The National Association of Realtors has announced SoFi as a new partner with NAR Realtor Benefits. As part of the agreement, NAR members and their clients can receive exclusive rates and discounts on mortgages, student loan refinancing, personal loans and more.
A&D Mortgage has announced a series of comprehensive updates to its non-QM loan programs. For wage verification of employment (WVOE) and profit & loss (P&L) loans with combined loan-to-value (CLTV) ratios below 65%, A&D has eliminated bank statements requirements. The company has also expanded DSCR loan eligibility requirements, with borrowers now only needing to have owned a property in the U.S. or any foreign country within the last 36 months. Additionally, A&D has adjusted prepayment penalty structures for 1-2 unit properties in Ohio and Vermont.
CMG Financial has announced the acquisition of the retail assets of Norcom Mortgage. The 25-branch-addition will enhance CMG’s northeastern presence from Maryland to Maine. Though Norcom’s retail assets will move to CMG, the wholesale side of the company will remain intact. The Norcom acquisition marks CMG’s fourth addition within the past 12 months.
