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Bulletin #2018-07 Effective with locks beginning on June 5, 2018

Effective with locks beginning June 5, 2018, all loans will be subject to New Penn Financials’ National Correspondent Division Program Guidelines, we will no longer make exceptions based on our former guidelines as Envoy.

Bulletin #2018-07

TO: Approved Correspondent Lenders

FROM: New Penn Financial National Correspondent Division

DATE: June 4, 2018

SUBJECT: Effective with locks beginning on June 5, 2018, all loans will be subject to New Penn’s National Correspondent Division Guidelines

 

New Penn Financial National Correspondent Division is pleased to announce the following changes. 

Effective with locks beginning June 5, 2018, all loans will be subject to New Penn Financials’ National Correspondent Division Program Guidelines, we will no longer make exceptions based on our former guidelines as Envoy.  For all loans locked before June 5, 2018, we will honor our former guidelines but there will be no exceptions for loans locks beginning June 5, 2018. 

 

Download New Penn Financials’ National Correspondent Division Seller Guide by clicking here.  Links to our Product Profiles and Overlays for our loan programs can be found by clicking here

 

For more information about our loan products, turn times and for additional resources, visit www.newpenncorrespondent.com 

 

New Penn Financial, LLC

National Correspondent Division

1000 Oliver Road, Suite 300

Monroe, LA  71201

www.NewPennCorrespondent.com