SmartBuy™ DPA Updates & Product Announcements

Click n’ Close™ announces that effective August 4, 2025, the minimum FICO for SmartBuy loans with a Forgivable 2nd lien will increase from 620 to 640. The team is also welcoming Jenny Starr as their new Divisional Support Specialist. Sellers can now deliver eNotes for both first and second liens on SmartBuy loans and receive a 10 bps pricing incentive. Updates were shared on how loan issues like overfunded DPA amounts or incorrect 2nd lien rates will be handled, including potential LLPAs. Additionally, new AI-driven technology is coming soon to speed up document reviews and reduce funding delays.

Click n’ Close™ announces LLPA and pricing updates across all SmartBuy™ DPA products, eNote delivery expansion, improved funding letter process, and ongoing rollout of the Click n’ File portal to streamline document delivery. Website enhancements and high loan volume operations updates also included.

New lock expiration rules, state-specific LLPA credits, eNote delivery now accepted, and Click n’ File portal launch for faster SmartBuy™ loan processing.

5.0% forgivable option suspended; new LLPA credit for 680+ repayable loans; Shared Appreciation Mortgage launched; 203K added; Lock & Shop expanded.

New rate structure for forgivable and repayable loans, 8.750% pricing tier, 60-day locks, and revised second lien note rate.

Supports Nov. 10 program changes with pricing by DPA type. Includes 5.0% tier and LLPA adjustments.

Updates include lower FICO for manufactured homes, blended credit scores, and removal of high balance loans for forgivable DPA.

Key updates: new rate sheet format, shorter lock terms, removal of NY eligibility, and final doc delivery policy.

Higher CLTV, new amortization options, reduced LLPA for buydowns, and manual underwriting exceptions for forgivable loans.

DPA max increased to $726,200, repayable note rate raised to 8.99%, and new 2-1 buydown LLPA added.

Launched new repayable second lien, increased max loan amount, lower LLPAs, and MERS registration flexibility.

Mid America Mortgage rebranded as Click n’ Close™ to focus on mortgage tech and correspondent lending. Launched in-house servicing.

Updates: lower FICO min, new LLPAs, sub-$250K payups, and manufactured homes now eligible.

Clarified LTV, lock expiration, and Freddie Mac LP Advisor response requirements for FHA.

5-year forgiveness structure, 650 min FICO, new lock extension rules, and second lien collateral process updates.