REMN Wholesale is pleased to announce enhancements to our Access program.

Prepayment Penalty

  • Prepayment Penalty has been revised to reflect six (6) months interest on the amount prepaid exceeding 20% of the principal balance (previously 2.5% of the amount prepaid)
  • Terms are now available up to five (5) years (previously, the max term was 3 years)
  • May be applied to newly registered loans 5/20/23 and after

Reserve Requirement

  • May be applied to newly registered loans as well as existing pipeline loans

Guidelines have been updated at may be found at www.remnwholesale.com**Please contact your Account Executive with any questions**

Full Doc/Alt Doc > $1.5mill up to $2mill 9mos PITIA (reduced from 12mos PITIA)
Full Doc/Alt Doc > $2mill up to $3mill 12mos PITIA (reduced from 15mos PITIA)
Investor Cash Flow up to $500K 3mos PITIA/ITIA for LTV <= 70%

6mos PITIA/ITIA for LTV > 70%

(previously 6mos for all LTV’s)

Investor Cash Flow > $500K up to $1.5mill 6mos PITIA/ITIA
Investor Cash Flow > $1.5mill 9mos PITIA/ITIA (reduced from 12mos PITIA/ITIA)