Thinking of signing up with some new lenders, what are your experiences with them?
So I've been reading about some new-to-me lenders that I haven't heard of before, whether it was on this sub or somewhere else. I want to get some opinions from the people here about their experiences with them, because I'm trying to have my brokerage expand out of just using UWM/Forward Lending (OCMBC)/AD Mortgage for about 90% of the loans.
The lenders in question that I've been looking into most are Champions Funding, Freedom Mortgage, NQM Funding, and Kind Lending. NQM I already sort of knew about since the old brokerage I used to work for would send loans there here and there (although I myself have no experience with them since I've never sent one there), but the other 3 I have little to no knowledge of. Also I'd appreciate any other recommendations for lenders I didn't already mention that are worth looking at.
As far as traditional full doc loans go, I'm trying to find a good substitute for UWM especially (that isn't Pennymac, did not have a great experience with them even after about 10 or so loans), since the biggest reason we still use them is just because of the speed that everything gets done. We are well aware how buns the pricing usually is unless there's some sort of pricing special going on. I've seen some crazy pricing from Freedom Mortgage in Arive's marketplace pricing thing, which raised an eyebrow to find out more. As for Kind, I've just heard a lot of good things from this sub. We also just need more options for NonQM lenders so that's the main reason why I'm looking into Champions, NQM and etc, and obviously because you can't put all your eggs into one or 2 baskets with NonQM since each loan is a lot more unique than the regular QM loans are.