The Smarter Way to Borrowdocs.cmgfi.com/wholesale/aio/AIO Ratesheet - Wholesale.pdf · The Smarter Way to Borrow ... 70.01 ‐ 75 0.500 Cash‐Out 0.000 0 ‐ 70 0.000 Become AIO

AIO RATE SHEET

AIO CERTIFICATION

Send an email to [email protected] to discuss this option.

Learn more about the revolutionary All In One Loan!

SIMULATOR

LOCKING YOUR AIO LOAN

AIO loans that are brokered will automatically be locked. Once final PTD conditions have been submitted, your account manager will send the AIO HELOC Verification form to the LO for signature approval. The AIO HELOC Verification form will give the LO the ability to confirm the margin, loan amount, initial draw amount, closing costs, etc.

The lock will be good for the month its locked, and 10 days into the following month (Roll forward to following business day if the 10th is a weekend or holiday).

If you have a locked loan funding into the next month and the index has moved enough to increase the initial interest rate, an addendum will have to be sent to and signed by the borrowers before the loan can fund. (The closer will communicate if an addendum is needed on your file)

AIO loans for our Select Partners will also automatically be locked. Once final PTD conditions have been submitted, your account manager will send the AIO HELOC Verification form to the LO for signature approval. The AIO HELOC Verification form will give the LO the ability to confirm the margin, loan amount, initial draw amount, closing costs, etc. The lock will be good though the end of the month. For Select Partner, the AIO loan needs to lock, doc and fund in the same month. Otherwise, a re-lock will be required before docs can go out.

RESOURCES

To access the CLEAR Resource Center, please sign into CLEAR at www.cmgclear.com. Once in CLEAR, you may find the CLEAR Resources available to assist you in originating loans in CLEAR under the CLEAR How To page in the upper right hand corner.

Rate SheetWHOLESALE LENDINGNMLS# 1820 | WWW.CMGFI.COM

SUBMITSTATE FEES TAX TRANSCRIPTSAIO DELIVERY ESSENTIALS

Do Your Clients a Favor and Offer Them The Smarter Way to Borrow™

©All-In-One Loan™ and the All-In-One logo are trademarks of CMG Financial. All rights reserved. © CMG Financial, All Rights Reserved. CMG Financial is a registered trade name of CMG Mortgage, Inc., NMLS# 1820 in most, but not all states. CMG Mortgage, Inc. is an equal opportunity lender, licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act No. 4150025. To verify our complete list of state licenses, please visit www.cmgfi.com/corporate/licensing and www.nmlsconsumeraccess.org.

Set yourself apart and grow your business.Schedule time with our product specialists to begin your journey in understanding how this loan has the potential to disrupt an industry and improve the lives of millions of borrowers across the nation.

Dave HerbstVP, All In One Finance

SCHEDULE

Erin WoodAll In One Specialist

SCHEDULE

AIO BULLETIN BOARD

New Q1 AIO Training Available!

AIO TRAINING OPPORTUNITIES

“AIO Lunch and Learn” - Webinar for Clients & Referral PartnersInvite your clients and referral partners to learn how the All In One Loan helps eliminate mortgage and interest expense more rapidly while keeping equity dollars liquid, resulting in significant opportunities for borrowers to invest and save more aggressively. This program benefits everyone involved.

REGISTER

“Basics Training” - Webinar for Loan OfficersDuring this webinar you will quickly learn how the All In One Loan program works, what features it includes, who it’s right for and how to leverage the many resources available in your marketing efforts. Upon completing the basic training, you will have the opportunity to set up a 1-1 coaching call with Dave Herbst, VP, AIO Finance as well as in-market seminar support.

REGISTER

Get the Interactive Simulator on your website!Great news! CMG Financial’s All In One Loan™ Interactive Simulator can now be added to your website. The link is a non-branded version you can use on your webpage for customers to explore and navigate through the simulator while remaining on your website!

http://www.cmgfi.com/aiocertification/

https://aioloan.net/simulator/welcome?iframe=1

mailto:aio%40cmgfi.com?subject=

https://vimeopro.com/cmgfi/grow-your-business-wholesale

https://aioloan.net/simulator/welcome?iframe=1

http://www.cmgclear.com

http://www.cmgfi.com/Landing/CMG-Spring-Training-2015/mortgage-pros/

https://www.cmgclear.com/wholesale/#/

http://docs.cmgfi.com/guidelines/fee-matrix.pdf

http://www.theworknumber.com/go/

http://docs.cmgfi.com/wholesale/aio/aio-delivery-essentials.pdf

mailto:dherbst%40cmgfi.com?subject=

https://meetme.so/ErinWood

https://allinoneloan.com/webinars/aio-learn

https://allinoneloan.com/webinars/aio-tpo

http://www.cmgfi.com/Landing/CMG-Spring-Training-2015/mortgage-pros/

Rate Sheet Date

Index: 1 Mo LIBOR

75.01 ‐ 80 0.500 Cash‐Out 0.000

65.01 ‐ 75 0.000

0 ‐ 65 (0.500)

