Broker Opportunities for USDA Guaranteed Rural Development Loans

Broker Opportunities We at Rocky Mountain Mortgage Specialists are pleased to underwrite and fund loans for approved brokers. Getting approved and set up to participate in our program is relatively simple. To start the approval process, download the Broker Loan Purchase Agreement. Rewarding Income The interest rate and fees are set by our brokers within the allowances given by USDA. In addition, we pay yield-spread premiums. To receive pricing sheets daily, subscribe by email. Quick Turn Time In most cases, we fund USDA loans within five to six business days from having complete files. Once we underwrite a loan, our package goes to USDA for a compliance review and the issuance of a loan guarantee. We take 24 to 48 hours for underwriting, and USDA usually takes 24 to 48 for their review. We then proceed to closing. Ease We make the process of originating USDA loans easy for our brokers because we have:
	Identified the relevant information resources Obtained the necessary forms and documents Learned the underwriting guidelines (the 1980-D Instruction and dozens of Administrative Notices) Developed an understanding of how those guidelines are interpreted and applied in practice Established a working relationship with USDA administrators and field staff at the national, state, and local levels
Our brokers have access to the knowledge and experience we have gained over the years and benefit from our guidance for smooth and profitable transactions. Wholesale Funding Information and Forms For information and forms regarding the USDA Wholesale Funding Program at Rocky Mountain Mortgage Specialists visit our Wholesale Funding Reference site. > Return to top

Rocky Mountain Mortgage Specialists, Inc.