Bayview Loan Servicing, Helping You House America · Non-Warrantable Condo (Non-QM) • 70% LTV or...
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Bayview Loan Servicing, LLC. Summary of Portfolio Products Bayview Loan Servicing, Helping You House America Early Access Product (QM) • Up to $850,000 loan amount • 620+ FICO • 80% LTV or less • 43% DTI or less • 15-year and 30-year fixed-rate • Competitive 5/1 and 7/1 low interest rate ARMs available • Eligible for non-warrantable condos, when primary or secondary residency • Second homes and investment properties permitted Alternative Income Product (Non-QM) • Up to $1,500,000 loan amount • 700+ FICO • 80% LTV or less • 43% DTI or less • 15-year and 30-year fixed-rate • Competitive 5/1 and 7/1 low interest rate ARMs available • Eligible for non-warrantable condos, when primary or secondary residency • Second homes and investment properties permitted • Cash-out loans available Asset Inclusion Product (Non-QM) • Up to $1,500,000 loan amount • 700+ FICO • 80% LTV or less • 15-year and 30-year fixed-rate • Competitive 5/1 and 7/1 low interest rate ARMs available • Eligible for non-warrantable condos, when primary or secondary residency • 6 or 12 months reserves • Second homes and investment properties permitted Expanded Ratio (Non-QM) • Up to $1,500,000 loan amount • 700+ FICO • 80% LTV or less • 15-year and 30-year fixed-rate • Competitive 5/1 and 7/1 low interest rate ARMs available • 55% DTI or less • Eligible for non-warrantable condos, when primary or secondary residency • 6 or 12 months reserves • Cash-out loans available Who may not meet traditional income documentation standards Best for Customers... Who have previously experienced a credit event including bankruptcy or foreclosure Best for Customers... Who are unable to meet traditional debt-to-income requirements Bayview Loan Servicing, LLC. 1301 Virginia Drive, Suite 403. Fort Washington, PA. 19034 © 2014-2015 Lakeview Loan Servicing, LLC. NMLS #391521 Bayview Loan Servicing, LLC. NMLS #2469, Equal Housing Lender. TPO-0122-001 Lakeview/Bayview Wholesale Programs are offered to qualified residential lending institutions and are not applicable to the general public and/or individual consumers. Who meet our low balance requirements through retirement or non-liquid assets Best for Customers... Best for Customers... Non-Warrantable Condo (Non-QM) • 70% LTV or less on all non-warrantable condo portfolio loans • 60% of total units must be sold or under contract/pending sale • 20% or less of the total units may be owned by one single entity • Condotels may be considered if the project is residential in nature • 10% reserve allocation not needed if current reserve balance exceeds 20% of operating expenses • No more than 25% of the unit owners are more than 30 days delinquent Turn for additional product information. Who are interested in non-warrantable properties Best for Customers...
Transcript of Bayview Loan Servicing, Helping You House America · Non-Warrantable Condo (Non-QM) • 70% LTV or...
Bayview Loan Servicing, LLC.
Summary of Portfolio ProductsBayview Loan Servicing, Helping You House America
Early Access Product (QM)• Up to $850,000 loan amount• 620+ FICO• 80% LTV or less• 43% DTI or less• 15-year and 30-year �xed-rate• Competitive 5/1 and 7/1 low interest rate ARMs available• Eligible for non-warrantable condos, when primary or secondary residency• Second homes and investment properties permitted
Alternative Income Product (Non-QM)• Up to $1,500,000 loan amount• 700+ FICO• 80% LTV or less• 43% DTI or less• 15-year and 30-year �xed-rate• Competitive 5/1 and 7/1 low interest rate ARMs available• Eligible for non-warrantable condos, when primary or secondary residency• Second homes and investment properties permitted• Cash-out loans available
Asset Inclusion Product (Non-QM)• Up to $1,500,000 loan amount• 700+ FICO• 80% LTV or less• 15-year and 30-year �xed-rate• Competitive 5/1 and 7/1 low interest rate ARMs available• Eligible for non-warrantable condos, when primary or secondary residency• 6 or 12 months reserves• Second homes and investment properties permitted
Expanded Ratio (Non-QM)• Up to $1,500,000 loan amount• 700+ FICO• 80% LTV or less• 15-year and 30-year �xed-rate• Competitive 5/1 and 7/1 low interest rate ARMs available• 55% DTI or less• Eligible for non-warrantable condos, when primary or secondary residency• 6 or 12 months reserves• Cash-out loans available
Who may not meet traditional income documentation standards
Best for Customers...
