Supreme is closed for Thanksgiving Day
Supreme Lending will observe Thanksgiving Day as a Corporate holiday and will be closed. The Wire Desk will be unable to process wires on this day. Reminder: All locks must be valid through the disbursement date and be sure to request any necessary extensions to accommodate the rescission period as well as the lock expiration date. Click here to see a Rescission Dates and a Closing Disclosure Calendar.
Expansion to FHA and VA Credit Policy
Supreme Lending is expanding our FHA & VA credit policy to remove overlays in the 580-619 FICO range. Click here for a grid showing Qualifying Ratios, Types of Financing, and Underwriting Method.
Disaster Declaration: Northern California
FEMA has announced a formal declaration DR-4610 due to wildfires in Northern California. The affected counties are Lassen, Nevada, Placer, and Plumas. Click here for more information.
Non-Conforming K
Effective with locks taken on or after Thursday, November 18, 2021, LLPAs (value only) are changing. Click here for a comparison of current vs new LLPAs.
Program Finder Update: Eligible Programs Search Results
Program Finder has been updated with two new features to assist Loan Officers in selecting eligible loan programs: Eligible and Ineligible Tabs and Search Common Programs.
Eligible and Ineligible Tabs
To unclutter the view of the search results, only eligible loan programs will be returned on the Eligible tab. Select the Ineligible tab to view ineligible returned programs based on the search criteria and corresponding guideline violations. Click here for a screen shot.
Search Common Programs
By selecting the new “Search Common Programs” option, multiple loan programs can be searched while still allowing the speed of choosing only one specific product. This option will return results for only the most widely used products and will sort the results into the Eligible and Ineligible tabs. To search all products, including the less common, please choose the “Search All Products” button. Click here for screen shots.
OSHA Vaccine Update
A federal court order has halted the OSHA Vaccination & Testing Mandate for employers with 100 employees or more. OSHA has announced it will suspend activities for the mandate pending future developments with litigation. Employers are not required to adopt a Vaccination Policy unless there is a new federal court order. Supreme Lending will continue to monitor all developments and will make no changes at this time.
Tip of the Month
The holidays are always an exciting time full of on-line shopping, charity activities and package deliveries. The Cyber-criminal community uses this joyous time to take advantage of us, sometimes by way of one of the following methods:
Package Delivery Notifications
The Holidays are perfect time for hackers to distribute “fake” UPS/FedEx/USPS delivery notifications through e-mail. Be vigilant, don’t click on any attachment or link in an e-mail message notifying you of a package delivery. Legitimate notifications will have a clearly displayed tracking number and will not require you to click on an attachment or link to get delivery status. Best method is to simply type in the tracking number directly on the official delivery service website.
E-Greetings
Be careful when it comes to e-greetings, even if they come from contacts you know. Cyber-criminals use this method hoping we open the e-greeting so that malware can be delivered to a computer. This method is used by hackers to collect contact lists or use our e-mail accounts to launch secondary attacks.
SMiShing (“SMS Phishing”)
SMiShing is a way for hackers to collect personal information or download malware to a mobile device through use of SMS. Be aware of any text message asking for personal information, pin numbers and so on. Treat each text like every e-mail message you receive – always with caution.
Fake Receipts and Invoices
With all the holiday online shopping activities, the volume of invoices, order confirmations and receipts will inevitably increase. Usually targeting our e-mail inboxes, hackers will send attachments and links hoping to get a click or two. This is another method cyber-criminals take advantage of us during the festive season. Never click on un-expected links or open attachments without scrutinizing the sender address and subject reference.
Here are some additional tips to reduce your chances of being lured by hackers:
- Don’t download attachments from unknown sources
- Never share your login ID or password
- Always question wire transfer requests received in an e-mail message
- Look for poor grammar or spelling in the e-mail message
- Look at the sender address… If the e-mail looks like it’s from an official source such as a banking institution, the sender address will never be from Gmail, Hotmail, or other un-related source.
- When in doubt, simply notify the IT Service Desk!
If you have any questions regarding this tip, please contact Information Security via Mark.Nagiel@SupremeLending.com.
Signed waivers are required to attend Supreme’s Christmas Party on Dec. 8
Please sign and return the Andretti’s waiver to Concierge@SupremeLending.com, or drop it by the Concierge Department on the 1st floor, by Friday, December 3.
