We've made it easy to order an appraisal right from our broker portal. BluePoint Mortgage has been recognized as a top wholesale mortgage lender by Scotsman Guide and has been awarded Top Workplace by the OC Register multiple years in a row. Florida Offices: Orlando, Jacksonville, Tampa Bay 321-397-4420 Commitment. RP Funding is rapidly growing and expanding into new territories. Vacation homes are second properties that may be used for recreational or rental purposes and that are separate from the owner's principal residence. Website not valid or intended for Washington residents/customers. Connect facilitates effective management of pipelines so that RPF can purchase loans with speed and with superior customer service. Royal Pacific Mortgage & Realty is a family-owned realty and mortgage broker company that has been around since 1987. Homeowners insurance provides you with protection against damage to your property and its contents, but it also provides protection for your lender. Actual amount of closing cost credit will vary and be disclosed to the customer on the Loan Estimate at time of Rate Lock. department at 877-586-4271 (Se Habla Espanol), or email at[emailprotected]. P. O. VA Standard and VA IRRRL home loan programs. Were more than happy to help you with your concerns. Clients currently being serviced by RP Funding, please make note of the following helpful information. Many mortgage providers require a mortgagee clause in place to grant a mortgage. Dovenmuehle Mainsite Additional terms and conditions apply, call for details. Mail payments to the address that corresponds with the state you are mailing from. If you are the site owner (or you manage this site), please whitelist your IP or if you think this block is an error please open a support ticket and make sure to include the block details (displayed in the box below), so we can assist you in troubleshooting the issue. Borrower must provide prior owners title policy, prior valid survey and establish an impound account to qualify. If you are experiencing trouble locating your current loan number, please contact RP Funding at 321-397-4420 and ask to speak with a representative about locating your "servicing" loan number. All rights reserved. Offers flexible, low down payment mortgage options with competitive rates, designed to help first-time homebuyers and low-income borrowers. CalHFA has temporarily suspended their loan program until further notice. PDF Royal Pacific Funding - Client Login Instructions Over the years, RPF has evolved into a premier lender with its wholesale channel operating under Bluepoint Mortgage - a wholly owned subsidiary of Royal Pacific Funding Corp., and a FNMA . Home - Royal Pacific Mortgage & Realty in San Francisco, CA 1400 S. International Parkway, Suite 1000, Lake Mary, FL 32746 Phone: 321-397-4420 Correspondence Requirements Mortgagee clauses protect your lender from damage to your property, even if you caused it. Borrowers who receive CASH OUT at closing or to payoff any debt other than prior first mortgage must have LTV below 70%. If you commit arsonan act that would void your insurance policythe clause protects the mortgagee, ensuring that your lender will still be covered. With such a seasoned executive team at the helm of RPF, we can extend that trusted knowledge to our partners, leading each other to continued success. Its important to understand the terminology used in mortgage negotiations. Fannie Mae, Blaze, HomeReady, Freddie Mac, and Home Possible. Enter the required information to make your payment. FHA Standard and FHA Streamline loan products. Website not valid or intended for California residents/customers, RP Funding has saved our clients $80M in Closing Costs. BluePoint Mortgage 4000 MacArthur Blvd West Tower - 7th Floor Newport Beach, CA 92660. Visityourmortgageonline.comto pay online. States: FL, GA, AL, MS, AR, LA, OK, TX, KS, CO, NM, UT, WV, MT, ID, OR, WA, ME, VT, NH, AK Mozilla/5.0 (iPhone; CPU iPhone OS 15_4_1 like Mac OS X) AppleWebKit/605.1.15 (KHTML, like Gecko) Version/15.4 Mobile/15E148 Safari/604.1. Mortgage Banker License #0924115. A mortgagee clause is a part of your homeowners insurance policy that protects your lenderthe mortgageefrom losses incurred due to damage to your property. If you have any questions or need any assistance please call 1-800-208-7380 or email servicing@RPFCorp.com . Payments . We invite you to become an approved broker and