The Money Source
The Money Source, headquartered in Phoenix, AZ, offers a wide range of loan products and specializes in direct-to-agency loan securitization, providing a 24-hour turn time guarantee on Initial Funding Review.
Services
The Money Source offers a variety of loan products including Conventional, FHA, VA, USDA, DPA, Construction, and Rehab loans. The company specializes in direct-to-agency loan securitization and provides high tech/high touch servicing and lead generation opportunities. Additional services include co-branding and monthly mortgage statements featuring client logos and information prominently.
Location and Licensing
Headquartered in Phoenix, AZ, The Money Source is licensed as a lender, loan servicer, and/or debt collector in multiple states including Alabama, Alaska, Arizona, Arkansas, California, Connecticut, Delaware, District of Columbia, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, and Wyoming.
Partnerships
The Money Source has partnered with Ellie Mae to offer Encompass Investor Connect™. The company serves as the master servicer for The Port of Cincinnati DPA program. These partnerships enhance the service offerings and extend the company's reach and capabilities within the mortgage and loan servicing industry.
Loan Programs
The Money Source provides a range of loan programs including FHA 203(k) and Fannie Mae HomeStyle Renovation Mortgage under its rehab loan offerings. They also offer a comprehensive HFA Lending Guide for FHA, VA, USDA, and Conventional loans. The company provides a unique KISS system for simplifying the pricing, locking, and delivery of loans. Among its offerings, the Jumbo Express program stands out with a minimum FICO of 720 and a maximum loan amount of $1.5M.
Down Payment Assistance Programs
The Money Source offers various Down Payment Assistance (DPA) programs across the United States. These include a comprehensive list of recommended programs and specific involvement as the master servicer for The Port of Cincinnati DPA program. The company ensures clients have access to sufficient resources and documents like product guides and seller's manuals to navigate these programs effectively.