Why Builders Choose Guaranteed Rate Affinity October 2023
Page 2 | Return to Table of Contents Our Premier Builder Value Proposition Guaranteed Rate Affinity NMLS: 1598647 - For licensing information, go to: www.nmlsconsumeraccess.org. BUILDER & NEW CONSTRUCTION *Guaranteed Rate Affinity cannot guarantee that an applicant will be approved or that a closing can occur within a specific timeframe. All dates are estimates and will vary based on all involved parties level of participation at any stage of the loan process. Contact Guaranteed Rate Affinity for more information. Builders shall be financially responsible for their pro rata share of print marketing and event costs. Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply. Co-branded marketing and events to help promote and drive traffic to sales centers and model homes 2 Real-time updates on customer loan status and details National builder team with local support staff 1 Escrow holdback waivers for external repair assurance 5 Custom, creative builder products provide more flexibility 3 Fast approvals provide confidence at time of contract* 6 7 Dedicated appraisal panels for a more consistent experience 4
• 1,500+ employees nationwide
• Our parent company is the 2nd largest retail mortgage lender in the country 1
• 350+ offices across the country
• We have a relationship with Anywhere Insurance Agency2
• Our parent company Guaranteed Rate, has major sports sponsorships across the nation and official naming rights to Chicago White Sox stadium
Page 3 | Return to Table of Contents Guaranteed Rate Affinity NMLS: 1598647 - Operating in the state of New York as GR Affinity, LLC in lieu of the legal name Guaranteed Rate Affinity, LLC.- For licensing information, go to: www.nmlsconsumeraccess.org. Guaranteed Rate Affinity is a strong national brand with great momentum.
BUILDER & NEW CONSTRUCTION 1-Inside Mortgage Finance 2023 2-Guaranteed Rate Affinity may choose to recommend Anywhere Insurance Agency, LLC to provide insurance and/or title/escrow services. Guaranteed Rate Affinity has 100% ownership and a direct or indirect financial interest in Anywhere Insurance Agency, LLC. You are not required to use Anywhere Insurance Agency, LLC as a condition for, settlement of your loan on, or purchase, sale, or refinance of, the subject property. There are frequently other settlement service providers available with similar services. You are free to shop around to determine that you are receiving the best services and the best rate for these services.
History and Experienced LOs
Brian Franks
NMLS 1019164
With 32 years of experience in mortgage lending, Brian is an expert in conventional, jumbo, VA, FHA and non QM mortgages. He’s certified in new construction, renovation and reverse mortgages and received a 100% Customer Service Rating in 2023. Brian is currently a President’s Club member and has been recognized in South Florida Agent Magazine in 2022 and 2023 as a Top Loan Officer for Southeast Florida. He also remains the trusted lender for Akel Homes.
Lisa Vaske
NMLS 224540
Lisa knows that everyone has different financial goals, so she takes the time to fully understand each client's situation in order to recommend the most appropriate mortgage solutions. With more than three decades of experience under her belt, Lisa and her incredible processing team stay in constant contact to make the mortgage process as pain-free as possible. She also educates her clients on multiple scenarios, including builder options, so that they can get exactly what they want, all the way down to the fixtures in the kitchen.
Amber Smith
NMLS 625545
Amber Smith is your go-to resource for adding value to builders' and their clients' financing needs. With a wealth of experience in the mortgage industry, Amber specializes in tailoring financing solutions that align with builders’ goals and exceed their expectations. Her commitment to providing competitive rates, seamless processes and personalized service ensures that builders can confidently offer top-notch financing options to their clientele. Amber’s deep understanding of the intricacies of the construction industry streamlines the lending process, making it easier for builders to trust in her commitment to on-time closings.
Brenna Romaine
NMLS 1835196
Brenna Romaine is a trusted, expert residential mortgage lender. She has experience working with local builders and prides herself on excellent customer service, utilizing her knowledge, thoroughness and responsiveness. She has a master’s in business administration and is a Charleston, SC native.
Page 4 | Return to Table of Contents Guaranteed Rate Affinity NMLS: 1598647 - Operating in the state of New York as GR Affinity, LLC in lieu of the legal name Guaranteed Rate Affinity, LLC.- For licensing information, go to: www.nmlsconsumeraccess.org.
BUILDER & NEW CONSTRUCTION
Guaranteed Rate Affinity NMLS: 1598647 - Operating in the state of New York as GR Affinity, LLC in lieu of the legal name Guaranteed Rate Affinity, LLC.- For licensing information, go to: www.nmlsconsumeraccess.org. Red Arrow Connect Product Matrix Advantageous loan pricing keeps everyone happy (Your clients' happiness means a lot to us) Competitive loan pricing puts customers first by keeping rates low. Shows your customer that you have a recommended lender that has their best interest at heart. BUILDER & NEW CONSTRUCTION Page 5 | Return to Table of Contents
Lock ʻnʼ BuildExtended Rate Lock Program
Protect buyers from rising rates while their home is under construction with our Lock ‘n’ Build Extended Rate Lock program
Lock ‘n’ Build Program1
• 4-, 5-, 6-, 9- and 12-month locks available2
• 30-year fixed products
• Conventional, FHA and VA products
• High-balance and super conforming 30-year fixed-rate loans
• Non-refundable and refundable upfront fee options
• Jumbo & Non-conforming loan amount options available up to 365 days
• Float down option available prior to closing if rates improve3
Page 6 | Return to Table of Contents Guaranteed Rate Affinity NMLS: 1598647 - Operating in the state of New York as GR Affinity, LLC in lieu of the legal name Guaranteed Rate Affinity, LLC.- For licensing information, go to: www.nmlsconsumeraccess.org.
Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply. Guaranteed Rate Affinity has no affiliation with the US Department of Housing and Urban Development, the US Department of Veterans Affairs, the US Department of Agriculture or any other government agency. 2-Additional fees may apply. 1-Eligible for new construction properties. Borrower must pay the Extended Rate Lock Fee up front within 72 hours and sign an Extended Lock Authorization Form within 24 hours of locking the rate. The Extended Rate Lock Fee is refundable to the borrower at closing; however, the fee will not be refunded if the borrower cancels, the loan is relocked, or if the loan is denied. Borrower's rate may be locked up to 365 days and will be eligible for one renegotiation which will incur a renegotiation fee. The new rate will expire either on the current rate expiration date or 45 days from the renegotiation date, whichever comes first. Applicants are subject to credit and underwriting approval. Not all applicants will be approved. BUILDER & NEW CONSTRUCTION 3-Only one rate renegotiation per file is permitted. Case-by- case basis if the rate is 0.25% better. Renegotiation fee: -0.375%.
Focus on quick-delivery homes with our Rate Reduce Program
Drive more traffic to quick-delivery homes by temporarily lowering your buyer′s interest rate. Our menu of Temporary Rate Buydown options lower monthly mortgage payments via a seller concession for the first one, two or three years, depending on option chosen.
Rate Reduce Program*
• Allows your customer to ease into their new mortgage payment
• Reduces initial payments, freeing up funds to help with those little things that make a house a home
• Five options: 3-2-1, 1-1-1, 2-1, 1-0, or 1.5-.05 provide flexibility in both price and marketing
•
•
Page 7 | Return to Table of Contents Guaranteed Rate Affinity NMLS: 1598647 - Operating in the state of New York as GR Affinity, LLC in lieu of the legal name Guaranteed Rate Affinity, LLC.- For licensing information, go to: www.nmlsconsumeraccess.org. Guaranteed Rate Affinity is a private corporation organized under the laws of the State of Delaware. It has no affiliation with the US Department of Housing and Urban Development, the US Department of Veterans Affairs, the Nevada Department of Veterans Services, the US Department of Agriculture, or any other government agency. No compensation can be received for advising or assisting another person with a matter relating to veterans’ benefits except as authorized under Title 38 of the United States Code.
2-1 Sample Scenario Year Rate* 1 4.99% 2 5.99% 3 - 30 6.99% (back to original rate) Qualifications
15- & 30-Year Fixed-Rate products available
and High-Balance FHA/VA
Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply. Sample rate provided for illustration purposes only and is not intended to provide mortgage or other financial advice specific to the circumstances of any individual and should not be relied upon in that regard. Guaranteed Rate Affinity cannot predict where rates will be in the future *Rate Reduce option available from participating builders and sellers on select properties. BUILDER & NEW CONSTRUCTION
Conventional Conforming
Conforming
Quick Delivery Home Solutions
Forward Commitments
• Help builders sell quick-delivery & completed inventory homes by locking in a block of funds at or below market rates without counting against Interested Party Contributions through a permanent rate buydown.
• 3M–20M blocks available
• Conventional, FHA & VA 30-Year Fixed (high-balance not avail.)
