360 Mortgage Group, LLC would like to wish you and your family a safe and Happy Thanksgiving Day!
360 Mortgage Group, LLC (360 Mortgage Group) Vice President of National Production, Al Crisanty, is quoted in a National Mortgage News article titled, “Two Wholesalers Get Aggressive On Pricing; Price Wars to Follow?.” In the article, Mr. Crisanty discusses 360 Mortgage Group’s new pricing model and how it will benefit the mortgage broker community and help the company gain market share and recruit more sales professionals.
The full National Mortgage News can be seen here.
360 Mortgage Group, LLC is pleased to announce that Joseph Kowalewski has joined the Company as its new Regional Manager for the East Region of the U.S. Mr. Kowalewski brings not only 30 years of mortgage industry experience to 360 Mortgage Group, but also a successful track record of building and leading sales teams in the Eastern region as well as extensive market and product knowledge.
Mr. Kowalewski will focus on expanding 360 Mortgage Group’s market share by providing mortgage brokers with superior technology, service and access to the Company’s new competitive pricing model, which gives mortgage brokers a competitive pricing advantage across its entire product portfolio.
Before joining 360 Mortgage Group, Mr. Kowalewski worked for NYCB Mortgage LLC, a division of New York Community Bank where he served as East Division Manager and North East Regional Manager. Previously, he spent eight years as a Senior Vice President at Citimortgage managing the East Division sales staff that funded, at its height, over $18 billion. During his career, Joseph also worked for First Union Mortgage Corporation as a Senior Vice President and U.S. Mortgage Corporation as an Assistant Vice President.
Mr. Kowalewski will be based in Marlton, New Jersey and can be reached at 609-744-7833 or email@example.com.
360 Mortgage Group remains 100 percent committed to the wholesale channel. The company continues to aggressively recruit high-quality Account Executives throughout the U.S.
360 Mortgage Group has launched a new aggressive pricing model on all currently offered mortgage products to further support the mortgage brokerage and correspondent lending communities.
Effective November 1, 2013, 360 Mortgage Group has made significant improvements to their pricing. This improvement translates into an overwhelming advantage for both wholesale and correspondent customers by offering competitive interest rates across the entire product spectrum, including conforming and government products, as well as streamline and HARP products.
360 Mortgage Group is 100 percent committed to the wholesale and correspondent channels and is excited to now offer mortgage brokers and third party lenders access to one of the most competitive pricing models for both mainstream and niche mortgage products.
For more information on current products and interest rates please visit https://www.360mtg.com or call 866-418-2997.
360 Mortgage Group, LLC remains committed to the wholesale channel, even as many other lenders exit the business. The company has expanded its recruitment of high-quality Account Executives throughout the U.S. 360 Mortgage Group is hiring Account Executives to help mortgage brokers take advantage of its new aggressive pricing model by offering them the opportunity to deliver the best pricing and service to borrowers, while maximizing their earnings potential.
Competitive pricing, access to a full suite of products and best-in-class technology and service are all part of 360 Mortgage Group’s compelling value propositions to third party originators.
For more information on joining 360 Mortgage Group as an Account Executive please call 866-418-2997.
In Rob Chrisman daily email today, he covered the exciting news that 360 Mortgage Group LLC will be launching a new aggressive pricing model. Below is what Rob mentioned:
“Not only is 360 Mortgage expanding, looking for interested operations and sales personnel (wholesale AEs) in all 50 states, but the company, unlike is competitors, to date has not terminated a single operations or sales employee. And “to celebrate Halloween, 360 Mortgage is offering a 100bps pricing special on conforming products and 200bps on government products. This is also to kick off our new aggressive pricing model which goes in to effect on November 1st. This new model takes 360 from being the industry technology and service leader to one of the top pricing leaders!” Candidates should send resumes or inquiries to firstname.lastname@example.org.”
For more information, please call 866-418-2997.
On Monday October 7, 2013, 360 Mortgage Group, LLC (360 Mortgage Group) began accepting Manufactured Home property types on DU Refi Plus eligible loans. Essentially 360 Mortgage Group removed the property type restriction it had on HARP loans, and will now accept all property types that are HARP eligible and receive an approve/eligible AUS finding.
