TEMPORARY INCREASE IN GOVERNMENT CREDIT SCORE MINIMUM TO 640
Effective immediately, REMN Wholesale will no longer accept new submissions of government loans (FHA, VA, USDA) with a low middle credit score under 640.
Several factors led to this decision, including unacceptably high delinquency and dramatically lower submission-to-closing pull-through relative to other loans.
If the loan has already been locked, or submitted as either a litefile or a full file, it will be honored. However, the last date to close will be Friday, July 13th.
If you have any questions, please contact your AE.