Loan Factory Direct - Rocket

Address: 2195 Tully Road, San Jose, CA 95122

https://www.LoanFactory.com/

Internal Reviews

(0 reviews)

Total loans closed with Loan Factory
809

Total loans closed with Loan Factory (past 12 months)
365

Lender overview

Basic information

QM Program

VA IRRRL

Loss Payee

Loan Factory, Inc. Its Successors And/or Assigns 2195 Tully Road, San Jose, CA 95122

CPL or Subordinate Clause

LOAN FACTORY, INC. ISAOA 2195 TULLY RD SAN JOSE, CA 95122-1346

Lock policies & Fees

Lock Policies

Lock extension

Rocket offers a 5 day free extension that can be taken within 5 days of lock expiring. Loan must be funded and the signed package uploaded by lock expiration. Delays in purchasing may incur extension fees; however, we have up to 15 padlock extension days to use as needed, so less of but still a concern.

Relock

N/A

Lock & Shop

Yes

Lender's niche & Overlays

Lender's Niche

Rocket has super easy UW as we UW to the DU/LP findings.

Speed to Close - 15 days or less to close a loan

Able to talk with a UW at anytime

Scenario Hotline

Dedicated Team of AE, UW and Closers

Apostilles are disallowed at closing

Lender's overlays

None

Lender turn time

Initial underwrite (days)

CTC conditions review (days)

Initial CD (days)

Review - Loan Factory Direct - Rocket

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