Who have previously experienced a credit event including bankruptcy or foreclosure
Best for Customers...
Who are unable to meet traditional debt-to-income requirements
Bayview Loan Servicing, LLC. 1301 Virginia Drive, Suite 403. Fort Washington, PA. 19034© 2014-2015 Lakeview Loan Servicing, LLC. NMLS #391521 Bayview Loan Servicing, LLC. NMLS #2469, Equal Housing Lender. TPO-0122-001
Lakeview/Bayview Wholesale Programs are o�ered to quali�ed residential lending institutions and are not applicable to the general public and/or individual consumers.
Who meet our low balance requirements through retirement or non-liquid assets
Best for Customers...
Best for Customers...
Non-Warrantable Condo (Non-QM)• 70% LTV or less on all non-warrantable condo portfolio loans• 60% of total units must be sold or under contract/pending sale• 20% or less of the total units may be owned by one single entity• Condotels may be considered if the project is residential in nature• 10% reserve allocation not needed if current reserve balance exceeds 20% of operating expenses• No more than 25% of the unit owners are more than 30 days delinquent
Turn for additional product information.
Who are interested in non-warrantable properties
Best for Customers...
Bayview Loan Servicing, LLC.
Summary of Portfolio Products
Bayview Loan Servicing, Helping You House America
Who are experienced investors
Best for Customers...
About Us
Bayview Loan Servicing o�ers innovative portfolio products. Lakeview Loan Servicing provides access to a full range of agency residential mortgage products.
Bayview Loan Servicing, LLC and Lakeview Loan Servicing, LLC are members of a family of companies owned or managed by Bayview Asset Management, LLC. Bayview companies have been managing mortgage assets since 1995.
Agency Products Also Available
Lakeview Loan Servicing o�ers a full range of agency products under Fannie Mae and Freddie Mac guidelines. Contact your representative or visit our website for details and complete product matrices:
www.lakeviewwholesale.comwww. lakeviewcorrespondent.com
Bayview Loan Servicing, LLC. 1301 Virginia Drive, Suite 403. Fort Washington, PA. 19034© 2014-2015 Lakeview Loan Servicing, LLC. NMLS #391521 Bayview Loan Servicing, LLC. NMLS #2469, Equal Housing Lender. TPO-0122-001
Lakeview/Bayview Wholesale Programs are o�ered to quali�ed residential lending institutions and are not applicable to the general public and/or individual consumers.
We make exceptions! Speak with your representative or contact [email protected] and learn about the �exibility of our products.
Contact Us
85-LAKEVIEW
(855-253-8439)
LakeviewWholesale.comLakeviewCorrespondent.com
Investor Product (Non-QM)• Up to $1,00,000 loan amount• 680+ FICO• 65% LTV or less• 43% DTI or less• 15-year and 30-year �xed-rate• Competitive 5/1 and 7/1 low interest rate ARMs available• 12 month reserves• Cash-out loans available
Bayview Loan Servicing, Helping You House America
Our new Investor product is ideal for experienced investors who may exceed agency investment property maximums,
or do not meet traditional income requirements.
The Investor product is a game-changer, designed for:
• Customers who own at least three other investment properties
• Customers with a history owning, retaining, and managing investment properties (three year minimum)
Bayview Loan Servicing, LLC.
