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.

USDA Loans At The Money Source

Jun 24 2015


Our committement at The Money Source is to form a partnership with our customers. One product we offer through this partnership is the USDA loan program. USDA loans are a part of the Government's Rural Development program.

The USDA home loan program is geared toward rural areas, with certain income eligibility requirements for applicants. At TMS, we follow RHS guidelines with no overlays and offer some niches for the USDA program, which include:

  • 100% financing, no down payment with 550+ FICO
  • Manual Underwriting acceptable
  • Higher DTIs acceptable as long as RHS approved
  • Manufactured Homes allowed on new construction purchases

If you want to find out more about how you can take advantage of our USDA program, fill out our Become a Partner page! You can also visit our website for more information on The Money Source.

The Money Source Inc. is not affiliated with or acting on behalf of or at the direction of the Department of Housing and Urban Development or the Federal Housing Administration, or the Federal government.


Topics: USDA Loans, Homeownership, The Money Source, Grow Happiness, USDA Rural Development, USDA Loan Program, The Money Source Inc., TMS correspondent, Products and Services, Pink Unicorn

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