You may also want to review our Frequently Asked Question lists for:
- How do I become an approved correspondent lender to sell loans to ALLIED?
- Will I be able to participate in all of the various ALLIED loan programs?
- Will I have to submit my conventional loans with LTV's over 80% to a private mortgage insurance company for approval?
- What steps do I need to complete in order to sell RD (fka FmHA) loans to ALLIED?
- What steps do I need to complete in order to sell FHA loans to ALLIED?
- What is needed to sell VA loans to ALLIED?
How do I become an approved correspondent lender to sell loans to ALLIED?
Contact ALLIED's Correspondent Lending Department by email at sholmes@agmc.com or by telephone at 1-800-356-3442, Extension 7112 to request an application package which contains the requirements needed to be submitted for review.
Will I be able to participate in all of the various ALLIED loan programs?
Most programs are available to correspondent lenders. However, some programs are limited by geographic area or other restrictions. Correspondent lenders must be approved by agencies (FHA, VA, etc.) when applicable.
No, ALLIED is a delegated underwriter for the private mortgage insurance companies. We can underwrite your loans on behalf of these companies, eliminating the need for you to submit the loans yourself.
What steps do I need to complete in order to sell RD (fka FmHA) loans to ALLIED?
You need to call your local RD office to apply for approval as an RD lender. They will provide you with a manual which details the program requirements and guidelines. ALLIED underwrites RD loans to FNMA guidelines.
What steps do I need to complete in order to sell FHA loans to ALLIED?
You must be an approved FHA Mortgagee. ALLIED can assist your firm in obtaining approval under FHA's loan correspondent program.
ALLIED can underwrite your FHA loans through FHA's Sponsor/Loan
Correspondent program. To participate in this FHA program, contact
the FHA Lender Approval Office in Washington at (202) 708-1824 or write:
Department of Housing and Urban Development
Lender Approval & Re-Certification
451 7th Street, SW
Room B133-P3214
Washington, DC 20410
HUD will assist you with any questions regarding the program.
What is needed to sell VA loans to ALLIED?
You must be an approved VA lender.
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