Simple Access® New Pricing Enhancements
Summer is upon us and we are really heating things up with our latest, amazing Simple Access Non-QM price improvement!!!
The following price improvements have been made:
- Base price improvement for Simple Access Investor Cash Flow (DSCR) by 25 bps
- Improvements to LTV/FICO LLPAs:
- FICOs 640-719 and LTVs up to 65: improved largely by 25 bps
- FICOs 640+ and LTVs >65: improved largely by 50 bps, with some LLPAs improved by as much as 75 bps. There is no price improvement for FICOs 640-659 with an LTVs >75.
Pricing enhancements have been updated in our pricing engine. Any exceptions approved (pricing or guideline) prior to the price improvements will have the potential pickup passed through on a case by case basis.