Diamond Residential Mortgage Corp. (DRMC) has launched ITIN Mortgages, a new product that caters to borrowers that live and work in the U.S. but do not have standard citizenship.
“The current mortgage market has proven to be quite the challenge for many borrowers,” says Kris Brian, SVP of mortgage products at DRMC. “That is why DRMC has stayed committed to the goal of finding a solution for all borrowers, including those underserved by the traditional mortgage industry.”
DRMC understands the inequities often found in the mortgage market and is working to address those issues and find solutions for underserved and often left behind borrowers. The company has advocated for not simply “no loan left behind” but “no borrower left behind” by identifying a range of solutions for a wide range of borrowers.
In addition to ITIN mortgages, DRMC offers solutions not traditionally provided by local banks. These low-to-moderate income-driven solutions include down payment assistance loans for those who cannot come up with the money required, refinance programs that reward borrowers who are making their payments on time, and flexible income review options for self-employed borrowers.
“I have seen even the most deflated borrowers come to DRMC after being turned away by countless other mortgage lenders, and find success in obtaining a loan,” mentions Richard Smith, EVP of national production. “With a continued commitment, catered solutions, and diligent problem-solving, we continue to find ways to get loans across the finish line.”
Photo by Maria Ziegler on Unsplash