70.01 ‐ 75 0.500 Cash‐Out 0.000

0 ‐ 70 0.000

www.aioloan.net www.cmgfi.com

Become AIO Certified: AIO Certification

Page 1 of 4

43% Max LTV: 90%

Geographic Limits: Not available in TX or NY Min FICO: 700 PMI: Allowed

CeilingThe greater of index + margin +

6% or floor + 6%

Borrower Paid Single Premium Option (See PMI Matrix on pg 2)

Lender Paid Option (See PMI Matrix on pg 2)

(1.500) Floor 3.750

LTV's greater than 80%: Allowed

3.250 (0.500) Cash‐Out

3.500 (1.000) RATE CAPS Servicing: White Label

45% Max LTV: 80%

Cash‐Out 0.000

RATE CAPS DTI Exceptions: Up to 50%

2.750 0.500 Second Home 0.000

3.000 0.000 Non‐Owner Occupied

3.000 0.000 Non‐Owner Occupied Not Allowed Asset depletion: 120 months (Check Guidelines for details)

Intermediate None

Geographic Limits: Available in 9 counties in CA or borrower works for a Member Company (Check Guidelines) Min FICO: 700


6% or floor + 6%

Floor 3.750 Requires min. of $10,000 per month disposable income

Intermediate None

Not Allowed Non‐Permanent Resident Aliens: Allowed

801‐KP

1‐MONTH ADJUSTABLE BASED ON INDEX AND MARGIN FOR 360 MONTHS

ALLOWANCES

Max Loan Amount: $1,500,000 Max DTI: 43% Max LTV: 80%

Geographic Limits: Only available in: AZ, CO, FL, IA, ID, IL, IN, MI, MN, MO, NC, OR, SC, TN, WI Min FICO: 700

The interest rate charged cannot be lower than the floor

rate displayed to the right.

MARGIN PRICE PRICING ADJUSTMENTS ADDITIONAL NICHE FEATURES

2.500 1.000 Owner Occcupied 0.000 Total AIO loans per borrower: 2

Intermediate None


2.750 0.500 Second Home 0.000

Second Home 0.000


6% or floor + 6%

0.000


6% or floor + 6%

ALLOWANCES


Geographic Limits: 5% LTV Reduction in NY/NJ Min FICO:

Floor 3.750



3.750 (1.500) Floor 3.750

5% LTV Reduction in NY/NJ Min FICO: 700

ALLOWANCES


MARGIN PRICE

2.750 0.500

PRICING ADJUSTMENTS ADDITIONAL NICHE FEATURES

3.250

ALL LOANS MUST PASS STATE, FEDERAL AND FNMA HIGH COST TESTS TO BE ELIGIBLE FOR FUNDING. TERMS AND CONDITIONS APPLY. PRICING NOT REPRESENTATIVE OF GUIDELINES. RATES ARE SUBJECT TO

CHANGE WITHOUT NOTICE. THIS INFORMATION IS INTENDED FOR PROFESSIONAL OR BUSINESS USE ONLY. NOT FOR CONSUMER DISTRIBUTION.

PROGRAM INFORMATION

Max Loan Amount: $2,000,000 Max DTI:

ALLOWANCES

3.750

801‐MBI


LOANS SERVICED BY MERCHANTS BANK OF INDIANA

Max Loan Amount: $2,000,000 Max DTI:

ALLOWANCES



CMG Admin Fee* $1,095.00

NY Mtg Tax (NY Only) 0.250 to fee

Broker Processing Fee Max of $895*Fee name may change depending on property state

All In One loans can be locked once the loan is in an approved

status. Index changes on the 1st of every monthYSP is paid as broker compensation automatically. Origination may

also be charged. All loans are set up as "Borrower Paid" in CLEAR.