In addition, 360 Mortgage Group has amended the 4506-T tax return validation (“TRV”) requirements. Borrowers must provide signed
tax returns in lieu of a TRV from the IRS. A signed 4506-T is still required, however a TRV will not be pulled during the government shutdown. There are some rare situations in which the TRV from the IRS will be required (for example more than five properties on the REO), but those scenarios are FNMA imposed and identified on the AUS.
For more information please call 866-418-2997.
HousingWire published a story titled, “Impac Mortgage Holdings re-enters the warehouse lending business,” and Andrew Weiss-Malik, Chief Operating Officer of 360 Mortgage Group, LLC, discusses how the company strategically entered the correspondent channel in 2012 to be ahead of the curve and be prepared for the evolving lending market.
Some highlights from Andrew Weiss-Malik in the story are below:
- Today, lenders are moving into the correspondent channel to stay competitive in a changing marketplace, especially as refi volumes cool and rising mortgage rates challenge lenders.
- Many wholesale lenders are now opening up a correspondent platform to shore up volume because
of excess capacity.
- Transitioning quickly into correspondent lending is not easy. Lenders in the correspondent channel have to purchase loans quickly and many lenders entering this channel are not experienced enough or capable of buying loans fast enough.
- Many lenders also lack the systems and processes as well as the technology.
- Correspondent lending does have an easier compliance component, as it seems the seller is responsible for all of the compliance. But lenders need to ensure all loans in the system remain compliant to avoid any put-back request by housing agencies.
The full HousingWire article can be seen here.
360 Mortgage Group, LLC (360 Mortgage) is pleased to announce that Scott Brackett has joined the company as its new Regional Manager of the Western Region of the United States. Mr. Brackett will focus on expanding 360 Mortgage’s wholesale lending platform throughout Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Utah, Washington, and Wyoming.
Mr. Brackett is an accomplished professional and mortgage industry veteran, who brings decades of origination knowledge and experience to 360 Mortgage’s leadership team. He joins 360 Mortgage from the Private Mortgage Group at Wells Fargo, where he directed, managed and coached the specialized team of Private Mortgage Bankers. Prior to this position, Mr. Brackett was a Vice
President/Regional Sales Manager at Carrington Holding Company as well as a Vice President/Regional Production Manager at Morgan Stanley/Saxon Mortgage. He has also held positions at Fremont Investment and Loan and Associates First Capital/CitiFinancial.
Scott Brackett can be reached at email@example.com.
For more information, please see our official press release here.
National Mortgage Professional recently covered 360 Mortgage Group, LLC’s (360 Mortgage) decision to enter the top tier mortgage market with an aggressive pricing program under the name Conforming Elite in a story titled, “360 Mortgage Gets Aggressive With New Conforming Elite Program.” In the story, Mark Greco, 360 Mortgage’s President, discussed not only the Conforming Elite program, but also the Company’s commitment to the wholesale channel and its focus on offering the right mix of products to help brokers grow their business.
According to Mr. Greco:
“The introduction of our Conforming Elite program now positions 360 Mortgage as the one-stop/go-to wholesale lender for both top tier mortgage products and higher LTV loans such as HARP. Mortgage brokers partner with 360 Mortgage because of our total value approach, which includes easy-to-use and efficient technology, product knowledge and best-in-class service. With the introduction of our Conforming Elite program, mortgage brokers now can benefit from two additional key value propositions, an expanded product portfolio and the most competitive pricing in the wholesale channel, to help clients with top credit scores and low LTV purchase or refinance of a home.”
Conforming Elite Guidelines are:
- 30-year and 15-year fixed loans
- Loan limit of $417,000
- SFR or PUD property type.
- Primary or a second home
- Maximum LTV is 80%
- Minimum FICO is 720.
- Agency cash out not permitted (TX A6 are eligible if the new transaction is not an agency cash out).
- No subordinate financing on the subject property.
The full National Mortgage Professional article can be seen by clicking here.