Angel Oak Mortgage Solutions LLC ISAOA, ATIM 980 Hammond Drive, Suite 850 Atlanta, GA 30328

Angel Oak Mortgage Solutions LLC ISAOA, ATIM 980 Hammond Drive, Suite 850 Atlanta, GA 30328

NQM Pricing: 11:00 am – 8:45 pm Eastern
(Max of 2 extensions not to exceed 15 days total)
1-15 day extension (you choose), at a cost of 2.5bps/day

Relock Terms-Only applicable on expired locks
•
Max Relock Period: 15 days with a .25 relock fee
•
.25 relock fee is applied to final pricing in TPO Connect under Pricing Product and Lock.
• You are allowed a maximum of two relocks or extensions combined.
Relock Parameters:
• If a Non QM or Agency lock has expired, it must either wait 45 days to relock at current market with past extension fees removed or relock immediately at worse case pricing for a max of 15 days.
• In the worst-case pricing scenario, pricing will be based on the worst case rate sheet. Either the initial lock or current market pricing will be applied along with a 25 bps relock fee and any previous extension costs.
Extension Calculation Example:
.00025 x Loan Amount = $$ (Extension Cost Per Day)
Ex: .00025 x 500,000= $125 (Extension Cost Per Day)