. Z for APR purposes. Consumers may contact us at 800-291-7900 for further information.


RATES SUBJECT TO CHANGE AT ANY TIME WITHOUT NOTICE.
NFM licensed states: CA, CO, CT, DE, FL, IL, IN, IA, KY, MD, MA, MI, MT, NE, NJ, NY, NC, SC, OR, PA, TN, TX, VA, WV, WI