Programs
| Third-Party Originator | Wholesale | Principal Agent | Full Correspondent | |
|---|---|---|---|---|
| Take Application | ||||
| Originate Loan | ||||
| Underwrite Loan | In House DE Underwriter | |||
| Close Loan | ||||
| Fund Loan | ||||
| Insure Loan |
| Third-Party Originator | |
|---|---|
| Take Application | |
| Wholesale | |
| Take Application | |
| Principal Agent | |
| Take Application | |
| Originate Loan | |
| Full Correspondent | |
| Take Application | |
| Originate Loan | |
| Underwrite Loan | |
| Close Loan | |
| Fund Loan | |
| Insure Loan | |
Third-Party OriginatorWith the Third Party Originator Program (TPO), you retain and expand your client base, increase returns on marketing investment, and grow your business. You bring us the client, we work directly with them and you earn a fee based on the services your provided.
- Participation Requirements
- Develop client relationships
- Liberty takes the loan risk
Close
WholesaleWith the Wholesale Program, the loan process is shared by the broker and Liberty. You develop relationships with clients, guiding them through the application and counseling process. Liberty underwrites, draws documents, closes and funds the loan. Loans close in Liberty's name.
- Participation Requirements
- Properly state licensed as a mortgage broker
Close
Principal AgentWith the Wholesale Program, the loan process is shared by the broker and Liberty. You develop relationships with clients, guiding them through the application and counseling process. Liberty underwrites, draws documents, closes and funds the loan. Loans close in Liberty's name.
- Participation Requirements
- Properly state licensed as a mortgage broker
Close
Wholesale & Principal AgentWith the Wholesale Program, the loan process is shared by the broker and Liberty. You develop relationships with clients, guiding them through the application and counseling process. Liberty underwrites, draws documents, closes and funds the loan. Loans close in Liberty's name.
- Participation Requirements
- Properly state licensed as a mortgage broker
Close
Full CorrespondentAs a Full Correspondent, you originate, underwrite, process, close and fund the loan. You then send us the complete funded loan. Liberty will then purchase the closed loan as a secondary transaction. Specialized training is provided by Liberty.
- Participation Requirements
- FHA approved Full Eagle in good standing
- Reverse Mortgage direct endorsement (DE) unconditional approval
- A DE underwriter on staff
- The ability to fund loans through a warehouse line of credit or other sources
- Properly state licensed as a mortgage banker
- MERS compliant
- Minimum FHA net worth requirements
- Home Equity Reverse Mortgage Information
- Technology (HERMIT) ready
Close
SNAPP and SNAPP+
SNAPP and SNAPP+ ProcessingApplications
Recertification Application