“STAR makes it very easy for someone to upload a loan,” Edwards said. They can upload their 3.2 or 3.4 forms – the system accepts both – and “the system does the rest. It’s all about ease of use. In mortgages, in new tech, the bar is high, and you’ve got to rise to it to compete.”
A tour through Orion’s product offerings
Edwards said that the organization has had “incredible success this year” in the DPA and in the non-agency markets, in particular with Boost DPA, COIN Fuel, and the Titan jumbo products.
Here’s a bit of a tour through Orion’s product offerings, with Curtis Edwards as our guide:
Titan Prime Jumbo – “It’s an A paper jumbo. The guides are pretty vanilla, but it’s priced extraordinarily well. It does offer primary second home and investment loan amounts of up to $2.5 million, up to 85% LTV on primary, down to 680 FICO, with 15, 20, 25, 30 year fixed, and various ARMs. But the real kicker on this product is how well it’s priced. We do competitor price compares every single day and we’re typically among the top in the nation on this jumbo.”
Titan AUS – “It’s also priced very well, but it’s more of a simplified underwrite,” he said. “Whatever income requirements are returned on the AUS is all you have to provide, up to 80% LTV, loan amounts to $2 million, for a 20, 25, 30 year fixed. And that will go DTI 49.99%
Source: mpamag.com