enjoy a level of service that is unrivaled in wholesale lending. According to a report we received, Dovenmuhele, as loan servicer for Royal Pacific Funding has been charging veterans seeking a COVID forbearance up to $500 in appraisal fees. Under the federal CARES Act, veterans seeking a COVID 19 mortgage forbearance shouldn't be charged fees for appraisals. Contact New American Funding for all your mortgage questions, get today's rates, get a . *https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3751917. Free Mortgage Underwriting. Qualify your borrower using 12 months of business or personal bank statements. from 8 AM - 9 PM ET. RPF - Royal Pacific Funding - rpfcorp.com ", "I've known Tito for years. Anyone who lends you money to buy a home and enters into a mortgage contract with you can be a mortgagee. Not all borrowers will qualify. Ideal for wage earners & self-employed borrowers. endstream endobj 2253 0 obj <. In some cases, if its not a requirement to get a mortgagee clause, then a borrower must contact a lender to add the clause to their current contract. Copyright 1999 2023 GoDaddy Operating Company, LLC. The policy will state who has the lien within the policy. Correspondent lending is not an entirely new concept for RPF, we are just in a position to expand on a scalable level," said Dawn Hill, CFO of RPF. Normally, you will be asked to agree to a mortgagee clause when you take out a mortgage. Lea Uradu, J.D. RPF has engineered its Connect portal to be a seamless user upload experience. Our very own Zero-Down FHA Home loan! 2277 0 obj <>stream A great mortgage option for independent contractors such as photographers, bloggers, website designers, gig workers, landscapers, bookkeepers, actors, musicians, and Realtors. RPF offers commitment, experience and partnership to its clients giving them the liquidity options they seek in order to operate at their competitive best and to increase profitability. Broker Resources - BluePoint Mortgage "What Is a Mortgagee Clause? Statements are available online after the 16th of the month. Pacific Capital Funding Corp. is a bridge between individuals and businesses in need of funds and investors looking for a lower risk, real estate secured investment. RPF's Commitment to the mortgage community extends back nearly 30 years and that same commitment to our partners is the foundation of Royal Pacific Funding. PDF Final Doc Order Form Mortgage option for self-employed borrowers. If you prefer you may also reach me by phone {{ vm.loanofficer.Phone }} or email - {{ vm.loanofficer.Email }}. If you are the site owner (or you manage this site), please whitelist your IP or if you think this block is an error please open a support ticket and make sure to include the block details (displayed in the box below), so we can assist you in troubleshooting the issue. * CLOSING COST PROGRAMS: Offer to pay Closing Costs is subject to borrowers qualification for the No Closing Cost Refinance Program or Closing Cost Credit Program. When you visit the site, Dotdash Meredith and its partners may store or retrieve information on your browser, mostly in the form of cookies. | Licensed by Ohio Division of Financial Institutions license number RM.850251.000 Ensuring You Have a Smooth and Hassle-Free Process. PDF New American Funding'S Guide to Hazard and Flood Insurance 1 / 3 7100 for assistance. Were here for all your mortgage and realty needs. 7100 between 8:00 am and 5:00 pm Pacific or email us anytime at customerservice@nafinc.com for any . Change in terms include, but are not limited to, changes in loan amount, loan program, fees, discounts, lender credits, rate, APR, buy-downs, years of term, origination, down payment, seller or any interested party credits, and within the time of the competitor's initial lock in, or any other material loan changes not specifically mentioned here. Box 660592 Used under license. RPFs Commitment to the mortgage community extends back nearly 30 years and that same commitment to our partners is the foundation of Royal Pacific Funding. If true, this could be serious violation of . We are committed to the success of our partnerships, the strength of our organization, and the health and happiness of our employees. CMC Funding, Inc Equal Housing Lender NMLS ID# 320004 BRE#: 01403107 . Closing Costs Programs cannot be combined with any other offer. | NMLS Consumer Access. The following charges always remain an expense to the