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What is XLR8?

We are delighted to introduce XLR8, a streamlined and expedited mortgage approval process designed to automatically verify borrowers’ credit, assets and income without the borrower providing any loan documentation.

Borrowers simply complete a digital loan application via our website or mobile app, and connect their bank accounts via our secure portal.  We then work behind the scenes to electronically validate credit, assets and income in minutes—not hours, days or weeks!

If validated…

  • No more digging for old tax returns
  • No more searching files for W-2’s from two years ago
  • No need to print off pay stubs
  • No need to copy, print or scan pages and pages of bank statements
  • Most borrowers are only required to provide a Valid ID and proof of Homeowner’s Insurance to close

Advantages of XLR8:

  • Minimize your loan conditions
  • Simplify the mortgage process
  • Close on your home faster
  • Reduce last minute surprises

 

In a matter of minutes, we may be able to electronically validate your information and issue an XLR8 commitment letter.  Contact your local mortgage consultant for more information about XLR8 today!

 

 

 

 

1. The XLR8 mortgage program is available on conventional loans guaranteed by the Federal National Mortgage Association (FNMA) only. Contact your mortgage consultant for more information.

All first mortgage products are provided by Prosperity Home Mortgage, LLC. (877) 275-1762. Prosperity Home Mortgage, LLC products may not be available in all areas. Not all borrowers will qualify. Licensed by the NJ Department of Banking and Insurance. Licensed by the Delaware State Bank Commissioner. Also licensed in Alabama, Colorado, Connecticut, District of Columbia, Florida, Georgia, Illinois, Indiana, Kansas, Maryland, Michigan, Minnesota, Missouri, Nebraska, North Carolina, Ohio, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, West Virginia and Wisconsin.  

NMLS ID #75164 (NMLS Consumer Access at http://www.nmlsconsumeraccess.org/)

©2019 Prosperity Home Mortgage, LLC. All Rights Reserved.


We are pleased to share that Prosperity Home Mortgage, LLC, (Prosperity) has been recognized for its exceptional mortgage originators once again by Mortgage Executive Magazine.  In its Winter 2019 edition, the industry publication honored the Top 200 Mortgage Originators in America and the Top 1% of Mortgage Originators in America.  31 members of the Prosperity team were named to these exclusive lists.

“It’s quite an honor to see that so many of our mortgage originators were recognized as some of the top in the country by Mortgage Executive Magazine,” said Tim Wilson, CEO of Prosperity. “I’m proud of not only their hard work and achievements, but that of our entire sales organization. We’re committed to providing personalized and focused service to every client at Prosperity, and it’s because of that ongoing commitment that we remain among the top lenders in the nation.”

Two of Prosperity’s mortgage consultants ranked among the Top 200 Mortgage Originators in America by annual mortgage volume. Jonathan Okun, a senior mortgage consultant based in Bethesda, Maryland, was ranked No. 55 on the 2018 list with 226 closed loans and total volume of $116,548,857. Jody Eichenblatt, a senior mortgage consultant based in Alexandria, Virginia, earned the No. 68 on the list. He closed 249 loans for a total volume of $111,127,133 in 2018.

Additionally, 31 mortgage consultants with Prosperity have been named to Mortgage Executive Magazine’s list of the Top 1% of Mortgage Originators in America. To be eligible for the list, a loan originator had to personally produce at least $30 million in 2018. According to NMLS Mortgage Industry Report, there were more than 550,660 federally registered mortgage loan originators as of June 30, 2018. Below are the Prosperity members who were recognized:


Congratulations to each of our mortgage consultants on their success!

 

 

 

All first mortgage products are provided by Prosperity Home Mortgage, LLC. (877) 275-1762. Prosperity Home Mortgage, LLC products may not be available in all areas. Not all borrowers will qualify. Licensed by the NJ Department of Banking and Insurance. Licensed by the Delaware State Bank Commissioner. Also licensed in Alabama, Colorado, Connecticut, District of Columbia, Florida, Georgia, Illinois, Indiana, Kansas, Maryland, Michigan, Minnesota, Missouri, North Carolina, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, West Virginia and Wisconsin.

NMLS ID #75164 (NMLS Consumer Access at http://www.nmlsconsumeraccess.org/)

©2019 Prosperity Home Mortgage, LLC.


