In order to submit both Agency (FNMA/FHLMC) and All Occupancy Portfolio Program loan submissions to Emigrant Mortgage Company, Inc. (Emigrant) an application for Broker Approval is completed by the Broker and submitted to Emigrant with the following documentation:
Emigrant also has an approval process for NY Real Estate Brokers that are not NMLS licensed. This approval level allows NY Real Estate Brokers to submit loans under Emigrant's Portfolio Investment Program and CashFlow Program ONLY. Emigrant's CashFlow program finances transactions for business purpose Investment (non-owner occupied) properties utilizing the Rental Income in the qualification analysis of the mortgage.
In order to become an approved CashFlow / Portfolio Investment Broker under the BrokerDirect® program, you must send the following documents as outlined below:
NOTE: if you are approved as a CashFlow/Portfolio Investment Broker and you upload a transaction that is NOT CashFlow or Portfolio Investment the submission will be rejected.
If your application to become a member of our BrokerDirect® Program is approved, you will receive: