
FGMC Non-Delegated Can:
- Underwrite your credit package and issue “Clear To Closes”.
- Waive Reps & Warrants through our “Mortgage Loan Purchase Agreement”.
- Waive First Payment Defaults through our “Mortgage Loan Purchase Agreement”.
- Waive Early Payment Defaults through our “Mortgage Loan Purchase Agreement”.
- Control compliance in-house or via outsource fulfillment vendor.
- Manage your closing and funding/disbursement process in-house or via outsourced fulfillment vendor.
- Lock your loan anytime during the process. “Advanced Locks” allowed.
- Act as an “Authorized Agent” and underwrite Non-Delegated FHA loans if Lender does not employ a DE underwriter since we are a HUD “Non-Supervised” Lender.
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