Our Consortium brings together the investors, online tools,
and support to enable community banks to consistently
improve execution and ensure they remain competitive in
this tightening market.


Loan Programs

  • FHA, VA conforming
  • Fixed and adjustable rates
  • Best-effort and mandatory locks
  • Primary, secondary, manufactured, investment properties

 

Preferred Investors

Sun Trust Mortgage
Sun West Mortgage

 

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Powered by Mortgage Rate

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Online Technology

  • Lock pipeline for loan officers & secondary
  • Loan scenario eligibility & pricing engine (banks investors)
  • Rate posting for banks web site
  • LO alerts when target rate is available for specific borrower
  • Image document support (share files with underwriting)
  • Electronic underwriting notification

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Comprehensive Support

  • Dedicated account managers
  • Direct access to underwriting & delivery teams
  • Online status information on all loans at all stages
  • Fast funding (typically 48 hr.)

 


FHA Support Program

  • HUD application support
  • Sponsor bank for FHA/ VA loans
  • FHA loan officer training
  • Target, 48 hour underwriting
    response time

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 The Consortium is co-managed and powered by PitchPoint Solutions

For information on the Consortium:
info@pitchpointsolutions.com
Phone: 412.569.0814
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  • MortgageDaily.com - Mortgage News Headlines
    Mortgage Industry News for the Mortgage Industry

    • 2 NY Banks Fail
      New York's Banking Department closed LibertyPointe Bank last week.

      In addition, the state seized The Park Avenue Bank.

      Valley National Bank took over the deposits and assets of both failed institutions from the receiver, the Federal Deposit Insurance Corporation.
    • FHA Delinquency Down, Purchase Apps Up
      During February, FHA delinquency of at least 90 days fell 20 basis points from January.

      The housing agency began publishing monthly delinquency around September 2009, and this was the first time since then that delinquency declined.

      Purchase applications jumped to 37 percent in February from a month earlier.
    • Huge RMBS Sale
      The Federal Deposit Insurance Corporation announced the sale of notes backed by $3.8 billion in residential mortgage-backed securities.

      More than 70 investors, including banks and insurance funds, participated across fixed and floating rate series.

      Investment funds and pension funds were also among the institutional investors.
    • Completed HAMPs Grow
      As of February, servicers had completed 168,708 modifications under the Home Affordable Modification Program, the U.S. Department of the Treasury reported.

      In January, 116,000 HAMP modifications had been completed.

      As recently as October, Treasury data indicated that no permanent HAMP modifications had been completed.
    • Hotels Continue to Drag Down CMBS Performance
      Delinquency on securitized commercial mortgages rose 31 basis points in February, Moody's Investors Service reported.

      The increase was led by an 82 basis point surge in hotel delinquency.

      Late payments on hotel loans rose faster than on any other loan type.