Description: Essex Mortgage was formed in 1986 and privately owned by Roland Weedon, CEO. Essex Mortgage has a correspondent lending platform and buys GNMA loans on a revenue share basis and down payment assistance loans on a servicing released basis. The GNMA offering gives correspondent clients the benefits of having a their own GNMA ticket and Essex shares in the servicing revenue stream. The Down Payment Assistance program is for FHA borrowers and provides 3.5% down payment assistance for 100% CLTV.
Services Offered: GNMA Revenue Share and FHA Down Payment Assistance
Seller Minimum Net Worth Required (in Millions): $1.5 million