TPO Offers the FHA 203(h) Product
On Q FInancial, Inc’s TPO Division Offers the FHA 203(h) product for borrowers that were victims of a Presidentially Decliared Major Disaster Area
TPO – FEMA – Disaster Area List Update
Effective January 8, 2023 REVISED January 17, 2023 There were multiple events over the past couple of weeks which caused […]
On Q Financial, Inc – EFFECTIVE JANUARY 19, 2023 – Collateral, Trailing Documents, and Payment Delivery Address Change
Effective January 19, 2023 This notice is to advise that On Q Financial, Inc.’s Collateral Delivery, Trailing Documents, Servicing and […]
TPO – CREDIT POLICY – Revised Overlays/Selling Guide Update
Effective Immediately On Q Financial has updated our overlays to add, remove and clarify certain scenarios. Below is an overview […]
Trade Desk (Delegated) – Government Temporary Interest Rate Buydowns – SUSPENDED
December 12, 2022 On Q Financial is temporarily suspending Government Temporary Buydowns via the On Q Financial Mandatory Trade Desk, […]
TPO – 2023 Conforming Loan Limits – REVISED
November 29, 2022 (Revised December 6, 2022) The Federal Housing Finance Agency (FHFA) today announced the conforming loan limits (CLLs) […]
DELEGATED – Credit Policy – Undisclosed Debt/Debt Monitoring
Please be advised that effective 01/03/2023, On Q Financial, Inc will require that all Delegated (CONVENTIONAL ONLY) loan submissions include […]
NON-DELEGATED – Credit Policy 11.17.22 – UDM/Debt Monitoring
Please be advised that effective 12/01/2022, On Q Financial, Inc will order UDM (Undisclosed Debt Monitoring) on all Non-Delegated transactions […]
DELEGATED – CREDIT POLICY – Fraud Search
November 16, 2022 Please be advised that effective 12/01/2022, On Q Financial, Inc will require that all Delegated loan submissions […]
TPO – CREDIT POLICY – 11.15.22 – USDA Form Update
November 15, 2022 On August 30th, USDA introduced new forms RD 3555-11, 3555-17, 3555-18 & 3555-21. On November 30th, the […]
TPO – FEMA – Hurricane Nicole – Revised
November 15, 2022 With the passing of Hurricane Nicole, counties on the disaster list have been updated. Currently only one […]