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

More Reasons to Partner with The Money Source

Aug 31 2015

whypartnerwithtmsCheck out the top ten plus one reasons why you should partner with us!

  1. You have the potential to close more loans with us. Why? Your underwriter is able to follow Agency guidelines, not multiple investor overlays. We follow AUS findings and do not add overlays.
  2. Opportunity to increase your production. How? By allowing your staff to underwrite to Agency guidelines, your process will be more efficient. Not only will this translate into more volume but you will feel more confident that when you have an approval, it will actually be purchased.
  3. Manufactured home financing is now available on all products (FHA, VA, USDA, & FNMA). All with no overlays. (Singlewides included)
  4. Our 203K provides the flexibility for you or for us to administer draw requests, whichever you prefer. We follow FHA guidelines and once again, no overlays.
  5. High Balance with 550 FICO! Where else can you find that? Once again, no overlays.
  6. Manual Underwrites on VA loans with no restrictions. Did you know over 60% of all VA loans ran with DU are a Refer? Once again, no overlays, and we allow LP if you chose.
  7. HPML loans with rebuttable presumption? Yes, with no overlays.
  8. Mortgage only products. No FICO products. Yes, we allow them too.
  9. The majority of the loans we purchase are Govy loans, so we have experience with them.
  10. Our EASY system is an all-in-one online loan submission, delivery, pipeline management, locking, reporting, monitoring, & notification system built for you.
  11. Consistent turn times and service. We have averaged less than 8 days from delivery to purchase the past 18 months. We are quick but more importantly, we are consistent.

Fill out our Become a Partner form today to take advantage of all we have to offer!

Topics: VA loans, USDA Loans, Manufactured home financing, Correspondent partner, FHA Loans, The Money Source, The Money Source Inc. partnership, Partner, 203k loans, The Money Source Inc.

The Money Source and Conventional Loans

Jul 08 2015

Convetional
At The Money Source, we're known for being experts on Government programs like VA, USDA and FHA. That doesn't mean our Conventional program isn't also a great program.

For Conventional loans, we follow AUS findings with no overlays - check out some of the Conventional features below!

  • 5-10 financed properties
  • DU Refi Plus with any FICO to LTV/CLTV
  • Minimum 620 FICO - regardless of loan amount
  • No DTI restrictions with AUS approval
  • No minimum number of tradelines
  • Manufactured homes

For more features of the Conventional program, check out Conventional Highlights on our website. Visit our Become a Partner page to get more information on how you can partner with The Money Source.

 

Topics: Conventional loans, Conventional AUS, TMS Conventional Program, TMS loan program, The Money Source Inc. partnership, Conventional loan program, The Money Source Correspondent, Correspondent Conventional Loan, Products and Services, The Money Source Inc. Convetional Program

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