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Pioneer in Portfolio Lending Business
for over 25 years!
Spectrum Mortgage Group, Inc. has been serving South Florida Mortgage Broker Professionals with Community Bank wholesale loan products since 1991. Spectrum is committed to portfolio and Non_QM Lending.
MEDIA
Broker Testimonials
I would highly recommend Bob for any out of the box lending. His knowledge of the business is second to none. He works with you to find a way to do the deal not to deny it. He is very detailed and an excellent Manager.
Greg H. Mortgage Broker
Milvia is a true professional, and extremely knowledgeable!
Mike F. Mortgage Broker
I have never seen anything like it. $4.9M private equity cash out refinance originated and closed in three business days. Robert was at the property the same day I called and this deal would have never closed if not for Spectrum. There law firm was unbelievable to deal with.
Daniel G. Mortgage Broker
I have known Milvia for over 6 years when we met at a trade show. Milvia is a very kind and true professional. I remember one time I had several loans all brought to her office without an appointment and she was able to still see me and my business partner at the time, since we were already in the area. She explained the scenarios and their guidelines and what we needed to get the fast approval.
Kenneth O.
Frequently Asked Questions:
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.
Spectrum Mortgage Group
