PwrTPO (formerly PowerTPO)
9211 Corporate Boulevard, Suite 312, Rockville, MD 20850
https://www.pwrtpo.com/
Internal Reviews
(0 reviews)
Total loans closed with Loan Factory
7
Total loans closed with Loan Factory (past 12 months)
7
Lender overview
Basic information
Lower, LLC dba PwrTPO ISAOA/ATIMA 5950 Symphony Woods Rd., Ste 312 Columbia, MD 21044
Lower, LLC dba PwrTPO ISAOA/ATIMA 5950 Symphony Woods Rd., Ste 312 Columbia, MD 21044
Lock policies & Fees
Lock Policies
Extension requests must also be submitted by 8:00 PM EST. All locks expire at 8:00 PM EST on the lock expiration date.
1-3 days days 7 bps
7 days 12.5 bps
14 days 25 bps
21 days 37.5 bps
30 days 50 bps
If a lock is allowed to expire without obtaining an extension, the loan can be re-locked for 15 days under a worse-case pricing scenario (WCP) plus an additional re-lock fee of .125 charged to the borrower. A loan may only be re-locked once.
Lender's niche & Overlays
- Average 14 calendar days from submission to CTC.
- Turn times on closing docs after CTC 4 hours
- Direct communication with all operations, UW, Closing
- Scenario Desk
- DPA Programs
- TBD's
- Lock and Shop
- Manual UW on Gov't loans
- 580 on FHA, VA
- Agency below 620
- No Score Agency
- DELRAP, Condo desk
- FHA SUA
- No offshore- All US based
Lender turn time
1
1
1
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