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Interest Only Guide

  Correspondent Interest Only Guide (CIG)

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The Correspondent Interest Only GuideSM surveys the core Conforming, Jumbo, and FHA Fixed products that historically have made up the bulk of the mortgage industry's volume. This guide is published at approximately 12:30PM EST (11:30 AM CST, 10:30 AM MST, 9:30 AM PST) daily for each state.

The Correspondent Interest Only Guide compares net pricing on a state specific basis. Key adjustments such as Loan Size, Credit Score, LTV, Lock Period, and Promotions are included in net pricing calculation as well as the Admin Fee which is converted to basis points based on loan size. Volume discounts or other premiums not available to all Correspondents are excluded in the net price calculation. Multiple loan size and note rate scenarios are provided for key products.

Products Surveyed
Conf 30 Yr IOConf 3 Yr Treas / LIBOR IO
Conf 5 Yr Treas / LIBOR IOConf 7 Yr Treas / LIBOR IO
Conf 10 Yr Treas / LIBOR IOJumbo 30 Yr IO
Jumbo 3 Yr Treas / LIBOR IO Jumbo 5 Yr Treas / LIBOR IO
Jumbo 7 Yr Treas / LIBOR IO Jumbo 10 Yr Treas / LIBOR IO
 
Lenders
Leading Correspondent Lenders
 
Subscription Cost
Interest Only Guide subscriptions are available as an add-on to a core Secondary Guide / ARM Guide subscription.

Interest Only Guide Weekly $15 / state

Interest Only Guide Daily $30 / state

Key Benefits

  1. Improves Daily Lock Decisions
  2. Saves Time with a Quick "Apples-to-Apples" Pricing Comparison
  3. Demonstrates "Due Diligence" to Clients
  4. Enables Quick Responses to Rate / Price Questions

Customer Feedback

By using the Guides consistently, I average nearly an extra .25 across my pipeline with lenders who provide me the service I need.

The Guides provide me exposure to wholesale lenders that I wouldn't ordinarily know even exist.

I've tried other services, including the ones that are on-line, and none are as accurate and concise. It is worth every penny!

Icon rocks! The team is incredibly responsive to our needs. Thanks!