AAG Channels of BusinessWhich Platform is Right For You?

Which platform is right for you?Approved and Licensed to originate and process mortgage loans

FHA Approval

Supervised or Non Supervised Mortgagee with FHA DE Approval

Obtain case numbers

HECM DE approved, but chooses AAG to act as Authorized Agent

Underwriting

Loan close in AAG’S name

Loan close in seller’s name

Funding

Obtain MIC

Sell Loan to AAG post-funding

Lender Support (866) 964-1290 | lendersupport@aag.com

BROKER/TPO

For those approved and licensed to originate and process loans, but not eligible for Federal Housing Authority (FHA) approval. AAG is responsible for obtaining case numbers, underwriting, closing funding, post-closing, and obtaining the mortgage insurance certificate (MIC).

PRINCIPAL AGENT

For Supervised or Non-Supervised Mortgagee with Direct Endorsement (DE) FHA approval, with additional Home Equity Conversion Mortgage (HECM) DE approval but chooses AAG to act as the Authorized Agent. AAG provides underwriting and document draw. Loans close in the name of the Principal Agent, using their funds. AAG purchases the loans post-funding after the loans have been seasoned on the Principal’s warehouse line for at least 48 hours.

CLOSED LOAN SELLER (CLS)

Also known as Correspondent. For Supervised or Non-Supervised Mortgagee with HECM Direct Endorsement (DE) FHA Approval. Closed Loan Sellers are responsible for originating, underwriting, closing, funding and obtaining the MIC. Loans are delivered to AAG for purchase. As one of the nation’s largest GNMA issuers, AAG provides an exemplary and smooth whole-loan purchase process.

Broker/TPO Principal Agent CLS

For industry professionals only – not intended for distribution to the general public. American Advisors Group, NMLS #9392, headquartered at 3800 W. Chapman Ave., 3rd & 7th Floors, Orange, CA 92868.  License information on www.nmlsconsumeraccess.org,  www.aag.com, and www.aag/wholesale.com.