Max compensation may not exceed 4.000% of the initial draw

amount at closing, excluding any broker fee'sPricing is based on initial advance amount at closing

LOANS SERVICED BY KEYPOINT CREDIT UNION

PRICE PRICING ADJUSTMENTS ADDITIONAL NICHE FEATURESMARGIN

3.000 0.000 Non‐Owner Occupied Not Allowed

3.250 (0.500) Cash‐Out 0.000

3.500 (1.000) RATE CAPS

OTHER LOCK BROKER COMPENSATION

MARGIN PRICE PRICING ADJUSTMENTS

801‐NPB


LOANS SERVICED BY NORTHPOINTE BANK

(1.000) Asset depletion: 120 months (Check Guidelines for details)

ADDITIONAL NICHE FEATURES

2.500 1.000 LTV MISC. Non‐warrantable condos:

Intermediate None

2.750 0.500 Accepted on a case by case basis

3.750 (1.500)





January 2021

0.143%

The All In One Loan™ is the nation's only broadly offered off‐set mortgage product. Available for new home purchases and mortgage refinances, it provides borrowers more control of their loan's

principal balance, interest costs and pay‐off timing as well as access to their home's equity dollars without refinancing. Learn why homeowners everywhere are switching to The Smarter Way to

Borrow™.

1‐MONTH ADJUSTABLE PROGRAMS

801‐WAB (PRIMARY RESIDENCE & SECOND HOMES ONLY)



3.000 0.000 CMG Condo questionnaire required to be completed

3.250 (0.500)

801‐WAB‐NOO (INVESTMENT PROPERTIES ONLY) ‐ FOR APPLICATIONS DATED PRIOR TO 8/24 USE PRODUCT CODE 801‐WAB FOR NOO TRANSACTIONS


RATE CAPS

Total AIO loans per borrower: 2

3.500

Geographic Limits:


(0.500) LTV MISC. Non‐warrantable condos:

3.500 (1.000) Accepted on a case by case basis

3.750 (1.500) CMG Condo questionnaire required to be completed

720 Max cash‐out on N/O/O: $250,000

4.000 (1.750) Total AIO loans per borrower: 1

Intermediate None


rate displayed to the right. Ceiling

The greater of index + margin +

6% or floor + 6%

RATE CAPS

Asset depletion: 120 months (Check Guidelines for details)Floor 4.750

RATE SHEETW H O L E S A L E

Rate Sheet Date

Index: 1 Mo LIBOR

INTRO RATE MARGIN

3.750 3.250

3.750 3.500 75.01 ‐ 80 0.500 Cash‐Out 0.000

3.750 3.750 65.01 ‐ 75 0.000

0 ‐ 65 (0.500)

INTRO RATE MARGIN

4.750 3.750

70.01 ‐ 75 0.500 Cash‐Out 0.000

0 ‐ 70 0.000

INTRO RATE MARGIN

3.750 3.000

3.750 3.250

FICO 760+ FICO 740‐759 FICO 720‐739

6% 0.625 0.690 0.740

12% 1.250 1.580 1.910

FICO 760+ FICO 740‐759 FICO 720‐739

6% 0.630 0.690 0.740

12% 1.250 1.580 1.910



LENDER PAID OPTION (LPMI Adjustments are based off the Line Amount)

LTV COVERAGE %PRICING ADJUSTMENTS

85.01‐90%

ARCH MI

ELIGIBLE PROGRAMS:Program Code Minimum FICO Required

801‐MBI 760

801‐MBI‐5FIX 740

Page 2 of 4



PMI MATRIX ‐ UPFRONT PREMIUM OPTIONS ONLY (No Monthly)

MORTGAGE INSURANCE

ELIGIBLE PROGRAMS:

PROGRAM INFORMATION

80.01‐85%

801‐MBI 720

801‐MBI‐5FIX 720

Program Code Minimum FICO Required


Lender Paid Option (See PMI Matrix)

ALLOWANCES


Intermediate Month 61: 2%, Month 62: 2% LTV's greater than 80%: Allowed


6% or floor + 6%

Borrower Paid Single Premium Option (See PMI Matrix)

RATE CAPS Servicing: White Label

Floor 3.750

Non‐Owner Occupied Not Allowed Asset depletion: 120 months (Check Guidelines for details)

Cash‐Out 0.000

(0.500) Second Home 0.000

801‐MBI‐5FIX

5‐YEAR FIXED AT FULLY INDEXED RATE BASED ON INDEX AND MARGIN, THEN FULLY ADJUSTABLE BASED ON INDEX AND MARGIN FOR REMAINING 300 MONTHS


PRICE PRICING ADJUSTMENTS ADDITIONAL NICHE FEATURES

Geographic Limits: 5% LTV Reduction in NY/NJ Min FICO: 700 Max cash‐out on N/O/O: N/A

