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

    • 7 Institutions Seized
      The Georgia Department of Banking and Finance closed a bank in the state, while federal and state regulators closed two banks in Florida.

      In addition, state regulators in Washington and Oregon closed two more banks.

      Two credit union failures brought to seven the number of financial institutions to fail last week.
    • Agency Issuance Increases 4th Consecutive Month
      Fixed-rate issuance of Fannie Mae, Freddie Mac and Ginnie Mae MBS was $95 billion during July based on data reported by eMBS.

      Volume was higher than $93 billion in June.

      Volume has risen each month since March.
    • COFI Edges Up
      The Cost of Funds Index increased 0.006 percent from May to June, the Federal Home Loan Bank of San Francisco reported.

      The index jumped 20 basis points compared to a year earlier.

      The index was calculated based on data from 11th District members.
    • U.S. Rep Takes on HUD
      Democratic Rep. Dennis Cardoza is taking steps to curtail travel by U.S. Department of Housing and Urban Development Secretary Shaun Donovan.

      The California congressman noted that Donovan took a delegation to Rio de Janeiro in March for an international housing conference.

      Cardoza said Donovan needs to first concentrate on the foreclosure rate in the U.S. before getting involved in international housing problems.
    • FHA Mortgagee Faces $3 Million Action
      Alacrity Lending Co. improperly underwrote home loans, the U.S. Department of Housing and Urban Development concluded in a recent audit.

      The agency's Office of the Inspector General examined 20 FHA loans originated by Alacrity.

      The report recommended that the agency's attorneys determine whether sufficient evidence exists to pursue legal action that could result in "civil enforcement action" totaling more than $3.3 million.