Insignia Mortgage
Secures Funding for
Complex Jumbo Loans
Written by Rita Goldberg
Although the infamous mortgage crisis occurred over ten years ago, scenarios such as 1031 exchanges, Foreign National transactions and
and OC home prices have rebounded past pre-recession highs, clients who have recently sold a company with large assets yet offer
banks and most other major lending institutions are still imposing no traditional income. Insignia can even accommodate clients with a
the stringent standards devised in response to the decade old recent credit event, according to Edwards who successfully secures
ccurrence. Two years of income verification, strict loan to value funding for complex loans.
guidelines, and specified debt asset ratios are the standard criteria
traditionally used to grant home loans at market lending rates. Edwards is Insignia Mortgage’s key contact as the representing
While this formula may satisfy regulatory agencies, it has created Orange County broker, but his partners, Damon Germanides and
limited opportunities for many very qualified buyers. To address Chris Furie, based in the Beverly Hills office, are available to facilitate
this void, Jeff Edwards, Partner of Insignia Mortgage, with offices in with the requirements of additional complexities as they arise. Each
Beverly Hills and Corona del Mar, is ready to provide non-traditional partner has an average of 20 years of financial services experience
criteria lending. ensuring a wealth of expertise behind Insignia Mortgage’s offerings.
“There are many reasonable situations that create an alternative “We are a group of team players with a get-it-done attitude,” says
financial picture for clients who make reliable borrowers,” says Edwards. “Over the long-term, real estate is still one of the best ways
Edwards. “We are adept at evaluating an applicant’s ability to make for an individual to amass wealth and we are here to help our clients
payments on the loan,” he explains, citing Insignia’s zero default achieve that goal.”
record on nearly two billion dollars of loan originations since its
inception six years ago. “We don’t just look at tax returns for income
verification. People who are self-employed, foreign citizens, or
beneficiaries of irrevocable trusts are some of the examples of loan
applicants who present as solid candidates upon further inspection
of their ability to make payments.”
Loan to value ratios can also skew the depiction of a borrower’s
viability, according to Edwards, who often uses net-equity asset
depletion (unique to Insignia Mortgage) and cross collateralization to
qualify clients. “It’s about looking at someone’s total net worth”.
As long as Edwards can confirm an applicant’s ability to make the Jeff Edwards Insignia Mortgage
payments, he will work to secure the loan in line with the market 2852 East Coast Hwy. Corona del Mar CA. 92625
rates, currently between three and four percent. Many of his clients 949-734-7274
present complicated loan
AdrienneBrandes.com | 29