American Pacific Mortgage is delivering HomeLight‘s Buy Before You Sell bridge loan solution to its network of LOs.
The partnership will help American Pacific Mortgage’s lenders to instantly qualify clients, unlock their existing equity, eliminate mortgage liability to lower DTI, and empower them to make non-contingent offers and move on their own timeline, HomeLight says in a release.
With 46% of lenders reporting increased deal fallout in their pipeline – driven by contingent offers, affordability pressures, and borrower anxiety – programs that give originators and their clients flexibility provide a much-needed edge in closing deals.
“American Pacific Mortgage has built a reputation as one of the most forward-thinking lenders in the country,” says Drew Uher, founder and CEO of HomeLight. “Buy Before You Sell is the leading modern bridge loan product in the industry, and we’re thrilled to bring it to thousands of American Pacific Mortgage loan officers across the country.”
“At American Pacific, we’re always looking for ways to give our originators the tools they need to help their clients transact, and HomeLight’s Buy Before You Sell program is one of those tools,” adds Dustin Sheppard, president of American Pacific Mortgage. “This partnership allows our loan officers to provide a game-changing solution to borrowers who want to move without the stress of timing their sale and purchase perfectly.”