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Announcement

05.08.19 'Goodbye Letter' will be emailed from May 13, 2019

Hello,

  

MK Lending will no longer mail the “Goodbye Letter” to borrower(s) after loan get purchased by the investor.

Starting from May 13, 2019 we will email the “Goodbye Letter” to borrower(s) and broker.

  

Should you have any question, feel free to contact Broker Relations or your Account Executives

MK Lending is constantly looking for ways to improve the client experience and make it easier to do business with us.

04.30.19 MK VOE/SI Loan Program Guideline Update

MK VOE/SI Loan Program Guideline Update

 

 

Effective 5/1/2019, Please be noted with there are changes in loan program (MK VOE and MK SI)

 

  • The rate will be changed for MK VOE 7/1 ARM to 5.125%and MK SI 7/1 ARM to 5.375%

 

  Current New
MK VOE 7/1 5.375% 5.125%
MK SI 7/1 5.625% 5.375%

 

  • MK VOE 5/1 ARM and MK SI 5/1 ARM programs will be suspended

 

  • Maximum Loan Amount increased to $3M.

 

  Current New
MK VOE 7/1 $2.5M $3M
MK SI 7/1 $2.5M $3M

 

  • Max LTV upon loan amount for 1 Unit SFR & PUD will be changed as below

 

  Loan Amt. LTV CLTV Min. FICO
  <= 1 Mil 70% 70% 680
SFR & PUD 1m> to <=2m 65% 65% 700
  2m> to <= 3m 60% 60% 720

 

 

 

Should you have any question, feel free to contact Broker Relations or your Account Executives.

MK Lending is constantly looking for ways to improve the client experience and make it easier to do business with us.

02.15.19 No More Escrow Waiver (No Impound) Fee

No More Escrow Waiver (No Impound) Fee

Please be note that MK Lending has removed escrow waiver (No Impound) Fee on Conventional loan programs of 2/14/2019.

* Conventional ARM Program (Non-CA): Escrow waiver fee is lowered from 0.250 to 0.125

* It will be applying to the loans to be locked on 2/14/2019 or after


Should you have any question, feel free to contact Broker Relations or your Account Executives

MK Lending is constantly looking for ways to improve the client experience and make it easier to do business with us.

02.15.19 Better Pricing on HomeReady / HomePossible Program

MK Lending improved the pricing of HomeReady / HomePossible Loan Program as of 2/15/2019.

Check out MK Lending Ratesheet today (On Page 6) and Pricing Engine!!

Should you have any question, feel free to contact Broker Relations or your Account Executives

MK Lending is constantly looking for ways to improve the client experience and make it easier to do business with us.

02.14.19 Presidents' Day 2019

Presidents’ Day

In observance of President Day, our office will be closed Monday February 18th, 2019.

Date                                        Hours of Operation            Remarks

2/18/2019 (Monday)          Closed                                   President’s Day

We hope you enjoy Presidents’ Day and appreciate your continued partnership with MK Lending

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