How to fast-track the approval for select refinance loans
We're expanding our Homepoint Select loan program. Now, for certain refinance loans, we're fast-tracking the approval in under 48 hours.
We know you are busier than ever—let us help you move more of your refinance loans through faster so you can stay competitive in this market.
How it works
Our Operations teams are gaining efficiency and we're passing that time savings on to you through this program.
For approved broker partners, there's nothing you need to do. Your loan eligible submissions are automatically fast tracked in the program.
Look for the Select icon
Your Homepoint Select loans are now tagged with a new Select loan symbol in The Point when the loan is submitted to underwriting. Plus, you'll get an email and text notification when any new loan qualifies.
Qualifying loan criteria
Loans that meet the following criteria will automatically be Homepoint Select:
- Conventional Fixed Refinance R/T or Cash-Out (not HomeReady or Home Possible)
- Approve/Eligible or Accept
- Equal to or less than 80% LTV
- Less than $822,375 loan balance
- 620+ FICO requirement
- Primary residence only
- Attached or detached, SFR, PUD, or Detached Condo
- All borrowers must be on a single application, maximum of 2 borrowers
- No Leasehold, No borrowers who have been self-employed for past two years, No ownership of additional properties, Not available for Texas loans
Get in touch with your Homepoint Account Executive for more information.
Log in to the point to see your Homepoint Select loans.
Not a partner yet? Find out how you can get started with Homepoint today.