Investor Product
Best for Customers...
Who are experienced property investors
Additional product underwriting guidelines include the following:
• Loan amounts up to $1,000,000
• 680+ FICO
• 65% LTV or less
• 15-year and 30-year �xed-rate
• Competitive 5/1 and 7/1 low interest rate ARMs available
• 12 month reserves
• Cash-out loans available
About Us
Bayview Loan Servicing o�ers innovative portfolio products. Lakeview Loan Servicing provides access to a full range of agency residential mortgage products.
Bayview Loan Servicing, LLC and Lakeview Loan Servicing, LLC are members of a family of companies owned or managed by Bayview Asset Management, LLC. Bayview companies have been managing mortgage assets since 1995.
Bayview Loan Servicing, LLC. 1301 Virginia Drive, Suite 403. Fort Washington, PA. 19034© 2014-2015 Lakeview Loan Servicing, LLC. NMLS #391521 Bayview Loan Servicing, LLC. NMLS #2469, Equal Housing Lender. TPO-0122-001
Lakeview/Bayview Wholesale Programs are o�ered to quali�ed residential lending institutions and are not applicable to the general public and/or individual consumers.
We make exceptions! Speak with your representative or contact [email protected] and learn about the �exibility of our products.
Agency Products Also Available
Lakeview Loan Servicing o�ers a full range of agency products under Fannie Mae and Freddie Mac guidelines. Contact your representative or visit our website for details and complete product matrices:
www.lakeviewwholesale.comwww. lakeviewcorrespondent.com
Contact Us
85-LAKEVIEW
(855-253-8439)
LakeviewWholesale.comLakeviewCorrespondent.com
Bayview o�ers a variety of responsible agency and portfolio products designed to meet your lending needs. We are
committed to expanding access to mortgage credit for well-quali�ed borrowers who may not �t into traditional or
jumbo markets. Our portfolio of products makes lending easy for clients who meet QM requirements and
accommodates those that don’t quite �t QM. All of our products meet the highest standards of quality and strive to
make the housing �nance system safer and more e�cient by complying with ability-to-repay (ATR) and other
requirements.
Bayview Loan Servicing, Helping You House America
In compliance with ATR determinations Bayview considers, at a minimum, the following underwriting factors:
• Current or reasonably expected income or assets
• Current employment status
• The monthly mortgage payment on the transaction
• The monthly payment on any simultaneous loan
• The monthly payment for mortgage-related obligations
• Current debt obligations, alimony, and child support
• The monthly debt-to-income ratio or residual income
• Credit history
Bayview Loan Servicing, LLC.
Bayview Portfolio Product Overview
About Us
Bayview Loan Servicing o�ers innovative portfolio products. Lakeview Loan Servicing provides access to a full range of agency residential mortgage products.
Bayview Loan Servicing, LLC and Lakeview Loan Servicing, LLC are members of a family of companies owned or managed by Bayview Asset Management, LLC. Bayview companies have been managing mortgage assets since 1995.
Bayview Loan Servicing, LLC. 1301 Virginia Drive, Suite 403. Fort Washington, PA. 19034© 2014-2015 Lakeview Loan Servicing, LLC. NMLS #391521 Bayview Loan Servicing, LLC. NMLS #2469, Equal Housing Lender. TPO-0122-001
Lakeview/Bayview Wholesale Programs are o�ered to quali�ed residential lending institutions and are not applicable to the general public and/or individual consumers.
Agency Products Also Available
Lakeview Loan Servicing o�ers a full range of agency products under Fannie Mae and Freddie Mac guidelines. Contact your representative or visit our website for details and complete product matrices:
www.lakeviewwholesale.comwww. lakeviewcorrespondent.com
Contact Us
85-LAKEVIEW
(855-253-8439)
LakeviewWholesale.comLakeviewCorrespondent.com
