CNB National Lender
Has anyone every heard or this company or done business with them? I received the following e-mail this morning from them:
WE CAN STILL CLOSE YOUR NOVEMBER REFI'S & PURCHASES!!! REALLY!!! CNB National Lending, Your National Lender
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Products: *FNMA in 48 states. DU approve eligible. Jumbo, residential, and N/O/O. *FHLMC in 48 states. LP accept down to level 5. All products same as FNMA *We can get MI on DU approvals to 55% DTI. *Still offering 95% on 620 scores. *90% SFR Detached in FL in declining markets with 620 score, O/O, AUS approval. *We can cash out O/O at 6 months and N/O/O after 12 months.*2nd Homes at 90% with 660/680 scores R/T or Purchase, no cash out.
*Manufactured Homes 1. O/O & 2nd Homes to 90% at 680 Purchase, 5% own cash 5% relative gift. 2. O/O & 2nd Homes to 90% at 680 R/T Refi. 3. O/O Cash Out to 65% with LP Accept any level. On O/O MFH's only. 4. O/O & 2nd Homes to 80% at 580 Purchase, 20% down own cash or 20% relative gift. 5. O/O & 2nd Homes to 80% at 580 R/T Refi. 6. Rural acceptable with good comps and no reduction in LTV. 7. Acres up to 10 with full value. 8. Same Quick Service as our Residential.
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Underwriting Turn Times: *2-8 Hours Underwriting & Stip Clearing.
*Clear file by 11:00 am close same day afer 4:00, clear after 11:00 am close next day.
*We will U/W on weekends and evenings, your file never sits. *All your files will be underwritten by our VP of Underwriting so they will be quick, accurate, and questions answered on the spot. His name is Eric Swedenburg and his direct line is 877-421-4654. *We have delegated U/W with all the MI companies, NO delays. *We will run LP or DU if you do not have access to either one.
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