Take a look at our Third Party Origination benefits!
Wholesale
Wholesale
To Whom It May Concern:
We are the Home of Possibility! At DAS Wholesale, a subsidiary of DAS Acquisition Company, LLC., our mission remains the unrelenting pursuit of perfection. We pride ourselves on our local lending excellence and the superior level of service that our status as a mortgage lender enables us to provide. We keep opening doors as a mortgage industry leader. For EVERY YEAR since our inception in 2001, the St. Louis Business Journal™ has named DAS Wholesale and DAS Acquisition Company among the top choices for a residential lender in the St. Louis metropolitan area.
DAS is looking to expand our Wholesale Division and we are partnering with banks and credit unions all over the country. We are set apart by our:
• Customer Service • Rates • Technology
I will follow up with you in the next week and would like to take a few minutes of your time to discuss the opportunity we have to partner with you. Please feel free to contact me anytime.
Sincerely, Don S. Riggs Area Regional Manager [M] 303.249.8274 [O] 303.268.7777 driggs@usa-mortgage.com www.donriggs.com NMLS: 132702
Customer Loyalty – We have a mortgage loan product for almost any situation. Having more loan programs available will help you retain your current customer base allowing them to continue to work with you, the entity they know and trust. No need to go anywhere else. New Customers – Conversely, you could obtain new customers, who are currently banking elsewhere, by o ering the mortgage loan that they need. Being there with the “right” loan will give you the opportunity to show them what you have to o er. Why Enter into a Third Party Origination Agreement?
Cross Selling – During the loan process, you have the ability to analyze the credit report and see if there are other opportunities to help the borrower such as refinance a car loan or other debts.
Generate Revenue – DAS Wholesale o ers a very flexible compensation plan for originating loans through a third party origination agreement. You can choose how many basis points you want to get paid on each loan, and then price your loans accordingly. Contact us to learn more about compensation.
No Big Local Banks – We do not sell our loans to any of the big local banks. The investors that we work with are large services and large depositor banks that are not in our area.
Why DAS Wholesale?
Low Fees! – DAS Wholesale has some of the lowest fees in the industry! Our fee covers EVERYTHING from processing the loan to underwriting, as well as compliance-related tasks. Great Rates! – Our interest rates are some of the most competitive in the market. You are able to see real-time pricing on all loans, and we allow you the ability to lock in the interest rate when it’s the best timing for your borrower’s needs. Compliance – In the world of TRID and all other compliance regulations, you might need an army of employees to keep up with everything. We take care of all of that for you, so you have nothing to worry about. We will send out all initial disclosures, Loan Estimate, re-disclosures, and the final Closing Disclosure in accordance with TRID to ensure your files are compliant. Technology – We have one, user friendly, platform (TPO Connect) for you to originate loans. Your loan o cers will be able to pull credit, run AUS, track the loan in process, upload documents, lock loans and eSign disclosures all from this one platform! Support / Training – It is very easy to schedule training for anyone necessary –from pre-recorded videos to onsite or web-based training, we have you covered. Also, there is a team of DAS employees available to you: Account Executive, Loan O cer Assistant, Processor, Underwriter, and Closer. We are here to help you from start to closing on all of your loans!
What Services Do We O er?
PROCESSING
TECHNOLOGY
COMPLIANCE
UNDERWRITING
Wholesale
SECONDARY
CLOSING
PRODUCT KNOWLEDGE
POST-CLOSING
TRAINING
Increase Your Product O erings Loan Programs that fit their needs
FHA – This loan program is great for first-time home buyers who don’t have a lot of money to put down on a new home. It allows a borrower to only put 3.50% of the Sales Price down. Because the loan is federally insured, lenders can -- and do -- o er FHA loans at attractive interest rates and with less stringent and more flexible qualification requirements. FHA loans allow us to o er the program to borrowers with lower FICO credit scores than many other programs. The current Up-Front MIP is 1.75% and is rolled into the loan. The Annual MIP Premium depends upon the amortization term and LTV. VA - A VA loan is a mortgage loan guaranteed by the U.S. Department of Veterans A airs (VA). VA loans are home loans for the purchase of a primary residence available to consumers who have served or are presently serving in the U.S. military. * No down payment is required, and the VA funding fee is able to be financed into the loan. *100% financing up to the appraised value of the property. USDA - The USDA loan program, also known as the USDA Rural Development Guaranteed Housing Loan Program. This mortgage loan offered to rural property owners by the United States Department of Agriculture. The program is designed to “improve the economy and quality of life in rural America.” It offers low interest rates and * NO Down Payment. The current Up-Front Guarantee Fee is 1.0% and is rolled into the loan. The Annual Fee is 0.35% and is a part of the monthly payment. The property must be in an USDA eligible area and the household maximum income must meet USDA guidelines. **100% LTV of the appraised value plus the guarantee fee. CONVENTIONAL - A Conventional loan is a mortgage that is not guaranteed or insured by any government agency, including the Federal Housing Administration (FHA), the Farmers Home Administration (FmHA) and the Department of Veterans Affairs (VA). It is typically fixed in its terms and rate. DAS Acquisition Company, LLC is not a liated with or endorsed by any government entity or agency, including USDA, HUD or VA. Interest rates and products are subject to change without notice and may or may not be available at the time of commitment or lock-in.
Wholesale
Don S. Riggs Area Regional Manager [M] 303.249.8274 [O] 303.268.7777 driggs@usa-mortgage.com www.donriggs.com NMLS: 132702
Michael Pendergist Senior Mortgage Loan Originator [M] 720 . 255 . 4900 mpendergist@usa-mortgage.com mpendergist.usa-mortgage.com NMLS: 791753
DAS Acquisition Company, LLC dba DAS Wholesale NMLS #227262. Intended for mortgage professionals only. Not for consumer distribution. Regulated by the CO Division of Real Estate. Headquarters: 12140 Woodcrest Executive Drive, Suite 150, St. Louis, Missouri 63141, Toll Free: (888) 250-6522. For licensing information, go to: www.nmlsconsumeraccess.org.
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