Skip to content

Underwriting Updates

Pineapple works with over 40 lenders plus the big banks. Get lender updates, rate announcements, and more from our dedicated Underwriting Department.

Pineapple Rate Sheet

Click here to access the current rates.

Policy Updates

Strive Capital

Please complete the link below to receive communication from our head office.  We want to provide a consistent message to all partners, including rate sheets, product updates, contests etc….   

These emails will not be coming daily; however, they will be providing updates to our growing business.  Please take a moment to complete the template.

Promos

RFA

Good morning Pineapple Team, 

$500 total prize for your team, today only. 

Submit any one of the following types of deals today and get a $100 Home Depot Gift Card for your client after RFA funds your deal!   Limited to 5 gift certificates,  First 5 commitments will get the $100 prize per deal.

  1. Any 60 day Quick Close Promo (insured or insurable) deals.
  • See below for details.
  1. Any ARM deal.

All 5 year term deals pay 115bps + 10bps Efficiency Bonus

No appraisal needed on most insurable deals (80%LTV or less) with our free AVM system.

60 Day Quick Close Promo Preferred rates:

5 Year fixed

  • 3.74%         Insured  

Insurable: No insurance premium on insurable deals, .(ie., 80%LTV or less).

  • No appraisal on most insurable deals with our free AVM
  • 3.74%            65%LV or less
  • 3.89%            65.01%-70%LV   
  • 4.04%            70.01%-80%LV
  • Purchases, collateral transfers or switches (new deals only)
  • Must fund within 60 days
  • Owner Occupied & Second Homes
  • Verifiable income only
  • Not available on Frontline Program
  • See attached rate sheet for rates closing later than 60 days (rate hold up to 120 days).

ARM  (Purchases, Collateral Transfers and Switches) – 120 day rate hold.

  • 2.20% (P-1.00%) – 5 year ARM – insured.
  • 2.20% (P-1.00%) – 5 year ARM – 65% LTV or less.
  • 2.40% (P-0.80%) – 5 year ARM – 65.01% – 70% LTV.
  • 2.60% (P-0.60%) – 5 year ARM – 70.01%-80% LTV.

Hi team,  

We’ve lowered our refinance / uninsurable rate to 4.09% for your clients.

Added BFS income-qualified clients too!

Refinance or Purchases (Uninsurable Plus deals) – 120-day rate hold.

  • 4.09% – 5-year fixed.

Refinances  – 720 minimum beacon for primary borrower and 640 for secondary.

Purchases – 650 minimum beacon for all borrowers.

  • 39/44 maximum ratios & 30 year am.
  • Income qualified clients, includes BFS.
  • Owner-occupied only and rental suite and can included.
  • Sliding scale may apply.
  • Major market areas preferred.
  • Ask for “Uninsurable Plus” in your notes.
  • 5 year term deals pay 115bps + 10bps Efficiency Bonus
  • See attached product sheet.

Click here for more information.

MCAP

We are pleased to announce a special promo being offered to Pineapple agents across the board. 

*LIMITED TIME ONLY – can be cancelled without notice*

WHISPER SPECIAL

Applies to VRM, Regular or Value Flex

Insured or Insurable

Owner occupied or Second Home

Paying additional 25bps

Please put “AMBASSADOR PLUS WHISPER SPECIAL” in notes

Happy Selling!

Merix/Lendwise

Dear Broker Partners,

We’re excited to share that our Bridge Financing policies just got even better! Bridge Loans cover a borrower’s down payment if needed in the event that the purchase of their home is closing prior to the sale of their existing home. Here are the key changes below:

Please click here.

Essential Tutorial Videos

Debt Consolidations: HELOCs

Emerson takes us through Debt Consolidation: Home Equity Line of Credit (HELOC).

What You’ll Learn

  • What a HELOC consists of
  • Questions you should ask your clients when discussing HELOCs

The New Underwriting Process

Emerson shares a high-level overview of the updated underwriting process. 

What You’ll Learn

  • The new 9 step process for submitting your deal.
  • The importance of having your docs before submitting them to underwriting.
  • The new timelines that have been implemented into the Underwriting Process.

Utilizing Equity In Your Home

Emerson takes us through utilizing the equity in your home. Equity is the difference between the value of your home and how much you owe on your mortgage.

What You’ll Learn

  • There are two ways to build equity, the first is paying down the mortgage and the second is an increase in the property’s value.
  • How to use the equity in your home. He then goes through a real-life case study.

Mortgage Switch / Transfers

Emerson Munsayac takes us through Switches ve Transfers. He kicks off the meeting by explaining that a switch/transfer is when a client decides to move their mortgage from one lender to another.

What You’ll Learn

  • The difference between a mortgage switch and transfer.
  • How to utilize the calculators within our PineappleDOS system