• Lock periods can be between 60 and 120 days* (must be decided upfront)
• May be combined with Rate Reduce (temporary buydowns)
Lock ‘n’ Sell**
• *The Lock ‘n’ Sell builder paid price adjustment varies by lock period, up to 120 days, with a minimum cost of .25% and a maximum cost of .50%.
• Eligible for 30-Year, fixed-rate loan options
• May be combined with Rate Reduce (temporary buydowns)
Page 8 | Return to Table of Contents Guaranteed Rate Affinity NMLS: 1598647 - Operating in the state of New York as GR Affinity, LLC in lieu of the legal name Guaranteed Rate Affinity, LLC.- For licensing information, go to: www.nmlsconsumeraccess.org.
**Eligible borrowers must be under contract and have submitted their application to Guaranteed Rate Affintiy no later than 15 days prior to lock expiration date in order to maintain eligibility for the advertised rate. Available for 30 year, fixed rate loans. If the loan does not close during the initial lock period or if the initial lock period expires the borrower may incur additional fees. The initial lock period will be either 90 or 120 days. Borrower's rate and APR may be higher based upon borrower's credit profile and other criteria. Not all applicants will be approved. Restrictions apply. *Eligible for new construction properties. Borrower must pay the Extended Rate Lock Fee up front within 72 hours and sign an Extended Lock Authorization Form within 24 hours of locking the rate. The Extended Rate Lock Fee is refundable to the borrower at closing; however, the fee will not be refunded if the borrower cancels, the loan is relocked, or if the loan is denied. Borrower's rate may be locked up to 365 days and will be eligible for one renegotiation which will incur a renegotiation fee. The new rate will expire either on the current rate expiration date or 45 days from the renegotiation date, whichever comes first. Applicants are subject to credit and underwriting approval. Not all applicants will be approved. Additional restrictions apply.
BUILDER & NEW CONSTRUCTION
Page 9 | Return to Table of Contents Guaranteed Rate Affinity NMLS: 1598647 - Operating in the state of New York as GR Affinity, LLC in lieu of the legal name Guaranteed Rate Affinity, LLC.- For licensing information, go to: www.nmlsconsumeraccess.org. Dream Bigger Qualifications • Fannie Mae – conventional, fixed and ARM products only • New build/new construction only • Cost to complete improvements can′t exceed 15% of new appraisal value • Must have guaranteed contract from third-party contractor Guaranteed Rate Affinity's Dream Bigger program can help you close more deals. This program enables your clients to hire a third-party contractor and include the cost of the project in their mortgage. Third-party contractor is paid 25% of material costs at close and three disbursements after closing. Everything held in escrow for third-party contractor. Project must be completed within 90 days of close, subject to exception depending on scope of project. Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply, contact Guaranteed Rate Affinity for current rates and for more information. • Give your clients a great alternative if the project is outside your scope of work. • Satisfy more clients and close more deals on time. • Focus on building the home while they install a custom project – perfect for pools, landscaping, fences and more. BUILDER & NEW CONSTRUCTION Give your clients the option to upgrade their home before they move in.
Custom Marketing and Events
• Fun & engaging events designed to drive additional traffic to sales centers and model homes
• Fresh marketing materials and signage, with the opportunity for co-branding
Kick your event game up a notch
When you partner with a qualifying Loan Officer,* you’ll have access to our in-house Events Team that will help you plan the best festivities, ensuring no detail is left undone.
From food trucks to virtual golf, our exciting and effective events can help generate new traffic to your community, sales center or future development.
Our Events Team will help:
• Source vendors
• Negotiate pricing
• Personalize invites
• Order promotional items
• Set up event registration
Page 10 | Return to Table of Contents Guaranteed Rate Affinity NMLS: 1598647 - Operating in the state of New York as GR Affinity, LLC in lieu of the legal name Guaranteed Rate Affinity, LLC.- For licensing information, go to: www.nmlsconsumeraccess.org.
Builders shall be financially responsible for their pro rata share of print marketing and event costs.
BUILDER & NEW CONSTRUCTION
Appraisal panels can help avoid bumps in the road
A team of construction-certified appraisers, who understand the nuances and challenges of homebuilding, is assigned.
