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, 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

Did You Know?

Jul 31 2015

tmsDIDYOUKNOW

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

Supporting Our Veterans Through the VA Program

Jun 26 2015

New_TMS_VA_Social.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, Pink Unicorn

Meet the TMS Team - Erik Nohre

May 26 2015

Erik

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

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