RAISE YOUR EXPECTATIONS
We are fully vested in the success of our business partners by providing industry-leading technology, professional expertise and education, and unbeatable, world-class customer experience. We are your partner.
EXPANSIVE SHORT-TERM & LONG-TERM LOAN PROGRAMS
PML empowers you to present a wide range of loan programs to your clients, catering to both short-term and long-term financing needs.
FULLY WHITE-LABELED LOAN ORIGINATION
PML equips you with a comprehensive suite of white-labeled tools, ensuring your brand remains prominent throughout the entire loan process, from initial contact to final closing.
USE PML TO EXPAND YOUR BUSINESS AND LEND IN ALL 50 STATES
Leverage PML's extensive funding capabilities to explore and penetrate diverse markets, enabling you to originate loans for clients across the entire United States.
DEDICATED LENDING TEAM ACROSS 3 CONTINENT
Get the backend support you need with a committed loan officer, loan processor, and closing team for all your deals.
Experience
- The Correspondent must have been an active originator of first lien, investment-quality residential mortgage.- The Correspondent has been in business for at least the last two years prior to conducting business with PML. Newer firms must have principals with a minimum of five years of experience and sound financials.
- Acceptable personal credit profile and background for all principal officers, owners and/or partners.
Capital Requirement
- $250,000 minimum net worth for Correspondent applying for Non-Delegated Loans with $50,000 in cash.
Legal Standing
- The Correspondent must be duly organized, validly existing, and in good standing under the laws of the jurisdiction of its organization and qualified to transact business and properly licensed in each jurisdiction where it originates or services mortgage loans.
- The Correspondent must be in good standing with all applicable regulatory authorities and not subject to any extraordinary supervision of its operations.
- The Correspondent must have the power and authority to sign the PML Correspondent Mortgage Loan Purchase and Sale Agreement.
- The Correspondent’s compliance with the terms and conditions of the agreement, including the terms and conditions of this Guide, must not violate any of the provisions of its articles of incorporation, charter or bylaws or any other instrument relating to the conduct of the Correspondent’s business, the ownership of its property or any other agreement to which it is a party or by which it is bound.
- No active litigation pending or judgments against the Correspondent or their principals.
Licensing
- Be properly licensed and authorized to originate and warehouse loans, meeting PML Correspondent product line and underwriting standards
- Have a rating of good standing with all governmental licensing and revenue collection agencies.
Insurance
- Minimum E&O coverage in the amount of $200,000, and a maximum deductible of $50,000.
Experience
- The Broker must be in business for at least two years prior to conducting business with PML.
- Newer firms must have principals with a minimum of five years of experience and sound financials.
Legal Standing
- The Broker must be duly organized, validly existing, and in good standing under the laws of the jurisdiction of its organization and qualified to transact business and properly licensed in each jurisdiction where it originates or services mortgage loans.
- The Broker must be in good standing with all applicable regulatory authorities and not subject to any extraordinary supervision of its operations.
- The Broker must have the power and authority to sign the PML Broker Agreement.
- The Broker’s compliance with the terms and conditions of the agreement, must not violate any of the provisions of its articles of incorporation, charter or bylaws or any other instrument relating to the conduct of the Broker’s business, the ownership of its property or any other agreement to which it is a party or by which it is bound.
- On an ongoing basis Broker is required to promptly but in no more than 30 days notify PML of any new litigation or judgments.
Licensing
- The Broker must possess and maintain all required licenses necessary to conduct its activities in each jurisdiction in which any mortgaged property is located or otherwise be exempt from such requirements.
