Unlocking July Savings: Foundation Mortgage’s Incentives for Brokers

Foundation Mortgage Launches Exciting July Pricing Incentives for Brokers

Foundation Mortgage, a rising player in the mortgage lending arena, recently introduced its "Stars, Stripes & Submissions Broker Challenge"—a unique pricing incentive geared towards brokers who financed nonqualified mortgages (non-QMs) in June. This initiative, effective throughout the month of July, is designed to reward contributors for their hard work and achievements in the previous month.

Understanding the Pricing Incentives

Eligible brokers can reap substantial benefits from this incentive program, which offers tiered pricing credits based on the funded volume of loans. The breakdown of these incentives is straightforward:

• 12.5 basis points for $250,000 to $399,000 in funded volume.
• 25 basis points for $400,000 to $749,000 in volume.
• 37.5 basis points for $750,000 or more in funded volume.

Moreover, brokers who handled bank-statement loans below $750,000 will see an additional 12.5 bps discount, further encouraging them to participate in this unique opportunity.

Why This Promotion Matters to Brokers

This initiative not only provides brokers with financial incentives; it also strengthens their position in a competitive market. Marc Halpern, CEO of Foundation Mortgage, emphasized that the program aims to translate momentum into measurable value for brokers. He stated, "We wanted to recognize our brokers not just with recognition, but with real value." This perspective emphasizes the importance of not just achieving high numbers, but also feeling valued and supported within the business ecosystem.

The Broader Context: Non-QM Loans

The significance of non-QM loans has surged as they cater to unique borrowing situations that traditional loans may overlook, such as those with irregular income or credit challenges. With Foundation Mortgage focusing on a range of non-QM products—including debt-service-coverage ratio (DSCR), bank-statement, asset utilization, ITIN, 1099, and foreign national loans—this strategic approach solidifies their role in diversifying lending options for brokers.

Looking Ahead: What This Means for the Future

2025 has indicated promising trends in the mortgage market, evidenced by Foundation's proactive promotion. As the landscape evolves, it's crucial for brokers to stay ahead of market changes alongside lenders. This promotion is not only an incentive for the moment but also a call to action for brokers to enhance their contributions in future dealings with Foundation Mortgage. Such partnerships can build lasting success that benefits everyone involved.

Key Takeaways for Real Estate Agents

For real estate agents, understanding these mortgage incentives can play a pivotal role in guiding clients effectively. As financing options expand, the ability to recommend competitive non-QM lending can provide clients greater flexibility, navigating their unique financial realities. Staying in touch with lenders like Foundation Mortgage could also equip agents with the insights needed to maximize their clients' satisfaction.

As the mortgage realm continues to shift, taking advantage of programs like Foundation Mortgage's July pricing incentives not only enhances business but can also establish long-standing client relationships based on trust and informed decision-making.

In conclusion, engaging with lenders and leveraging their incentives is a wise strategy for any real estate agent aiming to elevate their business model and better serve their clientele. Keep an ear to the ground for similar promotions that can provide added value in your negotiations.