Compensation Agreement: 1.625%
Min: No $ CAP

Contact Information:

https://amwestwholesale.com/

Company NMLS #167441

Steven S. Hong - Sr. Account Executive

213.321.1562 Mobile

Steven.hong@amwestfunding.com

6 Pointe Drive Suite 300 Brea, CA 92821

Lender overview

Basic information

QM Program

Conventional

Home One

Home Ready

Home Possible

FHA

FHA Streamline

VA IRRRL

VA High Balance

USDA

USDA Streamline

Loss Payee

AmWest Funding Corp. ISAOA ATIMA P.O. Box 2113 Carmel, IN 46082

CPL or Subordinate Clause

AMWEST FUNDING CORP ISAOA/ATIMA 6 POINTE DRIVE, SUITE 300 BREA, CA 92821

Lock policies & Fees

Lock Policies

Lock extension

.020 per day (Max 3 times extensions up to a total of 30 days). Must be requested before lock expiration.

Relock

Worst case pricing plus a 0.250 within 30 days (60 on Jumbo and HELOC) of lock expiration. After 30 days (60 on Jumbo and HELOC), current market.

Lock & Shop

Lender's niche & Overlays

Lender's Niche

We offer Non-QM Seconds (WVOE, P&L, Bank Statements, DSCR, No Ratio, and No Income (owner occupied))

Provide free hard-pull credit if you submit the loan to us. We do not offer soft pulls.

Allow lender credit to cover BPC for Agency, NonQM, Seconds, and HELOC only.

Lender's overlays

Seconds loans not allowed on New York and Texas. Maryland restrictions apply.

Hawaii, Missouri, New York are for Business Purpose Lending Only

Lender turn time

Initial underwrite (days)

CTC conditions review (days)

Initial CD (days)

Compensation Agreement: 1.625%Min: No $ CAP