Current Broker Bulletins
Our August rates are still HOT!
Earn a .25pt. Price Improvement on 720+ FICO Scores
If your client has a FICO of 720 or better, you’re eligible for a .25pt price improvement on both government or conventional loans.
This special includes all Fixed Rate Products, even second homes and investment properties. It cannot be applied to ARM Loan Programs, combined with any other HSOA pricing specials, and excludes relocks or bulk specials. Max pricing restrictions apply. Fixed Rate Products, even second homes and investment properties, are included. It cannot be applied to ARM Loan Programs, combined with any other HSOA pricing specials, and excludes relocks or bulk specials. Max pricing restrictions apply.
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Earn a .250pt. Price Improvement on Purchase Loans
Our Summer Purchase Special is valid on all owner-occupied (primary residences), for 15, 25 and 30-year conventional and government loans locked in AUGUST. Max pricing is 3.00 including incentives. This special excludes relocks and bulk specials. Questions? Contact your Wholesale Community Banker.
Don't forget our FHA or VA 5/1 ARM with LOW 1.75% Margin
HSOA is now offering a new lower margin ARM for
• All FHA loans - full doc and streamlines (Product code FA51-175)
• VA full doc loans (Product code VA51-175)
This lower margin product will help to protect borrowers from significant interest rate changes once their loan begins adjusting after year 5, producing significant savings over the life of their loan.
Like all government ARMs, loans will be underwritten at the higher of the initial note rate or the fully indexed rate. With these new ARMs, however, the fully indexed rate will be 0.50% lower than the standard 2.25% margin FHA and VA 5/1 ARMs.
Pipeline loans not yet locked are eligible for this new product. For loans previously locked, please contact the Lock Desk for options.
Need to close your approved loan this month?
Get ALL your conditions in by August 20th!
Don't wait 'til the last minute! Ensure a smooth closing by submitting your conditions now. Be sure to check with your Community Banker for posted turn times to ensure your conditions are in ON TIME.
You'll avoid the hectic end-of-the-month rush when you submit conditions today.
New eHOME Systems Update Reminder
Our IT Dept. has solved the issues of late regarding uploading documents through eHOME.
Please keep in mind that Internet Explorer 6.x is no longer supported by our systems, so you must have IE 7.x or higher in order to upload documents (IE 7.x is the preferred browser). Click here for the IE7 download. Click here for the IE8 download.
If you are still experiencing issues uploading documents, please contact our IT Help Desk at 877-631-7744 or helpdesk@myhsoa.com. Thank you for your patience while we resolved this technical issue. Hopefully our technical gremlins will take a break now, as we experienced power outages and email delays caused by a tornado on one coast and a small fire on the other coast last month….
Reminder: New York Mortgage Tax
New York State requires that the lender pay a mortgage tax of .25 of the loan amount on every mortgage recorded. HSOA had not previously calculated this into the pricing. Effective with locks on or after July 1, 2010 the NYS mortgage tax will be captured in the requested lock.
The NYS mortgage tax will be listed as an adjustment on the rate sheet as: New York State Mortgage Tax .25. NOTE: The Lender portion of this tax is NOT disclosed on the GFE.
Looking to grow your branch? Consider joining Home Savings
If you’re looking to affiliate your branch with a bank for greater stability and depth of services, look to Home. A federally chartered stock savings and loan association, Home Savings has been in the banking business since 1934. Even in these turbulent times, we continue to offer a variety of mortgage products and highly competitive rates, to fit most every need.
Why join HSOA?
- In house FHA, VA and conventional loans
- Broker out to several investors, rounding out a full product line
- No licensing requirement to lend in all 50 states. No current licensing requirement for your loan originators to originate loans.
- Premium pricing available
- Internal support in HR, compliance, marketing, training and sales support
- Three operations centers across the U.S. dedicated to getting your loans funded
What does HSOA look for?
Solid production, strong experience, a well thought out business plan for today’s market, several producing loan originators, and competent, trust worthy leaders who want to grow their business.
For a confidential telephone interview to explore options, 
please call one of the following:
East Coast Division, Tony Bolding, 703. 625. 1132
Central States Division, Mark Swandby, 630. 820. 5411
Northern CA, Matt Mancasola, 916. 996. 7883
Central CA, Don Magnuson, 949. 212. 5551
Southern CA, Tom Conklin, 619. 925. 6120
Talk to Us!
We’re constantly working to upgrade our customer service and turn times. If you’ve closed a loan with us recently, we’d love to hear from you! Your insightful comments will help us make further changes. You can fill out the survey by clicking on your ROC below:
San Diego
San Ramon
Charlotte, NC
