Announcement- Rate Sheet Pricing Enhancements & Invoice Policy Updates

Rate Sheet Pricing Enhancements:
Effective July 31, 2023, the following updates will be available as part of our Delegated and Non-delegated expanded pricing (via TPO Connect or LLPA tabs within the respective Rate Sheets):

• Affordable LLPAs  applies to both FNMA and FHLMC loans only, whenever income data is available at time of lock and income meets the Product Feature criteria
• Home Ready LLPAs  applies to FNMA Home Ready only

PHH now offers 90- and 120-day lock terms, pricing will be available as part of our Delegated expanded pricing (via TPO Connect or Pricing tab within the Best Effort’s rate sheet).

• 90 and 120-day day lock options are available through PHH to better accommodate the New Construction and Two -Close Construction to Perm loan demand of our customers and their borrowers.
• Note, terms are available for both Conventional and Government loans.

Invoice Policy Update:
Effective with August invoices, a $50 processing fee will be assessed on invoices paid by physical check.  If customers remit a payment via check to satisfy monies owed, $50 will be added to the outstanding balance to cover the fees. If the processing fee is not included with the payment, the fee will remain outstanding and carry over to the next month’s invoice.
As a reminder, the preferred method of payment is to utilize the payment feature available via Bill.com.

If you have any questions, please contact your your Correspondent Specialist, Sales Executive, or contact us via the support line at 800-929-4744.

Thank you for your continued business.