Appraisal Panels help provide a level of consistency to help reduce surprises and mistakes
Escrow Holdback Waivers for common non-health & safety-related items
Page 11 | Return to Table of Contents Guaranteed Rate Affinity NMLS: 1598647 - Operating in the state of New York as GR Affinity, LLC in lieu of the legal name Guaranteed Rate Affinity, LLC.- For licensing information, go to: www.nmlsconsumeraccess.org.
Escrow
Appraisals and
Holdbacks
Guaranteed Rate Affinity NMLS: 1598647 - For licensing information, go to: www.nmlsconsumeraccess.org. BUILDER & NEW CONSTRUCTION
Technology
We invented the world’s first digital mortgage years ago to make it easier for the customer to get the loan process going. Years later, it’s still the industry standard, getting people applied in as little as 10 minutes*.
• Generates recommended loan options with real-time rates
• Advanced Asset Verification: hassle-free automated bank statement gathering
• LoanBeam technology simplifies tax return income for faster and more accurate income analysis
• Personalized document to-do list guides users through the process
Page 12 | Return to Table of Contents Guaranteed Rate Affinity NMLS: 1598647 - Operating in the state of New York as GR Affinity, LLC in lieu of the legal name Guaranteed Rate Affinity, LLC.- For licensing information, go to: www.nmlsconsumeraccess.org.
Convert traffic and close deals faster with a DIGITAL KIOSK (your clients can be pre-approved in minutes) On-site financing tool for your sales team 1 Maintain momentum during the sales process 2 Wrap up purchase agreements in minutes 3 Applicant subject to credit and underwriting approval. Not all applicants will be approved for financing. Receipt of application does not represent an approval for financing or interest rate guarantee. Restrictions may apply. If California regulator updates to require licensing, the kiosk would be removed from the builder’s space. Not all states are approved for kiosks. *Guaranteed Rate Affinity cannot guarantee that an applicant will be approved or that a closing can occur within a specific timeframe. All dates are estimates and will vary based on all involved parties level of participation at any stage of the loan process. Contact Guaranteed Rate Affinity for more information. BUILDER & NEW CONSTRUCTION
Page 13 | Return to Table of Contents Guaranteed Rate Affinity NMLS: 1598647 - Operating in the state of New York as GR Affinity, LLC in lieu of the legal name Guaranteed Rate Affinity, LLC.- For licensing information, go to: www.nmlsconsumeraccess.org.
Status
Get 24/7 real-time access to loan status You′ll never have to wonder where a file is Consistent regular pipeline/ backlog reporting 1 2 3 LOAN STATUS UPDATES Our feelings won’t be hurt (much) if you don’t call us BUILDER & NEW CONSTRUCTION
Loan
Monitor
Page 14 | Return to Table of Contents Contact your Guaranteed Rate Affinity Builder Expert today! (20231002-2414505) Guaranteed Rate Affinity, LLC; NMLS #1598647; 1800 W Larchmont Ave, Chicago, IL 60613; 773-516-6900. For licensing information visit nmlsconsumeraccess.org. Equal Housing Lender. Conditions may apply. • AZ: 7221 E Princess Blvd, Ste 117, Scottsdale, AZ 85255, Mortgage Banker License #0941440 • CA: Licensed by the Department of Financial Protection and Innovation under the California Residential Mortgage Lending Act • CO: Regulated by the Division of Real Estate • GA: Residential Mortgage Licensee #20973 • MA: Mortgage Lender & Mortgage Broker License # MC1598647 • ME: Supervised Lender License #1598647 • NH: Licensed by the New Hampshire Banking Department, Lic #21635-MB • NJ: Licensed by the N.J. Department of Banking and Insurance • NY: Licensed Mortgage Banker - NYS Department of Financial Services, 348 West 14th Street 2nd Floor, New York, New York 10014 • OH: MB 804260 • OR: Licensed and Regulated by the Department of Consumer and Business Services • PA: Licensed by the Pennsylvania Department of Banking and Securities • RI: Rhode Island Licensed Lender • WA: Consumer Loan Company License CL-1598647. Guaranteed Rate Affinity NMLS: 1598647 - For licensing information, go to: www.nmlsconsumeraccess.org. BUILDER & NEW CONSTRUCTION FOR BUILDER USE ONLY — Not for public dissemination. May not be distributed, reprinted or shown to the public in oral, written or electronic form as sales material. The Red Arrow is a registered trademark of Guaranteed Rate, Inc., used under license. Guaranteed Rate Affinity, LLC is a subsidiary of Guaranteed Rate, Inc.
