Meet the TMS Team - Jamari Johnson

Apr 08 2016


At The Money Source, our Team strives to provide Rock Solid Service every day. The people who make up our team are the key to our success. Meet one of the members who makes up our Set-Up Team, Jamari Johnson. 

Jamari works in our Melville office and has been a part of the team since May 2015. This is his first job in the mortgage industry, and he is currently attending Old Westbury school for accounting. He loves working at TMS because of the wonderful people he gets to work with and that he gets to be himself.

Jamari is very orientated and he has family spread all throughout the country. He's lived in New York, Arizona, and Washington D.C. His hobbies include driving and taking road trips. 

More fun facts about Jamari:

  • Favorite Food: Buffalo wings
  • Favorite TV Show: The Office
  • Biggest Dream: He would want to own multiple income properties and flip houses!

Thanks to Jamari for sharing a little about himself!

Topics: Correspondent Loans, Meet the Team, The Money Source, Melville, New York, Meet the TMS Team, Set-Up, Jamari Johnson

Section 184 Indian Home Loan Guarantee Program

Jan 11 2016


As part of our extensive FHA program at The Money Source, we offer the Section 184 Indian Home Loan Guarantee Program. 

This program is specifically designed for America Indian and Alaska Native families, Alaska Villages, Tribes or Tribally Designated Housing Entities. It can be used, both on and off native lands, for new construction, rehabilitaion, purchase of an existing home, or refinance. 

The Department of Housing and Urban Development (HUD) established this program to help increase Native American homeownership, by increasing access to capital for Native Americans and guaranteeing these loans 100%. 

By becoming a partner of The Money Source, you and your clients will have access to this special program. If you already are partnered with TMS, contact your Account Executive for more information. If you have yet to partner with us, fill out our Become a Partner form and benefit from this program.

More information can also be found on the HUD website.

Topics: Correspondent Loans, FHA, TMS, The Money Source, Correspondent Mortgage, Section 184, Become a Partner, Pink Unicorn, Indian Home Loan Guarantee Program

Partnership vs Transactionship

Oct 30 2015

At The Money Source, we value Partnership over "Transactionship."

What is Transactionship?

It’s a word we use to refer to big bank lenders who don’t place a value on your future growth, but only focus on getting your loan today and maybe your members tomorrow!

Partnership vs Transactionship

Big Bank Lender (Transactionship)  TMS (Partnership)
Competes with me on the business I sold them     We don't compete with you
Refinances MY client We don't compete with you
Markets to MY clients We don't compete with you
A Retail channel that competes against ME We don't compete with you

Another example of how we value our partners - we offer co-branding on monthly mortgage statements for you! Check out our blog post for more information.

Take advantage of our Partnership! Become a Partner today with The Money Source!

Topics: Correspondent Loans, The Money Source, The Money Source Inc. partnership, The Money Source Inc., Correspondent co-branding, The Money Source Co-branding, partnership

Co-Branding Opportunity with TMS

Oct 26 2015

Don’t just sell your loan and lose your customer – sell your loan to a correspondent lender who is YOUR PARTNER!

At The Money Source we stand by our brand promise that Relationships Matter.

Our goal is to form a partnership with you so you can potentially reach a larger number of qualified clients and enjoy continued growth.

We’re excited to offer you the ability to reach YOUR customers via their monthly mortgage statement. This includes your logo and direct contact information featured prominently in YOUR customer's monthly statement. This allows you to build customer loyalty and help ensure repeat business.

This co-branding opportunity is available for our preferred clients - click here to Become a Partner today to take advantage of this great offer! 


Topics: Correspondent Loans, Correspondent partner, The Money Source, Co-branding, Partner, The Money Source Inc., Pink Unicorn

Did You Know?

Jul 31 2015


At The Money Source, we specialize in direct to agency loan securitization. Our goal is for our lending partners to reach a larger number of qualified clients with superior products and tools to enable exponential growth of their businesses.

Here are a few things you may have not known about The Money Source:

  • TMS does not have a retail channel to compete with you. If your client wants to refinance, we refer them back to you.
  • No Overlays! Our Credit Philosophy is to allow GSE guidelines and let you decide what overlays you might need. Empowering your underwriters to make fast and confident decisions, saving your company time and money on the front and back end of your loan process.
  • Our average purchasing turn time is under seven business days for the past 18 months.
  • QM without overlays! Rebuttable Presumption allowed with no overlays to DTI or documentation.
  • VA program niches: Cash-out to 100% LTV, IRRRL unlimited LTV/CLTV, No FICO IRRRL allowed, Manual UW to 50% DTI, High Balance priced as over $417K base loan amount (not the note loan amount).
  • EEM, GNND, DAPs allowed; Section 184 Indian Home Loans offered.
  • Manufactured homes allowed.
  • FHA: 550+; Follow the 4155/4000.1, whichever is applicable
  • 203k Full or Streamline

To become a partner with The Money Source and take advantage of our offerings, visit our Become a Partner page.

