FGMC Delegated Overlay Guide
FGMC Non-Delegated Overlay Guide
In Average Business Days
(if file is missing documents needed for initial submission to Non-Delegated Underwriting, FGMC will not meet the published SLA)
FHA ID # 7516800049
VA ID # 6852450000
NMLS ID: 2917
Updated: February 18, 2020
I'm interested in becoming a FGMC Correspondent partner
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:
We believe the Visionary borrower has a strategic home buying story, and Maverick Solutions wants to help tell it.
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.
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:
We believe the Achiever borrower often has a good comeback story, and Maverick Solutions wants to help tell it.
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.
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:
We believe the Champion borrower has a unique home buying story, and Maverick Solutions wants to help tell it.
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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Sarah Batangan serves as the Chief Operating Officer at FGMC. She has over 20 years of experience in the industry within Operations and Correspondent lending and is valued as a versatile strategist who is highly adept at corporate transformation, operational tact and business growth. Prior to joining FGMC, Sarah served four years at Stearns Lending in Strategic Business and Correspondent Operations. She has also served in at Nationstar Mortgage, CitiMortgage and Countrywide Financial/Bank of America in various Correspondent Lending and Quality Assurance roles. She currently oversees operations, credit risk, marketing and the enterprise project management office.