ALLOWANCES

0.500 Owner Occcupied 0.000 Total AIO loans per borrower: 2


801‐WAB‐3FIX‐NOO (INVESTMENT PROPERTIES ONLY) ‐ FOR APPLICATIONS DATED PRIOR TO 8/24 USE PRODUCT CODE 801‐WAB FOR NOO TRANSACTIONS

3‐YEAR FIXED WITH INTRODUCTORY RATE, THEN 1‐MONTH ADJUSTABLE BASED ON INDEX AND MARGIN FOR REMAINING 324 MONTHS



(0.500)

Non‐warrantable condos:

Floor 3.750


6% or floor + 6%

None

Asset depletion: 120 months (Check Guidelines for details)

RATE CAPS Total AIO loans per borrower: 2

Intermediate



Broker Processing Fee Max of $895*Fee name may change depending on property state


status. Index changes on the 1st of every monthYSP is paid as broker compensation automatically. Origination may

also be charged. All loans are set up as "Borrower Paid" in CLEAR.

Max compensation may not exceed 4.000% of the initial draw

amount at closing, excluding any broker fee'sPricing is based on initial advance amount at closing

January 2021

0.143%



Borrow™.

3 AND 5‐YEAR FIXED PROGRAMS

801‐WAB‐3FIX (PRIMARY RESIDENCE & SECOND HOMES ONLY)


OTHER LOCK BROKER COMPENSATION

0.500

LTV MISC.

Accepted on a case by case basis

0.000 CMG Condo questionnaire required to be completed



1.000

BORROWER PAID SINGLE PREMIUM


80.01‐85%

85.01‐90%


Online pricing portal: https://ratestar.archmi.com/quote/#/?provider=CMG

MGIC


801‐MBI 720

801‐MBI‐5FIX 720

LTV MISC. Non‐warrantable condos:


CMG Condo questionnaire required to be completed

RATE CAPS

Total AIO loans per borrower: 1Floor 4.750

Asset depletion: 120 months (Check Guidelines for details)Intermediate None

Geographic Limits: 5% LTV Reduction in NY/NJ Min FICO: 720 Max cash‐out on N/O/O: $250,000


6% or floor + 6%

ALLOWANCES


RATE SHEETW H O L E S A L E

Rate Sheet Date

Index: 1 Mo LIBOR

75.01 ‐ 80 ‐0.500 Cash‐Out 0.000

65.01 ‐ 75 0.000

0 ‐ 65 0.500

70.01 ‐ 75 ‐0.500 Cash‐Out 0.000

0 ‐ 70 0.000





PROGRAM INFORMATIONOTHER LOCK SELLER COMPENSATION



Seller Processing Fee Max of $895*Fee name may change depending on property state


status. Index changes on the 1st of every month

Seller Compensation is defined as the combination of any of the below described fees paid to the Seller:

1. Service Release Premium (SRP) paid to Seller by CMG

2. Origination fee paid to Seller by Borrower

3. Discount Fee (for rate selection) paid to Seller by Borrower

Total Seller compensation may not exceed 4.000% of the initial advanced portion of the line of credit at closing.Pricing is based on initial advance amount at closing


ALLOWANCES


Intermediate None LTV's greater than 80%: Allowed




6% or floor + 6%

Borrower Paid Single Premium Option (See PMI Matrix on pg 2)

Lender Paid Option (See PMI Matrix on pg 2)

3.500 101.000 RATE CAPS Servicing: White Label

3.750 101.500 Floor 3.750

3.000 100.000 Non‐Owner Occupied Not Allowed Asset depletion: 120 months (Check Guidelines for details)

3.250 100.500 Cash‐Out 0.000


2.750 99.500 Second Home 0.000

801‐MBI









6% or floor + 6%

ALLOWANCES

Floor 4.750 Asset depletion: 120 months (Check Guidelines for details)

Intermediate None


4.000 101.750 RATE CAPS Total AIO loans per borrower: 1



801‐WAB‐NOO (INVESTMENT PROPERTIES ONLY) ‐ FOR APPLICATIONS DATED PRIOR TO 8/24 USE PRODUCT CODE 801‐WAB FOR NOO TRANSACTIONS




Geographic Limits: 5% LTV Reduction in NY/NJ Min FICO: 700

ALLOWANCES


Intermediate None




6% or floor + 6%

3.500 101.000 RATE CAPS Asset depletion: 120 months (Check Guidelines for details)

3.750 101.500 Floor 3.750


3.250 100.500 Total AIO loans per borrower: 2






January 2021

0.143%Page 3 of 4



Borrow™.

