NMSI Group

Summary of all Guidelines
Loan Types	Bridge Loan, Hard Money Loan, Second Mortgage
Property Types	2-4 Units, SFR
Lendding Area	arizona, arkansas, california, colorado, connecticut, delaware, florida, georgia, hawaii, maryland, mississippi, nevada, new-jersey, north-carolina, oregon, rhode-island, south-carolina, tennessee, utah, washington
Loan amount Minimum	$75,000
Loan amount Maximum	$3,000,000
Interest Rate Minimum	3 or less%
Interest Rate Maximum	8%
Points Maximum 1st TD	3
Terms	1 year, 6 years, 10 years, 20 year, 30 yrs
Interest Only or Amortized	Interest Only, Amoritzed
Prepayment Penalty	None
LTV Bridge	60
Upfront Fees	Processing
Special Features	Bank Statement Program Self Employed, Hairy Deals, Non-prime, Non-Prime Consumer, OO Stated Income
Consumer Purpose Occupancy Types - 1st Mortgages	Yes
NMLS ID	886336

Welcome To NMSI

NMSI, Inc. was originally founded in 2008 as National Mortgage Service Incorporated, as a Mortgage Lender. Our company continues to strive to offer our clients diverse loan product lines, competitive interest rates and flexible underwriting.

Our success over the years is attributed to our customers and to three important values:

Company-wide synergy-management that emphasizes cooperation and teamwork rather than hierarchy; a commitment to delivering outstanding service and highly competitive pricing on all our programs and products.

NMSI, Inc.'s Mission Statement:

To be an industry leader in the mortgage lending markets by offering competitive pricing, excellent customer service and flexible underwriting to our clients. Provide the resources that will provide our customers the opportunity to expand their individual business within diverse & ethnic communities both locally & globally. Encourage and increase homeownership for all peoples throughout the nation through our network of licensed mortgage professionals.

Fair Lending Best Practices:

NMSI, Inc. has always believed in fair practice within the mortgage industry community. From our inception in 2008, the diverse company make-up has been a reflection of the communities with which we serve. Our commitment is to make homeownership a reality for all of our borrowers regardless of race, color, creed, sex, sexual orientation, disability, national or ethnic origin, marital, military or familial status, religion or age (as long as the applicant is of legal age to enter into a binding contract). NMSI's commitment to fairness and equal opportunity is clear and unequivocal.

NMSI, Inc. is a responsible lender that complies with all mortgage-lending laws.

These include but not limited to the Equal Credit Opportunity Act, the Fair Housing Act, the Truth-in-Lending Act, the Fair Credit Reporting Act and the Real Estate Settlement Procedures Act in addition to the various individual state statues that govern mortgage lending practices.

Strong consumer protections are the cornerstone to prevent misconduct in mortgage lending.

Underwriting Philosophy:

NMSI offers a wide variety of lending programs under its Fixed Rate, No Negative Amortization ARM products. DO, DU & LP Automated Underwriting Systems are used to evaluate and provide underwriting decisions for Full document loans up to $2,000,000 on Fixed Rate and ARM products.

For loans that are manually underwritten; loans that receive DU Refer/Eligible, or LP Caution/Eligible decisions and loan requests that require exceptions to NMSI's lending policies, all the risk factors inherent will be evaluated. The final credit decision will take into consideration the individual transaction characteristics; borrower profiles, level of documentation provided and the collateral characteristics. Because each loan is different and Underwriting is an Art not a science, NMSI expects and encourages its customers to use professional judgment in making lending decisions.

NMSI underwrites the property offered to secure an applicant's loan based on property type, occupancy status, and the appraised fair market value. An appraisal review may be requested based on the loan to value and compareables offered.

NMSI Group is located in Los Angeles, CA. They offer financing for Bridge Loans, Hard Money Loans and Second Mortgages. The property type they primarily lend against is 2-4 Units and SFR. Their minimum loan amount is $75,000. Their maximum loan amount is $3,000,000. They offer loans for a minimum Term of 6-10 years. Maximum duration of 1 year;6 years;10 years;20 year;30 yrs. Although rates can change they are typically lending at a minimum rate of 3 or less%. Maximum interest rate of 8%. Points charged are deal specific, but historically have charged a minimum of 0. Maximum points charged are 3.

These descriptions are limited information and meant for general reference purposes.