Broker and Correspondent Products NFTYDoor, an end-to-end digital HELOC platform, is now operating as a fully independent company, enabling direct partnerships with wholesale brokers and private label correspondents. Brokers are already active on the new structure, submitting applications and closing loans today with no waiting period supported by NFTYDoor's combination of AI-powered origination and real people on every loan. Key enhancements include minimum FICO reduced from 640 to 600, maximum CLTV increased from 80 to 90 percent, maximum loan amount increased from $500,000 to $750,000, borrower rates reduced by 100+ bps, increased partner compensation, and a fully embedded no-cost warehouse line for private label partners. Available exclusively to partners contracting directly with NFTYDoor. Get started at nftydoor.com/partner-application. Peak season calls for peak financing, and Logan Finance is helping mortgage brokers close more deals for their highest-earning self-employed clients with the Open Road Elevated Bank Statement program. Using 12 or 24-months of bank statements (personal, business, or both), the Elevated program qualifies borrowers up to $5.0M with a 740 minimum FICO, up to 65% LTV, interest-only options on 30-year terms, and primary, second home, and investment occupancy all eligible. Logan’s team will be at the MBA National Secondary & Capital Markets Conference. Book time at MBA Secondary with Logan here, or contact bizdev@loganfinance.com to learn more. Logan Finance Corporation, NMLS #127722.
Modest Recovery Ahead of Econ Data
After hitting the highest yields in more than a month yesterday, bonds have managed to pick up a few bps. The bulk of the recovery was already in place by yesterday’s close, but yields dropped another 2bps after war-related headlines just after 8am (US…