borrower and are not Closing Costs: rate discount costs/discount points, prepaid items (including mortgage insurance premiums, interest, property taxes, homeowners insurance, and any escrow accounts), Upfront Mortgage Insurance Premium (UFMIP), funding fees, the payment of a mobile notary fee if the selected closing agent has an office which serves the area, or additional non-standard services requested by the purchaser. Borrower Name and email address Complete the security questions After completing registration, select mortgage from the list of accounts to pay. 2. is a Maryland State Registered Tax Preparer, State Certified NotaryPublic, Certified VITA Tax Preparer, IRS Annual Filing Season Program Participant, and Tax Writer. O. Box 5071 Troy, MI 48007-5071 FAX: (248) 781-9295 For more information, Contact us at (877) 826-4428 PAGE 3 / 3 An annual mortgage statement is a report sent to a mortgagor by the mortgagee or their servicer detailing the account activity. Mail to: But not when the damage is caused intentionally. Royal Pacific Funding | LinkedIn Access from your Country was disabled by the administrator. 0 About the Licensee status. Take an example of a property damage done by the owner, also known as arson. Fax your updated Homeowners Insurance documentation to1-855-640-4865, or mail to: RP Funding, Inc.P. P. O. Contact us to request a free quote or estimate. From Fortune. O. But I still see people complaining that they have been scammed in one way or the other. He has published widely on personal finance, marketing, and the impact of technology on contemporary arts and culture. Get in touch with us for more information. About | RP Funding | Florida Mortgages rpfcorp.com/wp-content/uploads/2021/04/New-RPF-FAQS.pdf, Mozilla/5.0 (Windows NT 10.0; Win64; x64) AppleWebKit/537.36 (KHTML, like Gecko) Chrome/103.0.0.0 Safari/537.36. Experience The $1,000 Mortgage Challenge/Guarantee is not applicable if the loan closes on terms different than those detailed in the Loan Estimate Disclosure provided to R P Funding. Royal Pacific Funding Corporation : 657-229-7005 [email protected] RPM Mortgage : 925-295-9350 [email protected] Santander Mortgage Corp. 787-274-7050 . When you take out a mortgage, you are essentially offering your home as collateral for a loan, which you promise to pay back. Borrower must meet following eligibility requirements: primary single-family residence, fixed-rate, refinance transactions, with loan amounts above $250,000 and below conforming limits at less than 80% LTV, and credit score of 720 or higher. For example, if you obtain a mortgage to buy a home or property and that property is then destroyed in a fire, the mortgagee clause would ensure that the loss would be payable to your lender even though its part of your insurance policy. RP Funding, Inc. An excellent option for those who have limited or no credit history and who have an Individual Tax Identification Number (ITIN). Royal Pacific Funding Corporation | The Department of Financial Turn times are estimates and are not warranted or guaranteed. Please be sure your current ten (10) digit loan number beginning with 14 is represented on all correspondence. Offering FNMA, FHLMC, FHA, VA, Non-QM and Jumbo loan products with a lending footprint that currently . "It is a good time for us to launch this channel. What Is a Mortgagee Clause? - Investopedia Learn how coverage works. Loan program offered by competitor must be a program R P Funding currently offers. If you have further questions or need more assistance, please call the DFPI's Consumer Services Office at: 1-866-275-2677. Founder and CEO, Sam Soliman, says "We are excited to launch our Correspondent channel with 30 years of lending experience under our belt. What is your Lender's Mortgagee Clause? Mortgagee Address, ISAOA/ATIMA To check the status of this licensee, visit Financial Services and Mortgage Lending Licensees Search. This clause also protects the lender if you cause damage to the property, which leads the insurance provider to cancel the policy. Click on the CLIENT button on the upper right of the screen, highlighted in yellow as seen below. Website not valid or intended for New York residents/customers. New Mortgagee Clause: New American Funding, LLC PO Box 5071 . The mortgagee clause ensures that the mortgagee will be paid out even if you are responsible for the damage to the property. BluePoint Mortgage has been recognized as