New Lender Alert: RESCO - Newton Connectivity Systems

New Lender Alert: RESCO

Submit Private Mortgage Applications Directly to RESCO Mortgage Investment Corp.

Newton is proud to announce that you can now submit deals directly to RESCO Mortgage Investment Corp. via Velocity and Expert. 


Send us your Residential 1st and 2nd Mortgage Deals!
 
R: READY, WILLING AND ABLE to lend
E: EXCEPTIONAL SERVICE to our broker partners
S: SOLUTIONS-ORIENTED APPROACH to get deals closed
C: COMMON SENSE UNDERWRITING that won’t make you jump through hoops
O: OPEN, HONEST AND TRANSPARENT with no hidden fees or costs


Our Service Commitment

Applications Response Timeline

  • Same Business Day if submitted before 1PM
  • Never longer than one Business Day

 Deal Funding Timeline

  • Three Business Days or less after Broker Complete

Our Lending Partners

  • Residential 1st in Ontario, Manitoba and Alberta
  • Residential 2nd in Ontario, Manitoba and Alberta
  • Residential 1st and 2nd Bundle
  • Bridge Loans up to 6 months
  • 2nd Mortgages behind Collateral Mortgage or Reverse Mortgage

Our Lending Parameters

  • LTV based on appraised value for new builds
  • No Income Verification
  • No GDS/TDS
  • No Minimum Beacon Score
  • Purchase LTV: 80% (85% on exception basis)
  • Refinance LTV: 75% (80% on exception basis)