Non-Delegated Lending

Working hand-in-hand with you to help you grow

Qualified lenders can also take advantage of our "one team" approach to find custom solutions that meet the unique mortgage needs of their customers, along with competitive pricing, efficient processing and quick response times.

Our Non-Delegated Program provides the personal service you’re looking for, while helping reduce staffing costs and underwriting risk. We’ll provide the tools you need to help truly make a difference in the lives of the homebuyers you work with.

Non-Delegated Program Basics

  • Participating lenders will originate, draw closing documents and fund loans in their name
  • 100% Non-delegated underwriting to help manage costs and reduce risk
  • We will also underwrite conforming and jumbo loan products
Key Requirements Tier 1 Tier 2
Net Worth $500,000 $250,000
Experience
  • 24 months correspondent experience, minimum net worth of $250,000; or
  • 3 years1 experience as a wholesale account with SunTrust Correspondent Lending, minimum net worth of $250,000; or
  • 5 years industry experience, minimum net worth of $250,000
Insurance & Coverage
  • E&O Insurance ($300,000 coverage)
  • Fidelity Bond Insurance ($300,000 coverage
  • Lender's Policy
  • If title is an affiliated business, $1,000,000
Financials 2 years plus year-to-date
Doc Prep & Compliance Options
  • Allowed to draw docs and fund with your own internal resources
  • Allowed to use your own compliance department
  • Lender must cure or repurchase the loan if an error exists with a closed loan
  • Non-delegated: SunTrust will rep and warrant the appraisal and borrower's credit
  • Lender may select a fulfillment provider for Doc Prep and Compliance services
  • Fulfillment Center reps and warrants compliance for lenders
  • Non-delegated: SunTrust will rep and warrant the appraisal and borrower's credit
  • Lender must select a fulfillment provider for Doc Prep and Compliance services
  • Selected fulfillment provider may permit lender to draw own docs
  • Let's start a conversation about how we can help you grow.

    Correspondent Lending Resource Center