Drop Mortgage was founded on the idea that underwriting should "make sense". The problem with mortgage lending these days is that if you don't fit in a specific box, your loan most likely will be denied. At Drop Mortgage, Inc. we take a common sense approach to looking at your loan. If you have compensating factors or can demonstrate the ability to pay in an unconventional way, we might still be able to approve your loan. If you have a credit event like a short sale or foreclosure, we understand and can overlook it if you have a good reason for it. Additionally, we use methods like "depleted assets" or "cross-collateralization" to work around traditional guidelines. We thrive in the super jumbo area, even after a foreclosure or short sale. Contact us for more info, you might be glad you did. Company NMLS # 1202262 Texas mortgage company notice: Consumers wishing to file a complaint against a mortgage company or a licensed residential mortgage loan originator should complete and send a complaint form to the Texas department of savings and mortgage lending, 2601 North Lamar, Suite 201, Austin, Texas 78705. Complaint forms and instructions may be obtained from the department’s website at www.sml.texas.gov. A toll-free consumer hotline is available at 1-877-276-5550. The department maintains a recovery fund to make payments of certain actual out of pocket damages sustained by borrowers caused by acts of licensed mortgage company residential mortgage loan originators. A written application for reimbursement from the recovery fund must be filed with and investigated by the department prior to the payment of a claim. For more information about the recovery fund, please consult the department’s web site at www.sml.texas.gov.
