Royal Business Bank
1055 Wilshire Boulevard, Suite #1220, Los Angeles, CA 90017
https://www.royalbusinessbankusa.com
Internal Reviews
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Total loans closed with Loan Factory
0
Total loans closed with Loan Factory (past 12 months)
0
Lender overview
Basic information
ROYAL BUSINESS BANK ISAOA/ATIMA 1055 WILSHIRE BLVD., STE 1220 LOS ANGELES, CA 90017-3103 LOAN NUMBER: 287XXXXXXX
ROYAL BUSINESS BANK ISAOA/ATIMA 1055 WILSHIRE BLVD., STE 1220 LOS ANGELES, CA 90017-3103 LOAN NUMBER: 287XXXXXXX
Lock policies & Fees
Lock Policies
30 Day Max Extension
Only 2 Extensions Allowed
7-Day Extension = 0.125% to Fee
15-Day Extension = 0.25% to Fee
Worst case pricing, relock fee 0.25% to fee.
Lender's niche & Overlays
Royal Business Bank specializes in Non-QM Portfolio loans.
1. RBB Asset Utilization 3/6 ARM & 5/6 ARM
No Income or Employment is required, the borrower is qualified with 12-24 month cash reserves deposited into RBB Term CD. (13 month or 25 month terms)
2. RBB Portfolio - Alt Doc 5/6 ARM - Qualifying Ratios 43%/45% with fully indexed rate
Income verified through WVOE or CPA letter & Profit & Loss statements. (Borrower signed P&L are acceptable with an additional 0.25% hit to the rate.
Lender turn time
3
3
35
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