Our New Website!

Feb 04 2016

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We are pleased to announce the launch of our all-new correspondent website!

This site is built just for you with the information and ease of use you need to grow your business! This is also the primary gateway to our EASY loan portal.

Take a minute to check out our new website and use this new URL as a link to your successful partnership with The Money Source. 

https://correspondent.themoneysource.com

If you haven't partnered with The Money Source yet - fill out our Become a Partner form and get started today!

Topics: Correspondent, The Money Source, Pink Unicorns

We Honor Those Who Served

Nov 11 2015

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At The Money Source, we believe in providing programs and support for our Veterans and their families.

By offering specific programs with highlights that make it easy for our Veterans to realize their dream of homeownership, we can offer our gratitude for their service.

The VA program at TMS follows AUS findings on all loans down to 550 or higher FICO score. Other highlights of the program include:

  • VA cashout to 100% LTV
  • AUS Refer (Manual UW) on VA loans acceptable
  • Manufactured homes
  • VA IRRRL without appraisal to any LTV with min 620 FICO
  • VA IRRRL with an appraisal min 550 FICO
  • VA IRRRL no FICO allowed

Fill out our "Become a Partner" page on our website to become an approved correspondent and offer this program to your clients!

Topics: Correspondent, VA, NY, The Money Source, Melville, VA Loan, The Money Source Correspondent, Veterans, VA Mortgage, TMS VA, The Money Source Inc., TMS correspondent, Products and Services, Mortgages for Veterans, Pink Unicorn

We Honor Those Who Served

Nov 11 2015

TMS_Veterans.jpg

At The Money Source, we believe in providing programs and support for our Veterans and their families.

By offering specific programs with highlights that make it easy for our Veterans to realize their dream of homeownership, we can offer our gratitude for their service.

The VA program at TMS follows AUS findings on all loans down to 550 or higher FICO score. Other highlights of the program include:

  • VA cashout to 100% LTV
  • AUS Refer (Manual UW) on VA loans acceptable
  • Manufactured homes
  • VA IRRRL without appraisal to any LTV with min 620 FICO
  • VA IRRRL with an appraisal min 550 FICO
  • VA IRRRL no FICO allowed

Fill out our "Become a Partner" page on our website to become an approved correspondent and offer this program to your clients!

Topics: Correspondent, VA, NY, The Money Source, Melville, VA Loan, The Money Source Correspondent, Veterans, VA Mortgage, TMS VA, The Money Source Inc., TMS correspondent, Products and Services, Mortgages for Veterans

FHA 203(k) - For Those Who See Possibilities

Aug 13 2015

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The 203(k) Rehab Loan helps borrowers rehabilitate their property with a single loan that
finances both the purchase price and the costs of home improvements.

This is the perfect program for those homebuyers who want to take a fixer-upper and transform it into their dream home!

Highlights of the 203(k) program are:

  • 30-year fixed FHA renovation program
  • Contractor chosen by buyer
  • Seller receives agreed upon sale price
  • Buyer’s loan includes rehab escrow account
  • Work begins at closing
  • “After improved” value used to approve loan
  • Cost of work is included in the loan
  • Program uses an easy FHA “subject to” appraisal
  • Full 203k - Extensive repairs - $35,000+
  • Streamline 203k - Smaller repairs - $5,000 to $34,999

To take advantage of our 203(k) program and all The Money Source has to offer, visit our Become a Partner page!

Topics: Correspondent, FHA, The Money Source, 203k, Pink Unicorn, Renovation

Meet the TMS Team - Sarah Mabina

Jul 29 2015

SarahMabina

We are pleased to introduce you to another member of our Team. Today you'll meet Sarah Mabina, Records Retention Specialist.

Sarah works in our main office in Melville, NY and is a newer addition to The Money Source Team. She choose The Money Source because she was looking for a career change that fit her lifestyle. The hours and location of TMS, along with her previous banking industry experience, were a perfect fit for Sarah. When she's not busy at work, she likes to spend her free time reading.

The most inspirational person in her life is her husband. Even though he's had to overcome many health obstacles, he's always maintained a positive attitude. He lives by his values and morals and does whatever he can to help others.

Other fun facts about Sarah:

  • Favorite Candy: Almond Joy
  • Favorite Book: The Coldest Winter Ever by Sister Souljah
  • Favorite Take-Out Restaurant: Cheesecake Factory

Thanks to Sarah for sharing a little about herself!

Topics: Correspondent, Records Retention Specialist, NY, The Money Source, Melville, Sarah Mabina, Meet Our TMS Team, The Money Source Inc., Correspondent Mortgage

Supporting Our Veterans Through the VA Program

Jun 26 2015

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At The Money Source, we believe in providing programs and support for our Veterans and their families.

