Overview

To support our compliance with Fair Lending laws and other applicable regulations, we are formalizing our process to request pricing exceptions for non-delegated correspondent loans and to allow Borrower Paid Compensation (BPC) for brokered loans.

Process

Complete this form and provide as much information as you can. Where possible, please include supporting documentation from the borrower about any competing offers. Documentation is not required, but the larger the request, the more important it will be to have substantiation on record.

Upon completing the form, the request will be sent to Michael and Karen for review. Our aim is to turn around responses as quickly as possible – within a few hours when possible. In the event we have follow up questions, we will reach out directly. If your request is urgent, please submit the form and then send a message to Michael and Karen to request an expedited review.

Once approved, Biz Ops will enter the concession into Vesta for non-del loans or, for brokered loans, you can quote and set the approved BPC.

Philosophy

We are aggressively pursuing growth, so will aim to approve requests whenever possible. If it is feasible from a compliance and commercial perspective, we will try to make it happen.