Program offers enhanced pricing and credit options
Wholesale mortgage lender The Loan Store (TLS) has rolled out a consumer rewards program to empower brokers with enhanced pricing options.
TLS said the new rewards program gives loan originators the flexibility to offer borrowers enhanced credit options for selected interest rates. Borrowers can expect up to 40bps on rate reductions.
Additionally, the program enables TLS-approved brokers and non-delegated correspondents to reduce or eliminate administrative fees on a loan and offset costs linked to lock extensions and appraisals.
“Our singular focus at The Loan Store is to equip our partners with tools and products that enable them to cast a wider net and support more homebuyers in their respective communities,” The Loan Store CEO Phil Shoemaker said. “The TLS consumer rewards program is another example of the value we’re enabling our partners to provide their customers.”
Read more: The Loan Store urges brokers to cast wider net in lean times
This offer is applicable to a variety of loans, including agency, government, and non-QM first-lien loans.
“No matter where rates go, homebuying demand will never be zero,” Shoemaker added. “For those people who are in the market for a new home, the TLS consumer rewards program is another opportunity for wholesale loan originators to showcase themselves as the best choice for financing a home purchase.”
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