Spectrum Mortgage Group
We support professional loan brokers with our U.S. and Foreign National wholesale loan products for residential, commercial, and private equity transactions. Contact us today for more information.
We provide a variety of helpful downloadable forms, such as, 1003, Condo Questionnaire, Personal Financial Statement, Sample Accountants Letter, Loan Fees, etc. Have a look at our "Media" page on the menu bar above.
What do I need to do to become approved with Spectrum?
To become an approved broker with Spectrum you only need to provide your current NMLS # and proof of good standing, that’s it. Commercial loan originators do not need to be licensed to conduct business with us.
Do our fees go on the HUD?
Yes, brokers are always protected and their fees always appear on the HUD and are paid directly by the closing agent.
Is everything borrower paid?
Yes, Spectrum does not offer premium pricing programs.
What is your underwriting time?
Typical underwriting takes five business days. Loans over $1.0M need to go to loan committee which meets weekly.
Can I use my closing agent?
Yes. We will also provide a quote to use and approved closing agent of the bank. The banks attorney will always produce the closing documents and review title.
Do you have rate sheets and guidelines?
No. Every loan is custom tailored and therefore we do not issue any generic rate sheets or matrix’s.
Are you a portfolio lender?
Yes, every loan we approve stays at the bank or in our own portfolio if it is a private loan.
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