Richmond, VA (April 3, 2019) – LenderSelect Mortgage Group is proud to announce the offering of VA loans through its mini-correspondent delivery channel. This channel enables new opportunities for competitive pricing, while also providing a better overall borrower experience throughout the loan process.
VA allows LenderSelect community lending teammates, who are regulated by the NCUA or FDIC, to apply to become a sponsored agent and originate VA loans in their name. LenderSelect provides compliance, underwriting, processing and closing document preparation support. After the VA loan closes in the agent’s name, LenderSelect purchases the loan from the agent’s portfolio, enabling the agent to earn interest arbitrage.
VA loans are available to eligible military veterans that offer 100% financing with flexible qualifying criteria and favorable loan terms.
FHA, USDA and VA loans are available through the mini-correspondent delivery channel. If you are a LenderSelect Teammate looking to learn more about the process for each, please visit the Mini-Correspondent Sponsorships section of our website by clicking here.
For all other inquires or questions, please email email@example.com.
Information deemed reliable but not guaranteed. All loans subject to credit approval and property appraisal. Not a commitment to lend. LenderSelect Mortgage Group, LLC is a registered trade name (DBA) of Atlantic Bay Mortgage Group, L.L.C. NMLS #72043 (nmlsconsumeraccess.org) an Equal Opportunity Lender. Located at 804 Moorefield Park Drive Suite 102 Richmond, VA 23236.