Intended for use by real estate and lending professionals only and not for distribution to consumers. This document is not an advertisement as defined in 12 CFR 226.2 (a) (2). All products are subject to credit and property approval. Program terms and conditions are subject to change without notice. Other restrictions and limitations may apply. NMLS # 6289. Subject to change without notice. All rights reserved. Equal Housing Lender.


Topics: USDA, Correspondent Loans, Manufactured Homes, FHA, VA, The Money Source, Corresondent Mortgage, The Money Source Inc., 203k rehab, Products and Services

USDA Financing for Newly Manufactured Homes

Jul 30 2015

USDA ManufacturedThe Money Source offers USDA permanent financing on newly constructed manufactured homes!

Our dedicated team works together to provide Rock Solid Service. We are committed to our clients' success with this specialized product.

Highlights of the USDA Manufactured program include:

  • Trade in current manufactured home for credit towards a BRAND NEW home.
  • Roll in all costs including trade in balance and interim payoffs into the new loan up to the full appraised value.
  • Separate land and home contracts allowed to be financed with the same
    purchase transaction.
  • Appraisal can be completed by any FHA roster appraiser and does not have to go through an AMC.
  • Single-wide manufactured homes allowed (minimum 12 feet in width and at least 400 sq. feet living area).
  • Credit scores as low as 580 with max ratios of 29/41%.

For more information on the USDA program, please visit our website.


Topics: Correspondent Loans, Manufactured Homes, The Money Source, USDA Loan Program, USDA Financing for Manufactured Homes, Products and Services

Meet the TMS Team - Freddy Casanova

Jun 04 2015


Welcome to another edition of Meet the TMS Team! Today we'll introduce you to Freddy Casanova, a Trader in our Secondary Department at The Money Source.

Freddy works in our main office in Melville, NY and has been a part of the team since January of 2013. Freddy's favorite thing about his job is the people he works with everyday. He also enjoys the challenge of trading mortgage backed securities.

Freddy loves to spend he free time with his family, his wife and his son, and making his son laugh. He also spends his time away from work coaching lacrosse.

Other fun facts about Freddy:

  • Favorite TV Show: Suites or The Walking Dead
  • Favorite Food: Spanish Food

Thanks to Freddy for sharing a little about himself.

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

Meet the TMS Team - Erik Nohre

May 26 2015


Welcome to another edition of our Meet the TMS Team series! Today you'll meet Erik Nohre, IT Helpdesk Specialist at The Money Source.

Erik is a part of our remote team and works from his home near Fairfax, VA and is a recent addition to our team - he started in March of this year. He chose TMS because he had heard great things about the company and he thought it would be a good place for person growth. When he's not at work, he likes to spend his free time playing golf.

The most influential person in Erik's life is his grandfather. He passed on a good work ethic to Erik's dad, and now Erik too.

Other fun facts about Erik:

  • Favorite Candy: Kit Kat
  • Favorite Movie: Rudy
  • Favorite Restaurant: Chuy's in Fairfax

Thanks to Erik for sharing a little about himself!

Topics: Fairfax, Correspondent Loans, VA, Meet Our TMS Team, The Money Source Inc., Erik Nohre, Correspondent Mortgage, Growing Happiness, TMS Team

Meet the TMS Team - Adam Gardonyi

May 15 2015


We are happy to introduce you to another member of our TMS Team. Today you'll meet Adam Gardonyi, a Collateral Exception Specialist.

Adam works in our main office in Melville, NY and has been with TMS since September of 2014. He chose The Money Source because of the people - he knew many people who worked at TMS from his previous job. This turned out great for Adam because it combined what felt like an old family into a new one.

When's he's not busy at work, he likes to spend his free time surfing.

Other fun facts about Adam:

  • Favorite Candy: Mars Bars
  • Favorite Book: The Bourne Identity by Robert Ludlum
  • Favorite Take-Out Restaurant: Any one that serves Pho because it's hard to find where he is!

Thanks to Adam for sharing a little about himself!


Topics: Adam Gardonyi, Correspondent Loans, TMS, Meet the Team, NY, The Money Source, Melville, Meet Our TMS Team, The Money Source Inc., Correspondent Mortgage

Meet the TMS Team - KimMaria Moore

May 11 2015


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.

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