Tools and Resources

NQM Funding, LLC offers a wide range of free tools and resources to help you provide a truly seamless borrowing experience for all of your clients. Explore a variety of calculators, forms and requirements that can save you time, allowing you to focus on building relationships and delivering top-quality customer service.

Calculators

1099 Income Calculator

Reports a buyer’s income as a means of securing a Non-QM loan, which can be helpful in the event that they cannot verify their income via tax returns.

2-1 Buydown Calculator

Calculates a borrower’s interest rate for the first two years of loan payment on a 2-1 buydown option.

Asset Utilization Calculator

Calculates how effectively and efficiently an organization uses its assets to bring in revenue and cut back costs.

Bank Statement Calculator

Determines a borrower’s monthly income and maximum home price, loan amount, and estimated closing costs based on provided bank statements.

DSCR Calculator

Measures whether a borrower’s cash flow is sufficient enough to generate an adequate return on their investment.

Profit and Loss Calculator

Demonstrates a borrower’s fiscal ability to make loan payments through the strength and viability of the borrower’s business.

Forms

Appraisal Transfer Form

Outlines the appraisal transfer requirements and documentation needed for completion and provides a form authorizing the transfer of an appraisal.

Condo Questionnaire

Provides proof that a condominium unit and the development are in compliance with underwriting requirements.

Exception Request Form

Provides context for suboptimal borrowing situations. Must be submitted when a borrower does not meet a lender’s funding requirements..

Submission Checklist

Helps you keep track of client forms and documents required for submission so you can ensure a timely closing.

Policies

Appraisal Policy

Outlines the appraisal transfer requirements and documentation needed for completion and provides a form authorizing the transfer of an appraisal.

Wholesale Lock In Policy

Locks in a borrower’s lending rate so that it does not change between the time of the initial offer and closing.

Correspondent Lock In Policy

Locks in a borrower’s lending rate so that it does not change between the time of the initial offer and closing.

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Broker in Just Minutes!

Offer your clients even more financing options by becoming an NQM Funding, LLC-approved broker. You’ll gain access to our competitive loan packages, flexible programs, and top-quality support service to ensure that your clients are getting the best deal, every time.

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This information is intended for the exclusive use of licensed real estate and mortgage lending professionals in accordance with all laws and regulations. Distribution to the general public is prohibited. Rates and programs are subject to change without notice.