Become a Partner

Correspondent

Vista Point Mortgage partners with lenders who want to responsibly expand their business by offering non-QM and non-Agency products to the millions of borrowers who are unable to obtain traditional government-financed mortgages. We offer private capital liquidity for non-QM and non-Agency residential mortgage loans with conduit operations catering to delegated Correspondents.

Please submit your contact information in our contact form, and a Vista Point Mortgage representative will reach out to you immediately to assist in becoming an approved Seller.

* Correspondent Seller Criteria

  • Net worth of $1,000,000 is required for all correspondent sellers
  • Business operating for at least 2 years. Or principals should have minimum 7 years’ experience in mortgage lending for newer firms
  • Properly licensed to originate and sell mortgage loans
  • Maintain a current Errors and Omissions Insurance Policy and Fidelity Bond with a minimum coverage of $300,000 per occurrence
  • “Good standing” with all governmental licensing and revenue collection agencies (public record clear of civil or criminal judgements)
  • All 25% or greater owners will have credit pulled. Any past credit difficulties will be reviewed and require a letter of explanation. Financial institutions subject to federal oversight are exempt

* Required Documentation

  • Completed Correspondent Lending Seller Application, signed and dated
  • Completed Loan Purchase and Sale Agreement – signed and dated
  • Most recent Guidelines if Group 2 Contract Category, “Seller” selected
  • Completed Credit Consent – signed and dated (or copy of credit report dated within 120 days)
  • Corporate Resolution – to confirm authorized signatories for the company
  • Loan Fraud Zero Tolerance Form, signed and dated
  • Anti-Money Laundering and Suspicious Activity Reporting Attestation Form, signed and dated
  • Current Resumes for all principal officers and senior managers addressing mortgage experience
  • Most recent two years audited and most recent interim unaudited financial statements (within the past 5 months)
  • Quality Control Policy
  • Most recent Quality Control Audit and management response
  • TPO Policy (if applicable)
  • Company’s Appraisal Independence Requirements (AIR) policy
  • Three most recent investor scorecards from investors (to include non-QM population if applicable)
  • Proof of current fidelity bond with coverage meeting agency guidelines
  • Proof of current errors and omissions insurance with coverage meeting agency guidelines
  • W-9 Form
  • Terms to qualify as a Correspondent are subject to change without notice. Additional documentation and requirements apply. Approval is subject to a full review of the information and documentation by Vista Point Mortgage.

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