Emporium TPO

All of our products have purchase and cash out refinance loan types!    Visit our website to learn more about our Non-QM programs and to contact an Account Executive! 

Did you know we accept 1099s under our Alt Doc program?   Your borrowers would need to have a two-year history of receiving 1099 only or have recently converted from W2 to 1099 and have at least one year of receiving 1099 in the same line of work to utilize this program. Also, tap into workers in:  -Construction  -Real Estate  -Entertainment    -Creative Services  -Healthcare 

What is better than a cleared to close Alt Doc loan in 7 Days? This P & L loan is a 30-year fixed loan with 10 years of interest only! Reach out to an Account Executive to learn more about our Interest Only loan options! -Loan Amount- $2,303,000  -Sub to fund- 17 -Sub to CtC-7 -Loan Type: 30Y Fixed with 10-year Interest Only – No Cash Out Refinance  -Credit Score - 749  -LTV- 66%  -Doc Type: P & L  *Terms for Illustrative Purposes Only

Non-QM loans continue to be an avenue for your clients to obtain loans. Our Account Executives and Emporium TPO team are knowledgeable and can help navigate through our programs.  We are excited to offer our Non-QM suite of products, which include options such as:  -Asset utilization and depletion  -Options for self-employed borrowers  -No mortgage insurance required  -Interest Only payments  -Loans using P & Ls  -Ability to use business and personal bank statements    Reach out to your Account Executive to learn more about our Alt Doc Program! 

Discover more about what Emporium TPO offers!🌟  The programs we offer encompass a wide range of doc types, and our Account Executives are knowledgeable with our guidelines inside and out.  Contact your Account Executive to get your client's Non-QM loan started. 

We're #hiring a new Vice President of Underwriting in Frisco, Texas. Apply today or share this post with your network.

Borrower with an interest in a DSCR loan? Is your client looking to find an investment property, Emporium TPO has a loan program that may suit their needs! DSCR (Debt Service Coverage Ratio) loans represent a unique, investor-centric financing solution for real estate investors. These non-QM loans stand out for their reliance on a property’s rental income rather than the personal income of the investor for qualification purposes. The ratio is calculated by dividing net operating income by debt service, including principal and interest. Emporium TPO also accepts more property types than a single-family dwelling! Take a look at some of the property types we accept:  • Single Family Dwelling   • 1-4 Family Dwelling   • Planned Unit Development (PUDs)   • Condominium or CondoTel   • and more! 

Viva Las Vegas...we are heading to Originator Connect at Planet Hollywood in August!   Come join us in Las Vegas to meet Emporium TPO’s Account Executives and learn about all the great products they have available to you. We will be at the booth with three of our Account Executives and our VP of Regional Sales - West! 

We're #hiring a new Underwriter IV in United States. Apply today or share this post with your network.

Emporium TPO offer investor loans with DSCR under 1.00! DSCR loans allow buyers to qualify for a mortgage based on the property’s expected cash flow. Instead of using personal income to qualify for a loan, Emporium TPO will look at a debt service coverage ratio or DSCR ratio. This ratio gives our team insight into whether or not your borrower will be able to use the rental income from the property to cover their monthly loan payments.  While each Empower DSCR loan is unique and may require different elements, most borrowers can expect to meet the following criteria:  -Min DSCR of .80*  -Min 720 FICO -Max 75% LTV** - Max loan amount of $1.5 mm *Additional restrictions apply for first-time investors **25% cash due from borrower