In a refinance market, rates matter;
in a purchase market, products matter.
Lenders need a product-focused approach to grow their business following the rate-driven refinance market that dominated the industry for decades. FutureWave Finance focuses on bringing to market a unique suite of products, designed with correspondent sellers in mind, to drive the next wave of growth in mortgage lending. We offer Agency Products, Specialty Products, and Growth Products and are committed to providing you with a complete range of mortgage loan options.
Agency Products
Offering a variety of conventional and government-guaranteed products.
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15, 20, 30-year fixed rate conventional mortgage
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15-year and 30-year products will offer Low balance loans
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Geographic Payups (NY, FL, TX)
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FHA (buydown feature offered)
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VA (buydown feature offered)
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USDA/RHS (buydown feature offered)
Specialty Products
Consisting of non-conforming offerings like jumbo mortgages, non-qualified mortgages and DSCR loans.
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Jumbo (30-year/15-year)
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Non-QM Business Purpose/DSCR
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Non-QM Residential
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40-year
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Interest-only
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Bank Statements
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Asset Depletion
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We plan to add a lot of products in the Growth category, which is where we think we could make some inroads, and it's going to take a lot of work to get other investors in the secondary market involved. This includes loans with credit scores under 700, originations for borrowers eligible for Freddie Mac's Home Possible and Refi Possible products; mortgages that qualify for loan level price adjustment waivers; and Ginnie Mae Community Reinvestment Act securitization eligible offerings, with more to come.
Learn More
Growth Products
Products expertly crafted to adapt to your unique requirements to help grow your business.
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ITIN (Individual Tax Identification Number) – Available in 50 states, for all types of occupancies and transactions (purchase, rate and term refinance, and cash-out refinance)
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HomeWave (a First Time Home Buyer Program)
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Home Possible & Refi Possible (Affordable Lending Programs)
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Loan-Level Price Adjustment (LLPA) Waivers
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GNMA CRA MBS (Low/mod income and Low mod/census track)
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Stay tuned for our NEW products coming soon!
Our Industry Partners
At FutureWave, we understand the power of collaboration and the importance of aligning with industry leaders to deliver the best possible solutions to our clients. We are proud to showcase our strong relationships with trusted vendors and collaborators who share our commitment to excellence and innovation. These partnerships serve as a testament to our dedication to providing top-notch services and products to our clients.
Loan Central
GinnieMae
FreddieMac
Optimal Blue
ICE Mortgage Technology
The Fay Group
SitusAMC
FutureWave & Loan Central Unite for Enhanced Investor Opportunities
FutureWave and Loan Central have joined forces, creating a dynamic synergy that opens up a world of possibilities for lenders like you. Loan Central's extensive database of loan sellers and originators, coupled with cutting-edge technology, means more diverse products and pricing options at your fingertips.
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Loan Central brings operational excellence to the table, while FutureWave leads with innovation in product and pricing strategies. Together, they offer a powerhouse partnership that facilitates balance sheet-driven transactions for banks and credit unions.
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Explore the future of investment opportunities with us!
News & Noteworthy
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The Potential of ITIN Mortgages
An Individual Tax Identification Number (ITIN) is issued by the IRS to non-citizen, legal residents of the US. These legal residents are not qualified for a Social Security number, with some exceptions. The main purpose of an ITIN is for paying taxes, but it also can be used as a form of government ID for the purpose of obtaining a loan. These loans are referred to as ITIN loans
ITIN Mortgages - Barriers and Opportunities to Advance Latino Homeownership
Latino households are poised to drive 70 percent of net homeownership gains through 2040. But for the projected growth in Latino homeownership to be achieved, the mortgage market needs to be adapted to lower systemic barriers. One such barrier is a lack of mainstream mortgage financing for Individual Tax Identification Number (ITIN) holder households, a majority of whom are Latino.
Should banks buy AND sell residential CRA loans?
Community Reinvestment Act loans offer opportunities to market participants while supporting communities. The details of these loans, such as their purpose, eligibility criteria, and regulatory
requirements, are essential to understand their impact on community financial institutions & low-to-moderate-income communities.
Contingency Funding Plan: Using the Secondary Mortgage Market
Having a robust CFP to protect against a run-on-the-bank scenario will be a focus of regulatory exams for the foreseeable future. It is also important to consider whether your institution could withstand a fast-moving social media attack or a sharp increase in competitor rates.
Breakeven Trade: Selling Loans with Unrealized Loss
Currently, there is a demand to buy discount 30-year fixed-rate mortgages. CFIs can apply break-even analytics to restructure lower-yielding loans off their balance sheets to buy higher-yielding loans, attaining economic benefit while managing risk exposure.
Press Release - Steve Thomas Launches Minority-Owned National Correspondent Lender
The culmination of many years of planning, FutureWave partners with investors to serve the needs of lenders by offering a product suite intended to drive the future of the mortgage industry and expand home ownership across the country.