SmartBuy™ DPA Updates & Product Announcements
Stay informed with the latest SmartBuy™ DPA updates, pricing changes, and product news from Click n’ Close™ Correspondent Lending (formerly Mid America Mortgage). Below, you’ll find updates to our forgivable and repayable DPA guidelines, shared appreciation mortgage option, and other key announcements—all designed to help you better serve today’s borrower.
Correspondent Angle - April 2026 Edition
Spring momentum continues with key updates, including the resolution of the Comergence LPA renewal issue and the rollout of a new, industry-standard correspondent agreement. We’re honored to be named the 2025 Texas MBA Pinnacle Award recipient and look forward to connecting at TMBA and MBA Secondary. Effective May 4, pricing updates include a reduced 5/1 ARM LLPA for high balance loans and the removal of overnight and holiday pricing protection. We remain committed to delivering the tools and support our partners need to succeed.
March 18, 2026
Correspondent Angle - March 2026 Edition
Click n’ Close’s Correspondent Lending Division March 2026 update highlights continued growth, expanded opportunities, and a strong commitment to partner success. Operational enhancements include automated Funding Obligation Letters within Encompass/ICE and best practices to help reduce early payment defaults through borrower education and proactive communication. Partners are reminded to stay current with renewals via Comergence and can access recent DPA webinar resources online. A state-specific pricing update for Kentucky loans takes effect April 1.
February 13, 2026
Correspondent Angle - February 2026 Edition
Effective March 1, the Non-Occupying Co-Borrower overlay will be removed. We’re also excited to welcome Rachel Fatino as Director of Correspondent Operations. Coming soon: the Funding Obligation Letter (FOL) added to the Encompass/ICE closing package, tentatively launching February 26
January 21, 2026
Correspondent Angle - January 2026 Edition
Click n’ Close kicks off 2026 with key updates for correspondent partners. The updated Matrix is now live, with changes effective February 2, including a minimum 660 FICO for manufactured homes and non-occupying co-borrowers allowed by exception only.
December 15, 2025
Correspondent Angle - December 2025 Edition
Click n’ Close has launched a new 1-0 Temporary Buydown program, giving borrowers lower payments in the first year. We’ve also implemented a new process for loan delivery discrepancies. If a delivered loan does not match the original lock terms, sellers will be asked to either update the lock or revise documents to align with the locked product to prevent processing delays. Please note important reminders for 5/1 ARM loans, including a margin change from 2% to 1.5%, with temporary acceptance of 2% margin loans during system updates.
September 1, 2025
Correspondent Angle - September 2025 Edition
September 2025 updates: We’ve expanded our SmartBuy offerings with a new 3-year Forgivable DPA option and a 5/1 ARM on the 3.5% Repayable product. Key changes effective 9/15 include a Buydown LLPA increase to .50 bps and removal of the 20-year amortization. Plus, you can now register 1st and 2nd liens simultaneously for faster, more efficient processing.
August 1, 2025
Correspondent Angle - August 2025 Edition
August 2025 updates: new product enhancements include a 5/1 FHA ARM with SmartBuy DPA for new construction and a new 3-Year Forgivable DPA option alongside our 5-Year program—both with no income or first-time buyer restrictions. We’ve streamlined technology with Click n’ Close documents now available in Encompass and the rollout of our new delivery platform, Click n’ File, replacing Doc V by September 1. We also welcome Jenny Starr as our newest Correspondent Relationship Manager. For exceptions, requests can be submitted for quick review when strong compensating factors exist.
July 1, 2025
Correspondent Angle - July 2025 Edition
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.
June 1, 2025
Correspondent Angle - June 2025 Edition
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.
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