Wholesale and Correspondent Lending

734.669.8000  |  866.669.8100

1st Nations Reverse Mortgage

800.720.7003 x123  |  855.459.6663

Blueprint for Success

Why Become an HVF Partner?

Reasons To Do Business With HVF Partners.

  1. HVF Partners’ Compliance Concierge Team provides hands-on assistance throughout the disclosure process.
  2. There’s no AMC required! Appraisals are ordered through the Mercury Network.
  3. We provide open access to Underwriting. Our Underwriters are always available to discuss your loans.
  4. Our Underwriting Scenario Desk is managed by an industry expert with over 25 years of experience.
  5. HVF Partners will underwrite TBDs.
  6. We allow for Single Borrower POAs on primary purchases, second homes, and R/T refinances.
  7. There are no minimum trade lines on conventional approve/eligible findings.
  8. Our Closing Concierge Team partners with you to be sure the entire closing process, including Pre-CD, is as painless as possible for the borrower.
  9. HVF Partners’ seasoned Account Executives can help you close more loans.
  10. You get overnight protection on rate locks.
  11. Our Underwriting Team accepts D1C Compliant files.

Approval Eligibilty

Huron Valley Financial is dedicated to partnering with Mortgage Lenders who have experience in the mortgage industry, proven knowledge and expertise in loan origination and customer care.  The link below will direct you to our Online Application.

Minimum Criteria for Eligibility To Become a Correspondent:

  • Minimum tangible net worth for Mortgage Brokers of $25,000 or the State requirement – whichever is greater.
  • Minimum tangible net worth for non-delegated correspondents is $100,000.
  • Minimum tangible net worth for delegated correspondents is $1,000,000.
  • Owners / Principals of the company – a minimum of 10 years’ experience in the residential mortgage business is required.

Required Documentation – Submit Via the Online Application:

  • W-9 Form
  • Articles of Incorporation / Orginzation / DBA filing
  • YTD Balance Sheet and Income Statement dated within the last 3 months
  • Résumés for all Principals
  • Quality Control Plan
  • Copy of Fidelity Bond, Surety Bond and E&O Insurance
  • Government Loan Approval / Sponsorship
  • Corporate Resolution (if applicable)
  • Appraisal Procedures

TURN TIMES for December 12, 2018

UnderwritingBusiness Days
ConventionalPurchase1-2
ConventionalRefinance1-2
GovernmentPurchase1-2
GovernmentRefinance1-2
HVF Ordered AppraisalsPurchase7
Refinance7
Appraisal Inspection Date3-5
CAD Review1
Purchase Funding1-2
Broker Closing Documents2
UW Conditions Received Before 2 PM EST2
All turn times posted reflect document packages received before 2PM EST

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