Champions Funding Releases New DSCR Business Purpose Non-QM Loan Product.
GILBERT, AZ (September 6, 2022) – Community-focused Champions Funding announced today, the launch of its third business purpose loan product - Accelerator X. After only six months since its official launch date Champions Funding continues to shine as the star MVP in the Non-QM mortgage market capturing over $600M in loan submissions in their first 6 months – a modest feat during a tough time in the industry. They continue to gain traction as a standup lender while fulfilling and honoring their mission-focused lending of serving the underserved and promoting community development. This is the philosophy behind their newest loan product – Accelerator X.
This new flagship product offers a unique opportunity for higher FICO investor borrowers to tap into the equity that has built up in their rental properties or those looking to purchase and grow their investment portfolio. The product provides a simplified lending experience and therefore borrowers will see quicker application and closure times due to Champion’s streamlined lending processes.
An added benefit of the Accelerator X loan product is its CDFI eligibility which allows for pricing improvements that you can only get at Champions Funding, LLC. They are one of a few lenders that hold a Community Development Financial Institution (CDFI) designation by the Department of Treasury to generate economic growth in distressed communities.
President and Chief Operating Officer, Natalie Verrette says, “We are excited to offer Accelerator X to our business partners as a way to fill a demand in our industry for alternative and responsible lending solutions. The CDFI eligibility component to this product also serves our greater mission of making an impact for underserved borrowers in the nation’s most distressed communities.”
Accelerator X is available today for all approved mortgage broker partners. For full guidelines or to become a partner, visit: https://www.champstpo.com/partner-with-us
ABOUT CHAMPIONS FUNDING LLC
Champions Funding, LLC is a privately-owned wholesale lender providing Non-QM loan options for mortgage brokers and their customers. As a Community Development Financial Institution (CDFI), Champions Funding LLC empowers its Broker Partners to fulfill the dreams of their diverse homeowners as well as realize the mission of serving low-income and underserved communities.
As a women-led organization that empowers its team of service-focused and mission-driven team members, it offers exciting opportunities for high-performing and experienced mortgage professionals who love what they do and want to grow their careers. Find out more at ChampsTPO.com.
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Media inquiries: Christy Mindell, EVP Marketing, Champions Funding LLC, cmindell@champstpo.com, (602) 609-3645