a top wholesale mortgage lender by Scotsman Guide and has been awarded Top Workplace by the OC Register multiple years in a row. With over 30 years in the industry and an unwavering focus on the wholesale channel, BluePoint Mortgage has been able to consistently provide its brokers with exceptional resources and pricing on investment property loans (DSCR), bank statement loans, various non-QM products, as well as Conventional, VA and FHA programs. RPF is also a 2020 Top Ten Wholesale Mortgage Lender in the Nation and ranks second in the state of California, according to Scotsman Guide. Mozilla/5.0 (iPhone; CPU iPhone OS 15_3_1 like Mac OS X) AppleWebKit/605.1.15 (KHTML, like Gecko) Version/15.3 Mobile/15E148 Safari/604.1. 961292,Fort Worth, TX 76161-0292. We invite you to become an approved broker and enjoy a level of service that is unrivaled in wholesale lending. Royal Pacific Funding Launches Correspondent Channel - PR Newswire Mortgagee clauses are an important component of the mortgage market. %%EOF We ask that you update your information as soon as possible regarding any changes to your Homeowners Insurance or Property Tax information. Royal Pacific Funding Mortgage Underwriter in the United States makes about $95,000 per year. Not a mortgage broker, RP Funding is a full-service lender that offers customers the best deals and highest levels of service. hbbd```b``msd"`vd"mO @$d`bd #S;@ , HOUR TURN TIMES Set-Up - Docs - Funding 1400 S. International Parkway, Suite 1000, Our Services - Royal Pacific Mortgage & Realty Our iTIN Premier loan program is designed for borrowers with established credit history and who have an Individual Tax Identification Number (ITIN). | Licensed by the Texas Department of Savings and Mortgage Lending NMLS 70168 A mortgagee clause is a part of your homeowners insurance policy that protects your lender (the mortgagee) from losses incurred due to damage to your property. For example, if you obtain a mortgage to buy a home or property and that property is then destroyed in a hurricane, the mortgagee clause would ensure that the loss would be payable to your lender even though its part of your standard insurance or hurricane insurance policy. Access from your Country was disabled by the administrator. Access from your Country was disabled by the administrator. Investopedia requires writers to use primary sources to support their work. Since I started investing, it has been smooth and no complain. Borrower elected Discount points/Rate buy downs are ineligible. RP Funding, Inc. Closing Cost Credit Program: For borrowers who do not qualify for a No Closing Cost Refinance, RP Funding will offer a Closing Costs Credit subject to the following conditions: fixed rate refinance transactions on loan amounts above $50,000 and below conforming limits, for borrowers with 640 or higher credit score. We are committed to the success of our partnerships, the strength of our organization, and the health and happiness of our employees. If you cant keep that promise, then your lender (the mortgagee) can foreclose on the property and sell it to recoup costs. 4000 MacArthur Blvd., West Tower 7th Floor, Newport Beach, CA 92660 - 1(800) 208-7380. We provide the following: Get in touch with us for more information. If you received a letter from New American Funding and would like to be removed from our mailing list, please call 800-450-2010. BluePoint Mortgage - Wholesale Non-QM Mortgage Lender Environmental, Social and Governance (ESG), HVAC (Heating, Ventilation and Air-Conditioning), Machine Tools, Metalworking and Metallurgy, Aboriginal, First Nations & Native American. Cision Distribution 888-776-0942 PDF CORRESPONDENT SELLER GUIDE - rpfcorp.com Deed in lieu of foreclosure is an action by a mortgagor by which they deed the collateral property back to the lender to avoid foreclosure. BluePoint Mortgage also offers Non-QM solutions for your underserved borrowers, such as small business owners, investors, and self-employed individuals. As an established wholesale mortgage lender, RPF has now expanded into correspondent lending with the intention to build its servicing portfolio. If you are the site owner (or you manage this site), please whitelist your IP or if you think this block is an error please open a support ticket and make sure to include the block details (displayed in the box below), so we can assist you in troubleshooting the issue. Tito and Rana were wonderful.