Tools and Resources
NQM Funding, LLC offers a wide range of free tools and resources to help you provide a truly seamless borrowing experience for all of your clients. Explore a variety of calculators, forms and requirements that can save you time, allowing you to focus on building relationships and delivering top-quality customer service.
Calculators
1099 Income Calculator
Reports a buyer’s income as a means of securing a Non-QM loan, which can be helpful in the event that they cannot verify their income via tax returns.
2-1 Buydown Calculator
Calculates a borrower’s interest rate for the first two years of loan payment on a 2-1 buydown option.
Asset Utilization Calculator
Calculates how effectively and efficiently an organization uses its assets to bring in revenue and cut back costs.
Bank Statement Calculator
Determines a borrower’s monthly income and maximum home price, loan amount, and estimated closing costs based on provided bank statements.
DSCR Calculator
Measures whether a borrower’s cash flow is sufficient enough to generate an adequate return on their investment.
Profit and Loss Calculator
Demonstrates a borrower’s fiscal ability to make loan payments through the strength and viability of the borrower’s business.
Forms
Appraisal Transfer Form
Outlines the appraisal transfer requirements and documentation needed for completion and provides a form authorizing the transfer of an appraisal.
Business Narrative Form
Outlines the details of a borrower’s business. This must be completed in order to receive a bank statement analysis prior to submission.
Condo Questionnaire
Provides proof that a condominium unit and the development are in compliance with underwriting requirements.
Exception Request Form
Provides context for suboptimal borrowing situations. Must be submitted when a borrower does not meet a lender’s funding requirements..
Submission Checklist
Helps you keep track of client forms and documents required for submission so you can ensure a timely closing.
Policies
Appraisal Policy
Outlines the appraisal transfer requirements and documentation needed for completion and provides a form authorizing the transfer of an appraisal.
Wholesale Lock In Policy
Locks in a borrower’s lending rate so that it does not change between the time of the initial offer and closing.
Correspondent Lock In Policy
Locks in a borrower’s lending rate so that it does not change between the time of the initial offer and closing.
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