How do I become an Approved Broker?
If you would like to become an approved Broker please call us at (877) 752-3530 or email us at questions@peopleswholesale.net. an Account Executive located in your area will then contact you to discuss all of the opportunities and benefits that being approved as a Broker provides.

What type of loan does Peoples Mortgage Wholesale offer?
At Peoples Mortgage Wholesale we offer a wide variety of products to meet your customer’s needs.  We offer Conventional, FHA, VA, and Jumbo.

How do I submit a loan to Peoples Mortgage Wholesale? Final Conditions?
Loans and Final Conditions can be submitted by email, regular mail or fax.

 Please email submissions and conditions to: submissions@peopleswholesale.net

Please regular mail submissions and conditions to:

People Mortgage Company

ATTN: Wholesale Underwriting

4500 South Lakeshore Drive

Suite 150

Tempe, Arizona 85282

Please fax submissions and conditions to: 480-237-8158

Who should I contact if I have program questions? Status Questions?
We recommend that you call your Account Executive for all guideline questions. If you have a question regarding the status of your loan, please contact your Inside Account Manager.

What are your turn-times?
Call your Account Executive for today’s turn times.

How do I lock a loan?
Loans may be locked online.  Once a loan is locked a Lock Confirmation will be emailed to the requestor.

Can I change my loan program if my loan is already locked? Can I change properties?
If a loan characteristic changes which impacts price or product, the loan will be re-priced based on the lock status. If the lock is not expired, the rate sheet used to determine pricing on the day of the lock (or re-lock) will be used to re-price the loan. If the lock is in an expired status, the worse-case pricing will be applied to the loan to qualify and price the loan.

Peoples Mortgage Wholesale locks are attached to the property. If the borrower changes properties, their lock will have to reflect current market conditions.

I am submitting a Piggyback loan; do I need to submit two packages?
When submitting a Piggyback loan, please submit two (2) complete packages with separate 1003 and 1008’s reflecting each loan amount. Remember to include both payments in your debt ratio.

What are Peoples Mortgage Wholesale's fees?
1st Mortgage Transaction Fee - $795
Piggyback Transaction Fee - $295

Does Peoples Mortgage Wholesale have an approved appraiser list?
Peoples Mortgage Wholesale does not have an approved appraiser list.

Will Peoples Mortgage Wholesale fund interest credit loans?
Yes. Peoples Mortgage Wholesale will allow interest credit closings through the 5th calendar day of the month.

What is Peoples Mortgage Wholesale’s Mortgagee Clause?
Peoples Mortgage Company
Its Successors and/or Assigns As Their Interests May Appear
4500 South Lakeshore Drive Suite 150
Tempe, Arizona 85282