Prosperity Home Mortgage, LLC, is pleased to announce that we have expanded operations into Minnesota and Wisconsin. On March 18, 2019, a team of knowledgeable and experienced mortgage professionals from Edina Realty Mortgage joined Prosperity. The team, which includes Edina Realty Mortgage President, Joe Brown, will continue to serve the financing needs of homeowners and homebuyers in Minnesota and Wisconsin.

Going forward, they will continue to serve as the lending partner of Edina Realty and work closely with Edina Realty’s over 2,400 real estate professionals in its 60 local offices, helping the agents and their clients to achieve their real estate goals.

“Edina Realty Mortgage built a reputation for providing the highest quality of service and support to clients in the greater Minneapolis area. By joining their team with Prosperity, our company will deliver even more exceptional service and competitive rates to buyers and sellers in Minnesota and Wisconsin,” said Tim Wilson, CEO of Prosperity. “At Prosperity, we lead the way with cutting-edge tools and technology, as well as competitive loan products, and we look forward to the energetic partnership created by teaming with these exceptional mortgage professionals.”

By joining Prosperity, these mortgage professionals gain the advantages of a company with great resources and technology, while also maintaining the family approach to business that ensures their clients’ continued real estate success. Prosperity offers a wide range of mortgage products, including fixed and adjustable rate mortgages. It is represented by more than 200 mortgage consultants and operates its own in-house processing, underwriting and closing. Prosperity also coordinates appraisals and mortgage fulfillment in-house.

Prosperity is focused on growing its business throughout the nation, and the addition of the Edina Realty Mortgage team aligns with the company’s long-term growth strategy.

Locate your local mortgage consultant in Minnesota and Wisconsin here!

 

 

 

All first mortgage products are provided by Prosperity Home Mortgage, LLC. (877) 275-1762. Prosperity Home Mortgage, LLC products may not be available in all areas. Not all borrowers will qualify. Licensed by the NJ Department of Banking and Insurance. Licensed by the Delaware State Bank Commissioner. Also licensed in Alabama, Colorado, Connecticut, District of Columbia, Florida, Georgia, Illinois, Indiana, Kansas, Maryland, Michigan, Minnesota, Missouri, Nebraska, North Carolina, Ohio, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, West Virginia and Wisconsin.  

NMLS #75164 (NMLS Consumer Access at http://www.nmlsconsumeraccess.org/)

©2019 Prosperity Home Mortgage, LLC. All Rights Reserved.  


Home Buying Basics

Feb 22
11:30
AM
Category | Prosperity News

Buying a new home can seem overwhelming.  But knowing what to expect – and having a knowledgeable team of real estate and mortgage-lending professionals to assist you – can help make finding and financing your home an exciting and rewarding experience.  Here is a basic overview of the home buying process:

 

1. Obtain a mortgage preliminary approval before you begin house hunting.

  • Learn how much home you can purchase.
  • Strengthen your bargaining position with sellers.

2. Work with your real estate agent to find the right home.

  • Determine your needs and create a wish list of desirable features.
  • Take notes as you preview homes using our house hunting checklist.

3. Make a purchase offer on a home you like.

  • Your real estate agent presents your offer to the seller, who will then choose to accept, counter or reject the offer.
  • When the price is settled, you and the seller sign a Purchase Agreement, defining the terms of the sale.

4. Complete the loan application process.

If you have already obtained a mortgage preliminary approval, contact your lender and let them know you have a contract on a home. Your mortgage consultant will update your loan application and help you to proceed with the home financing process.

5. Have the home inspected.

If you choose to have a home inspection, hire a professional home inspector after the offer has been accepted to provide an in-depth look at the basic systems of the house, which can reveal safety hazards and give you a chance to reconsider the deal.

6. The home will be appraised.

An appraisal, required by your mortgage lender, is a formal, written estimate of the home’s current market value.

7. Obtain title insurance. (where applicable)

Title insurance guarantees the property you are purchasing is free of liens or confusion in rights of ownership, and it also insures against any losses to the property that result from defects in the title or deed.

8. Close on the property.

  • A closing agent coordinates and distributes all the paperwork and funds.
  • Ownership of the property is transferred.

