Brokered Out Loans
PRMG Elite Support Group
Champions Funding is designated by the US Department of the Treasury as a Community Development Financial Institution (CDFI), and as such, Champs has relief from ATR and certain documentation requirements contained in Appendix Q. Because of this CDFI designation, Champs flagship product does not require income nor employment verification for owner-occupied or 2nd homes. Champs may progress from loan submission to docs in as few as 10 days for consumer loans and as few as 5 days for business-purpose loans.
Current states: AZ, CA, CO, DC, FL, HI, IL, IA, MD, MI, NJ, NC, IR, PA, SC, TN, TX, UT, VA and WA
Lender Fees and Lender Paid Compensation
Lender Fees - $1895
Borrower Paid Compensation - Up to 2.75%
Champs Broker Resources page provides the most recent product Guidelines and Matrices. This page also contains the most recent frequently used forms including but not limited to Loan Submission Form, COC Request, CD|Doc Request, etc.
Solutions Team will provide most recent, requisite forms and submission instructions with pre-qualifications. These forms may also be accessed at Champs Broker Resources: