In these unprecedented times, we’re here to help.
Due to recent market conditions we are experiencing an influx of mortgage applications. We know that you and your mortgage clients are eager to clear underwriting and receive approvals. Rest assured, we’ve added resources and are working around the clock to meet your needs.
Important updates on loan turn times and new partner referrals.
Turn Time Expectations
We value our partnership.
Due to the influx in volume, our turn times continue to change. We are pleased to announce a reduction in turn times for all new applications received after 8/10/2020. We will continue to process all existing applications as quickly as possible.
Please note, these are approximate turn-times and are subject to change at any time. If you are looking to close in less than 45 days for a simultaneous transaction or 60 days for a standalone, please be aware that we will not be able to accommodate any rush requests at this time.
Please make sure that rate locks, mortgage contingencies and/or closing dates are extended to adhere to our turn times. We are working hard and continuing to staff up the department and hope to be back to “normal” turn times soon.
We do appreciate your patience and your business.
Please see below timeline for all transactions:
• 45 days to close- Simultaneous Transactions once we have a complete submission (start to finish)
• 60 days to close- Standalone Transactions once we have a complete submission (start to finish)
New Partner Referrals
Your business is important to us.
Due to the high volume, we are holding off on new partner referrals until we are ready to resume business as usual. Please fill out the fields below and we will reach out to you shortly.
Exclusive Advantages
Clear financial hurdles with a Quorum HELOC.
Benefit from additional financing options that can help clients avoid PMI, jumbo financing, cash shortfalls and down-payment deficits. Even with a 5% down payment, a Quorum HELOC offers more.
• Up to 95% CLTV
• Financing up to $500,000
• 680 credit score
• Realistic credit requirements
Quick Insight
Easy 24-hour
pre-screenings.
Fast Resolution
Accelerated closings.
More Availability
Get answers 24/7,
365 days/year.
More Experience
Over a decade
of success.
Working with Quorum is simple, fast and easy.
Account Executives are empowered to get your loan approved.
- No broker agreement
- No sign-up fee
- No cross/upsell
- Common-sense underwriting
- Available in 49 states
- Loans for purchase, refi and stand-alone HELOC
We help you make every mortgage work.
Not every mortgage customer is a cookie-cutter client. They may need a higher CLTV. They may need an immediate answer. A Quorum HELOC helps you close more deals—faster—without ridiculous amounts of paperwork.
Interest Only HELOC
Rate Matrix and Program Guidelines
Investment Property HELOC
Rate Matrix and Program Guidelines
Bridge Loan HELOC
Rate Matrix and Program Guidelines
Five ways you can help borrowers qualify for more. Learn more.
A painless process makes you more money in less time.
-
Save approval time with quick pre-screening—get a fast “go/no-go” answer.
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Your pre-screening data feeds into full app with full client approval in just three days.
-
We handle all borrower disclosures.
See how the deals got done.
Join thousands of Loan Officers who have trusted Quorum to provide their clients with second mortgage financing.
From start to finish they got me the loan in less than 2 weeks. My client was ecstatic and so were all the realtors involved. Thank you, thank you.
This place is very reasonable in their underwriting and a joy to work with.
Our Rep responds to our many questions in minutes, not hours. I strongly encourage you to use Quorum. Your customers will thank you.
Resources
Customizable Marketing Assets
95% CLTV Custom Flyer
Download →
Investment Property Flyer
Coming soon
Jumbo Mortgage Flyer
Coming soon
Insights and Tips
The smart alternative to a Jumbo Mortgage.
Read more →
Documents and Forms
Loan Submission Form
Download
Pre-screen Submission Request
Download
HELOC Acknowledgement Form
Download
Subordination Checklist
Download
Subordination Agreement Instructions
Download
Subordination Agreement Template
Download
Contact Us
Contact an Account Executive
Vincent Buongiovanni
Email Vincent
516.503.1458
NMLS #406285
Edward Burt
Email Edward
914.641.3735
NMLS #1771123
Lorena Petraglia
Email Lorena
914.641.3747
NMLS #1685357
Brock McCoy
Email Brock
914-641-3809
NMLS #455725
Angie McAllister
Email Angie
914-641-3764
NMLS #1119409
Angela Prospero
Email Angela
914.641.3766
NMLS #686430
Eli Shereshovech III
Email Eli
847.489.5626
NMLS #251321
Anthony Cutrone
Email Anthony
914.641.3838
NMLS #7321
Mark Panella
Email Mark
914.641.3782
NMLS #1450001
Or, tell us how to contact you
Banking That's Good. For You.™
Quorum Federal Credit Union is a leader in innovative mortgage credit solutions. For more than a decade, our alternative lending products have helped our clients grow their businesses and create win/win situations for borrowers and originators. To learn about how we serve our members visit quorumfcu.org.
© 2020 Quorum Federal Credit Union. Serving members since 1934.