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Announcements

Apr 06
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Have an underwriting question?

In order to further assist our broker partners, Interfirst has implemented an
underwriting scenarios email box!

The purpose of the scenario inbox is to:


  • Analyse and answer scenario questions prior to loan submission
  • Proactively address possible loan issues up front
  • Clarify documentation and guideline requirements
  • Suggest alternative solutions

Questions should be sent to uwscenario@interfirst.com



Note: The UW Scenario Inbox is designated for scenario questions only. The underwriter managing the UW Scenario Inbox is unable to calculate income, pre-underwrite a loan, or review a customer’s specific documentation. Please direct all questions related to loans in process to your team or the underwriter of record.

Very fast and easy refinance. Would recommend to anyone!

-Dustin P.

A+++ Customer service. Such a low rate the closer couldn't even believe how low it was!! I would recommend to anyone!!

Thanks again!!!

-Aaron B.

Easy online process with kind and supportive professionals. Highly recommend.

-Bridget M.

Wholesale Rate Lock Extension Information

Rate Desk Information

clock
  • Monday - Friday
      8am - 5pm CST

 

Lock Extensions

  • Conventional
      7-day: .125
      15-day: .250
      30-day: .375
  • ONE/DSCR
      Lock extension is available on a case by case basis based on market conditions.

    All locks are subject to a final price review by the company and may change in the event of user/technical error or other violation of company policy or agreement.

 

Lock Desk Policy and Procedure for Wholesale

Live State List

map
Alabama
CONVENTIONAL WHOLESALE Yes
ONE WHOLESALE No

Full list

Conventional Wholesale ONE Wholesale
Alabama Yes No
Arizona Yes Yes
Arkansas Yes No
California Yes Yes
Colorado Yes Yes
Connecticut Yes No
Delaware Yes No
Florida Yes Yes
Georgia Yes Yes
Hawaii Yes No
Iowa Yes No
Illinois Yes Yes
Indiana Yes Yes
Kansas Yes No
Louisiana Yes No
Maryland Yes No
Maine Yes No
Michigan Yes No
Minnesota Yes No
Missouri Yes No
Mississippi Yes No
Montana Yes No
North Dakota Yes No
Nebraska Yes No
New Hampshire Yes No
New Mexico Yes No
Ohio Yes No
Oklahoma Yes No
Oregon Yes No
Pennsylvania Yes No
Rhode Island Yes No
South Carolina Yes Yes
South Dakota Yes No
Tennessee Yes No
Texas Yes Yes
Utah Yes Yes
Virginia Yes No
Wisconsin Yes Yes
West Virginia Yes Yes
Wyoming Yes No

Product Guidelines & Overlays

Our current guidelines and overlays for all wholesale products can be found on the following pages:

Document

FNMA-FHLMC Standard Eligibility Matrix and Overlays
Document

Conventional Quick Tips

Clauses

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Insurance policies:

Interfirst by ServiceMac, LLC
ISAOA ATIMA
PO Box 29411
Phoenix, AZ 85038-9411

Title, CPL, and subordinations:

Interfirst Mortgage Company
ISAOA ATIMA
9525 W Bryn Mawr Ave
Rosemont, IL 60018

New LLPA Adjustments

11 21
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Recently, Fannie Mae and Freddie Mac have received recommendations from the Federal Housing Finance Agency (FHFA) to update the Cash Out LLPAs. Interfirst Mortgage Company is aligning with these updates, given all eligibility requirements are satisfied.
The Loan Level Pricing Adjusters (LLPAs) shown below will apply to new locks effective November 21st, 2022 and after. All worst-case program changes/relocks will be subject to LLPAs from the applicable pricing date.

FICO/LTV <=60% 60.01%-70.00% 70.01%-75.00% 75.01%-80.00%
>= 740 (0.375) (0.625) (0.750) (0.625) (1.375) (0.875) (1.875)
720-739 (0.375) (0.500) (1.000) (1.125) (1.000) (1.500) (1.125) (2.000)
700-719 (0.375) (0.500) (1.000) (1.125) (1.000) (1.625) (1.125) (2.000)
680-699 (0.375) (0.625) (1.125) (1.500) (1.125) (1.625) (1.750) (2.000)
660-679 (0.625) (0.875) (1.125) (1.750) (1.125) (1.750) (1.875) (2.000)
640-659 (0.625) (0.875) (1.625) (1.875) (1.625) (1.875) (2.625) (2.125)
620-639 (0.625) (0.875) (1.625) (1.875) (1.625) (1.875) (3.125) (2.125)
< 620 (1.625) (2.625) (2.625) (1.875) (1.625) (1.875) (3.125) (2.125)

01 06
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On 1/6/2022, the Federal Housing Finance Agency announced increases to upfront fees for certain high-balance and second home loans for loan deliveries as of 4/1/2022. As a result, Interfirst Mortgage Company will apply new LLPA adjustments to new locks starting 1/31/2022.For more information, please see the chart below.

LLPAs by Product Feature

Product Feature(s)
Second Home
High-balance Purchase or limited cash-out refinance
High-balance Cash-out Refinance
High-balance ARM
LTV Range
≤60.00%
1.125%
0.750%
1.250%
0.750%
≤60.00%
1.125%
0.750%
1.250%
0.750%
≤60.00%
1.125%
0.750%
1.250%
0.750%
≤60.00%
1.125%
0.750%
1.250%
0.750%
≤60.00%
1.125%
0.750%
1.250%
0.750%
≤60.00%
1.125%
0.750%
1.250%
0.750%
≤60.00%
1.125%
0.750%
1.250%
0.750%
≤60.00%
1.125%
0.750%
1.250%
0.750%
≤60.00%
1.125%
0.750%
1.250%
0.750%
≤60.00%
1.125%
0.750%
1.250%
0.750%
≤60.00%
1.125%
0.750%
1.250%
0.750%