 

And you become the proud owner of your new home!  Our team of mortgage professionals is available to guide you every step of the way to help ensure your home buying process is a smooth one.

Contact a local mortgage consultant, today!

 

 

 

All first mortgage products are provided by Prosperity Home Mortgage, LLC. (877) 275-1762. Prosperity Home Mortgage, LLC products may not be available in all areas. Not all borrowers will qualify. Licensed by the NJ Department of Banking and Insurance.  Licensed by the Delaware State Bank Commissioner.  Also licensed in Alabama, District of Columbia, Florida, Georgia, Kansas, Maryland, Michigan, Missouri, North Carolina, Pennsylvania, South Carolina, Tennessee, Virginia, and West Virginia.

NMLS ID #75164 (NMLS Consumer Access at http://www.nmlsconsumeraccess.org/)

©2019 Prosperity Home Mortgage, LLC. All Rights Reserved.


We are pleased to announce that effective February 4, 2019, Prosperity Home Mortgage, LLC (Prosperity) has expanded its operations into Alabama, Kansas, and Missouri.  Two teams of knowledgeable and experienced mortgage professionals from HomeServices Lending have joined Prosperity.  These teams, led by regional managers Amy McDonald in Kansas/Missouri and Wendie White in Alabama, will continue to serve real estate professionals, homebuyers and existing homeowners as Prosperity Home Mortgage consultants.

“We’re thrilled to have the opportunity to expand our footprint in the South and Midwest,” said Tim Wilson, CEO of Prosperity Home Mortgage.  “Prosperity continues to be one of the best mortgage companies in the country, and we are looking forward to demonstrating the wealth of knowledge and integrity that our team of mortgage professionals brings to every mortgage transaction—all in support of our mission to deliver an extraordinary home financing experience to our clients.”

Prosperity is focused on growing its business throughout the country in 2019, and the addition of the new teams align with the company’s long-term growth strategy, according to Wilson.

Ron Wivagg, National Sales Support Manager for Prosperity, echoed Wilson’s thoughts.

“Prosperity has built a strong reputation for providing the highest quality of service and support to our clients.  We lead the way with cutting-edge technology and competitive loan products,” said Wivagg.  “I’m confident with our dedication to providing personalized service to every Prosperity customer, we’ll show our clients in Alabama, Kansas and Missouri exactly why we are among the top lenders in the nation.”

Prosperity has ranked as one of the best mortgage companies in the nation by Mortgage Executive Magazine, a publication that spotlights the country’s leading lenders in its annual list of Top 100 Mortgage Companies in America 2017.  Prosperity has earned a position in the top 50 each year since 2014.

Prosperity’s mortgage professionals have the advantages of a large company with excellent resources and state-of-the-art technology, while also maintaining a family approach to business that ensures our clients’ continued real estate success, added Wilson.

The company offers very competitive interest rate pricing and a wide range of mortgage products, including fixed and adjustable rate mortgages, jumbo loans, Federal Housing Administration (FHA), Veterans Affairs (VA) loans, down payment assistance and bond programs, home equity line of credit programs, and renovation financing.

Prosperity operates 5 regional offices for loan processing, underwriting and closing and is represented by over 210 mortgage consultants operating in Washington, D.C. and 16 states including: Alabama, Delaware, Florida, Georgia, Indiana, Kansas, Maryland, Michigan, Missouri, New Jersey, North Carolina, Pennsylvania, South Carolina, Tennessee, Virginia, and West Virginia.

 

 

 

All first mortgage products are provided by Prosperity Home Mortgage, LLC. (877) 275-1762. Prosperity Home Mortgage, LLC products may not be available in all areas. Not all borrowers will qualify. Licensed by the NJ Department of Banking and Insurance.  Licensed by the Delaware State Bank Commissioner.  Also licensed in Alabama, District of Columbia, Florida, Georgia, Indiana, Kansas, Maryland, Michigan, Missouri, North Carolina, Pennsylvania, South Carolina, Tennessee, Virginia, and West Virginia.

NMLS ID #75164 (NMLS Consumer Access at http://www.nmlsconsumeraccess.org/)

©2019 Prosperity Home Mortgage, LLC. All Rights Reserved.


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