Effective with locks beginning June 5, 2018, all loans will be subject to New Penn Financials’ National Correspondent Division Program Guidelines, we will no longer make exceptions based on our former guidelines as Envoy.
Bulletin #2018-07
TO: Approved Correspondent Lenders
FROM: New Penn Financial National Correspondent Division
DATE: June 4, 2018
SUBJECT: Effective with locks beginning on June 5, 2018, all loans will be subject to New Penn’s National Correspondent Division Guidelines.
New Penn Financial National Correspondent Division is pleased to announce the following changes.
Effective with locks beginning June 5, 2018, all loans will be subject to New Penn Financials’ National Correspondent Division Program Guidelines, we will no longer make exceptions based on our former guidelines as Envoy. For all loans locked before June 5, 2018, we will honor our former guidelines but there will be no exceptions for loans locks beginning June 5, 2018.
Download New Penn Financials’ National Correspondent Division Seller Guide by clicking here. Links to our Product Profiles and Overlays for our loan programs can be found by clicking here.
For more information about our loan products, turn times and for additional resources, visit www.newpenncorrespondent.com
New Penn Financial, LLC
National Correspondent Division
1000 Oliver Road, Suite 300
Monroe, LA 71201