Who is your best subprime lender?

Seven Figures · Joined: 09 May 2005 Posts: 2

I am new to this forum,so I do not know if this has been explored in detail. I will start by telling everyone that I like to use Decision One Mortgage for most of my subprime loans.

I like the following about D1:

1. rates are very competitive for subprime. I have recently seen a 612 mid scores with recent lates on installment debt but 0 x 30 on rent or mortgage history at 5.34% on a first 2/28 and 8.5% on a second 30/15 for 100% financing at a great blended rate that equals prime at 95% LTV

2. The MN branch is excellent for turn around service and you can email or fax all your documents. I usuallly see a stip sheet in 24 hours,but that could be that I have very complete files.

3. the local AE is knowledgeable and always helpful,as well as easy to get a hold.

4. doc order sheets are handled that day before the wire cut off of 1:30 pm,so a loan can close the next day. I have had submitted loans usually funded in 48 hours with my broker check wired into my account

5. their prequal site they have is never wrong and easy to use.

Who is your strongest subprime lender and why?

Seven