1‐MONTH ADJUSTABLE PROGRAMS

801‐WAB (PRIMARY RESIDENCE & SECOND HOMES ONLY)

RATE SHEETS E L E C T P A R T N E RNON-DELEGATED CORRESPONDENT

Rate Sheet Date

Index: 1 Mo LIBOR

INTRO RATE MARGIN

3.750 3.250

3.750 3.500 75.01 ‐ 80 ‐0.500 Cash‐Out 0.000

3.750 3.750 65.01 ‐ 75 0.000

0 ‐ 65 0.500

INTRO RATE MARGIN

4.750 3.750

70.01 ‐ 75 ‐0.500 Cash‐Out 0.000

0 ‐ 70 0.000

INTRO RATE MARGIN

3.750 3.000

3.750 3.250

FICO 760+ FICO 740‐759 FICO 720‐739

6% ‐0.625 ‐0.690 ‐0.740

12% ‐1.250 ‐1.580 ‐1.910

FICO 760+ FICO 740‐759 FICO 720‐739

6% ‐0.630 ‐0.690 ‐0.740

12% ‐1.250 ‐1.580 ‐1.910





PROGRAM INFORMATIONOTHER LOCK SELLER COMPENSATION



Seller Processing Fee Max of $895*Fee name may change depending on property state


status. Index changes on the 1st of every month

Seller Compensation is defined as the combination of any of the below described fees paid to the Seller:

1. Service Release Premium (SRP) paid to Seller by CMG

2. Origination fee paid to Seller by Borrower

3. Discount Fee (for rate selection) paid to Seller by Borrower

Total Seller compensation may not exceed 4.000% of the initial advanced portion of the line of credit at closing.Pricing is based on initial advance amount at closing



80.01‐85%

85.01‐90%


801‐MBI 720

801‐MBI‐5FIX 720


Online pricing portal: https://ratestar.archmi.com/quote/#/?provider=CMG

MGIC

85.01‐90%

ARCH MI


801‐MBI 760

801‐MBI‐5FIX 740

LENDER PAID OPTION (LPMI Adjustments are based off the Line Amount)


80.01‐85%

PMI MATRIX ‐ UPFRONT PREMIUM OPTIONS ONLY (No Monthly)

MORTGAGE INSURANCE


801‐MBI 720

801‐MBI‐5FIX 720


ALLOWANCES


Intermediate Month 61: 2%, Month 62: 2% LTV's greater than 80%: Allowed


6% or floor + 6%

Borrower Paid Single Premium Option (See PMI Matrix)

Lender Paid Option (See PMI Matrix)

RATE CAPS Servicing: White Label

Floor 3.750

Non‐Owner Occupied Not Allowed Asset depletion: 120 months (Check Guidelines for details)

Cash‐Out 0.000

99.500 Owner Occcupied 0.000 Total AIO loans per borrower: 2

100.500 Second Home 0.000

801‐MBI‐5FIX

5‐YEAR FIXED AT FULLY INDEXED RATE BASED ON INDEX AND MARGIN, THEN FULLY ADJUSTABLE BASED ON INDEX AND MARGIN FOR REMAINING 300 MONTHS




ALLOWANCES


Intermediate None


6% or floor + 6%

CMG Condo questionnaire required to be completed

RATE CAPS Total AIO loans per borrower: 1

Floor 4.750 Asset depletion: 120 months (Check Guidelines for details)

100.500 LTV MISC. Non‐warrantable condos:


801‐WAB‐3FIX‐NOO (INVESTMENT PROPERTIES ONLY) ‐ FOR APPLICATIONS DATED PRIOR TO 8/24 USE PRODUCT CODE 801‐WAB FOR NOO TRANSACTIONS




Geographic Limits: 5% LTV Reduction in NY/NJ Min FICO: 700 Max cash‐out on N/O/O: N/A

ALLOWANCES


Intermediate None


6% or floor + 6%

99.000 LTV MISC. Non‐warrantable condos:

RATE CAPS Asset depletion: 120 months (Check Guidelines for details)

Floor 3.750

99.500 Accepted on a case by case basis

100.000 CMG Condo questionnaire required to be completed

Total AIO loans per borrower: 2

January 2021

0.143%Page 4 of 4



Borrow™.

3 AND 5‐YEAR FIXED PROGRAMS

801‐WAB‐3FIX (PRIMARY RESIDENCE & SECOND HOMES ONLY)




RATE SHEETS E L E C T P A R T N E RNON-DELEGATED CORRESPONDENT

Documents

The Smarter Way to Borrowdocs.cmgfi.com/wholesale/aio/AIO Ratesheet - Wholesale.pdf · The Smarter Way to Borrow ... 70.01 ‐ 75 0.500 Cash‐Out 0.000 0 ‐ 70 0.000 Become AIO