Corporate State Licensing Guide

5800 Tennyson Parkway, Suite 450, Plano, TX 75024
NMLS ID 2917
Retail Loan Origination conducts business as First Guaranty Mortgage Corporation dba goodmortgage.com
(except in certain states as of 8/31/2018)
TPO Correspondent Channel conducts business as First Guaranty Mortgage Corporation (FGMC)

Licensed States

Alabama
Alaska
Arizona
Arkansas
California
Colorado
Connecticut
Delaware
District of Columbia
Florida
Georgia
Idaho
Illinois
Indiana
Iowa
Kansas

Kentucky
Louisiana
Maine
Maryland
Massachusetts
Michigan
Minnesota
Mississippi
Missouri
Montana
Nebraska
Nevada
New Hampshire
New Jersey
New Mexico
New York

North Carolina
Ohio
Oklahoma
Oregon
Pennsylvania
Rhode Island
South Carolina
South Dakota
Tennessee
Texas
Utah
Vermont
Virginia
Washington
West Virginia
Wisconsin
Wyoming

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Visionary

Investment

First Guaranty Mortgage Corporation (FGMC) believes that a robust product and program set is an important facet of FGMC’s goal of helping consumers fulfill their financial goals. FGMC leverages a logical approach to the evaluation of borrower capacity and creditworthiness, with an emphasis on Ability to Repay (ATR) and risk mitigation through sound underwriting and documentation practices. Our products and programs are supported by compliance and quality control.

The Visionary Investment program was created for the borrower who has a vision for transforming a home into a long-term investment, but still wants some flexibility in how they do it. This could mean a higher Debt-to-Income Ratio or providing an alternate way to document their income. The program allows for:

Loan amounts up to $3,000,000

Fixed, Interest Only, and ARM options

DTI up to 50%

Credit Scores as Low as 540

We believe the Visionary borrower has a strategic home buying story, and Maverick Solutions wants to help tell it.

Download Flyer

Contact Us

Meet Jonathan.
Jonathan is a small business owner. He has worked hard to build his business, and is proud to watch it grow. He’s a visionary. Jonathan is one of a kind, just like his loan.

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Achiever

Expanded Credit

First Guaranty Mortgage Corporation (FGMC) believes that a robust product and program set is an important facet of FGMC’s goal of helping consumers fulfill their financial goals. FGMC leverages a logical approach to the evaluation of borrower capacity and creditworthiness, with an emphasis on Ability to Repay (ATR) and risk mitigation through sound underwriting and documentation practices. Our products and programs are supported by compliance and quality control.

The Achiever Expanded Credit Program was created for the financial achievers out there. The Achiever may have hit a credit bump or two along the way, but they still want the opportunity to maximize their buying power. The program allows for:

Loan amounts up to $3,000,000

Fixed, Interest Only, and ARM options

Credit Scores as Low as 500

Non-Warrantable Condos Allowed

Bank Statement Based Income Sources Allowed for Self-Employed Borrowers

We believe the Achiever borrower often has a good comeback story, and Maverick Solutions wants to help tell it.

Download Flyer

Contact Us

Meet Erin.
Erin was laid off from her job a few years ago and got behind on some of her bills. She has a great job now, and she’s working hard to improve her financial situation. She’s an achiever. Erin is one of a kind, just like her loan.

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Champion

Prime Jumbo

First Guaranty Mortgage Corporation (FGMC) believes that a robust product and program set is an important facet of FGMC’s goal of helping consumers fulfill their financial goals. FGMC leverages a logical approach to the evaluation of borrower capacity and creditworthiness, with an emphasis on Ability to Repay (ATR) and risk mitigation through sound underwriting and documentation practices. Our products and programs are supported by compliance and quality control.

The Champion Prime Jumbo Program was created for the borrower who is looking to maximize their buying power, but still wants some flexibility in how they do it. This could mean a higher Debt-to-Income Ratio, or providing an alternate way to document their income. The program allows for:

Loan Amounts up to $3,000,000

Interest Only & ARM options

DTI up to 53%

LTV up to 95%

We believe the Champion borrower has a unique home buying story, and Maverick Solutions wants to help tell it.

Download Flyer

Contact Us

Meet James.
James has worked hard throughout his career and made his way to the top. Now he’s finally ready to buy his family’s dream home. He is a champion. James is one of a kind, just like his loan.

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Working on Purchase loans submitted to underwriting on
FHA Purchase	July 9th
VA Purchase	July 8th
USDA Purchase	July 7th
Conventional Purchase	August 4th
Working on Refinance loans submitted to underwriting on
FHA Streamline Refinance	August 5th
FHA Refinance	June 10th
VA IRRRL Refinance	August 5th
VA Refinance	June 13th
USDA Refinance	June 25th
Conventional Refinance	June 15th

Partial Condition Review
Account Managers Reviewing Conditions from	July 30th
Underwriters Reviewing Purchase Conditions from	July 17th
Underwriters Reviewing Refinance Conditions from	July 17th

Underwriting - Final Approval
Underwriters Reviewing CTC Purchase Conditions from	July 27th
Underwriters Reviewing CTC Refi Conditions from	July 27th

Closing/Scheduling
Purchase	1 Day
Refinance	1 Day
Last Day to Issue Initial CD Purchase	August 27th
Last Day to Issue Initial CD Refinance	August 21st

Non-Delegated Underwriting
FHA	Purchase: 07/01 Refinance:06/10
Conventional	Purchase: 07/23 Refinance:06/15
VA	Purchase: 07/02 Refinance:06/10
USDA	Purchase: 06/30 Refinance:07/01

Corporate State Licensing Guide

Licensed States

Turn Times

FGMC IDs

Aaron Samples

Sarah Gonzalez

Laura C. LaRaia

Michael McFadden

Dwayne Smith

Joe Hamilton

Jane Gershman

Agency Underwriting Guidelines

Non-Delegated Resources

Announcements

Bulletins

Condo Documentation

Broker Documents

Marketing Resources

Product Matrices

Checklists/Forms

Submission Documents

Appraisal Documents

Daily Rate Sheet Sign-up Form

Turn Times

Decisions

FGMC IDs

Visionary

Achiever

Champion

Initial Disclosures and Loan Set-up
Working on full files submitted on August 4th

Non-Delegated Renovation
Initial Loan Reviews	N/A Days
Conditions	N/A Days
Project Reviews	N/A Days

Prepurchase Review
Initial Review	2 Days
Renovation Review	3 Days
Conditions	1 Days

Closing Disclosure
August 3rd

Clear To Close Review
Purchase	24 Hours
Refinance	48 Hours