Forward Lending - Wholesale Lending for Mortgage Brokers

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Lock Desk Schedule, April 15th

Lock Desk will be open for normal business hours on Friday, April 15th.  No rate sheet issued, and no new locks. Extensions/updates may be processed.

American National Standards Institute Appraisal Standard

Announcement Photo

FNMA Loans will Require ANSI Appraisal Standard April 1, 2022 FWD will require all AMC’s completing FNMA appraisals use Square Footage-Method for Calculating: ANSI® Z765-2021 (American National Standards Institute®) Measuring Standard for measuring, calculating, and reporting gross living area (GLA) and non-GLA areas of subject properties for appraisals requiring interior and exterior inspections with effective […]

Matrix PPP Restrictions

Important Announcement

Matrix Pre-Payment Penalty Restrictions   Please check out our Matrix Pre-Payment Penalty Restrictions with our Business Purpose Loans for more information regarding restrictions and terms. Located in our Resources, Non-QM Forms Page.  Click here to view.

Conventional Desktop Appraisal Update

Important Announcement

On March 6, 2022, Freddie Mac introduced a desktop appraisal option in lieu of an interior and exterior inspection appraisals for certain purchase transactions that meet certain eligibility requirements.  At this time Forward Lending has not released this option. Please share with your teams that the desktop appraisal is not accepted and that we still […]

LLPA Announcement

Important Announcement

We’re making it easier! Last day to Lock with Current LLPAs is Tuesday, March 1st (max 15-day lock) Forward Lending will release an updated rate sheet with new LLPAs for FNMA/FHLMC High Balance and Second Home loan programs Wednesday, March 2nd, 2022. The last day to lock with current LLPAs is Tuesday, March 1st, 2022. […]

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