By offering specific programs with highlights that make it easy for our Veterans to realize their dream of homeownership, we can offer our gratitude for their service.

The VA program at TMS follows AUS findings on all loans down to 550 or higher FICO score. Other highlights of the program include:

  • VA cashout to 100% LTV
  • AUS Refer (Manual UW) on VA loans acceptable
  • Manufactured homes
  • VA IRRRL without appraisal to any LTV with min 620 FICO
  • VA IRRRL with an appraisal min 550 FICO
  • VA IRRRL no FICO allowed

Fill out our "Become a Partner" page on our website to become an approved correspondent and offer this program to your clients!

Topics: Correspondent, VA, NY, The Money Source, Melville, VA Loan, The Money Source Correspondent, Veterans, VA Mortgage, TMS VA, The Money Source Inc., TMS correspondent, Products and Services, Mortgages for Veterans, Pink Unicorn

Meet the TMS Team - KimMaria Moore

May 11 2015

KimMaria

It's time to introduce you to another member of our team! Today you'll meet KimMaria Moore, Purchasing Coordinator at The Money Source.

KimMaria works in our main office in Melville, NY and has been with TMS since February of this year. She was recommended to TMS and her decision to join the team was an easy one. KimMaria appreciates the potential to grow as a company and as an individual. She also loves how her fellow employees are so wiling to teach one another. When she's not busy at work, KimMaria likes to keep active by swimming, riding her bike and tackling 1,000 piece puzzles.

The most influential people in her life are both of her Grandmothers who have passed away, but had a big part in raising her. Her mother also serves as an influential person in her life because she continues to show her the way to go in life even as a grown person.

Other fun facts about KimMaria:

  • Favorite Candy: Almond Joy
  • Favorite Books: Dr. Seuss and Archie
  • Favorite Take-Out Restaurant: The Door in NY.

Thanks to KimMaria for sharing a little about herself!

 

Topics: Correspondent Loans, Correspondent, NY, The Money Source, Mellville, KimMaria Moore, Meet Our TMS Team, The Money Source Inc.

Meet the TMS Team - Michele Montalvo

May 01 2015

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We are pleased to introduce you to another member of our TMS Team! Today you'll meet Michele Montalvo, Senior Compliance Coordinator here at The Money Source.

Michele works at our main office in Melville, NY and has been on the team for almost eight years! Back in 2007 a friend asked her if she would be interested in a temp position, answering phone calls for a small mortgage company. She accepted the position and quickly moved to a full time receptionist and opener - handling the branch and broker applications. Now, eight years later she is fully involved in Licensing and Compliance. She is so grateful to be a part of the TMS and she can't wait to be a part of the company's future growth.

During her free time, she likes to work out! She even likes to take her kids along with her. The most influential person in her life is her mother. She worked hard to not only provide for her family, but to also be the best mother she could be to Michele and her brothers. Michele takes her advice as much as she can when it comes to raising her own two girls.

Other fun facts about Michele:

  • Favorite Candy: Kit Kats are her weakness
  • Favorite Book: The Twilight Series
  • Favorite Take-Out Restaurant: Greek, Italian, Chinese - all of the above!

Thank you so much to Michele for sharing a little about herself!

Topics: Correspondent Loans, Correspondent, NY, The Money Source, Melville, Michele Montalvo, Meet Our TMS Team, The Money Source Inc., Correspondent Mortgage

Meet the TMS Team - Alyssa Sagarese

Apr 09 2015

AlyssaS

We are pleased to introduce you to another member of our TMS Team. Today you'll meet Alyssa Sagarese, Loan Servicing Specialist at The Money Source.

Alyssa works at our main office in Melville, NY and has been here since September of 2014. Alyssa's sister works here at TMS and heard only good and positive things about being a part of the team. She loves how caring and understanding everyone is and how she has room to grow her professional career.

Alyssa loves to spend her time away from work outside. From hiking to biking to going to the beach, she does it all. She also has a small side business of making henna tattoos for events like birthdays and weddings.

The biggest inspiration in her life is her Grandma. In her 106 years of life, she has lived through so much - two wars, the invention of modern technology and so much more. She is such a caring and loving person, Alyssa strives to be just like her.

Other fun facts about Alyssa:

  • Favorite Candy: She loves any and all types of candy!
  • Favorite Book: Any Chuck Palahniuk book, especially Lullaby
  • Favorite Take-Out Restaurant: Anything sushi

Thank you to Alyssa for sharing a little about herself!

Topics: Mortgage, Correspondent, NY, The Money Source, Melville, Meet Our TMS Team, Alyssa Sagarese, Mortgages

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