The Money House, Inc.
52 Paseo Covadonga Street, San Juan, PR 00901
https://www.moneyhouseus.com/
Internal Reviews
(0 reviews)
Total loans closed with Loan Factory
17,985
Total loans closed with Loan Factory (past 12 months)
14,562
Lender overview
Basic information
Mortgagee Clause: The Money House, Inc. ISAOA/ATIMA 8751 Commodity Circle, Suite 17 Orlando, FL 32819 Loan #
N/A
Lock policies & Fees
Lock Policies
HUD HECMs have Principal Limit Lock Protection once a borrower signs the application package. The product is a monthly adjustable so there is no forward locking. the interest rate and YSP (which is in addition to the origination fee) is locked in the day closing documents are prepared and is based on the current price sheet that day.
N/A
Lender's niche & Overlays
We are a Direct, Reverse Mortgage Wholesale Lender. The HECM adjustable is exempt from TRID, QM and the LO Comp Rule so both origination and YSP can be earned on the same file
We only have one property overlay as we do not allow single wide MH's. Otherwise, we follow HUD's 4000.1
Lender turn time
2
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