HomeXpress
and
ARIVE
explained
that
the
decision
to
partner
was
based
on
“strong
overlap
between
the
two
companies’
broker
communities.”
About
one-third
of
HomeXpress’s
active
broker
partners
already
operate
on
ARIVE.

Brokers
who
are
approved
to
do
business
with
HomeXpress
can
access
products
and
pricing
within
ARIVE
now.

“Brokers
want
efficiency
and
optionality,
and
they
want
to
work
with
lenders
inside
the
systems
they
trust,”
Kyle
Walker,
president
and
CEO
of
HomeXpress
Mortgage,
said
in
a
statement.
“Launching
on
ARIVE
allows
us
to
integrate
directly
into
the
platforms
brokers
rely
on
every
day,
expanding
access
to
the
non-QM
and
investor
loan
solutions
HomeXpress
is
known
for.”

ARIVE
said
the
addition
of
HomeXpress
to
its
platform
will
strengthen
its
offerings
of
non-QM
and
investor
loans.

“HomeXpress
is
a
strong
fit
for
the
ARIVE
platform
and
for
the
brokers
who
rely
on
us
every
day,”
said
Harish
Tejwani,
CEO
of
ARIVE.
“They
bring
depth,
speed
and
hands-on
expertise
in
non-QM
and
investor
lending.
This
launch
gives
brokers
more
choice
and
reinforces
our
commitment
to
partnering
with
lenders
who
prioritize
broker
success.”

HomeXpress
has
multiple
loan
programs
that
target
non-QM
and
investor
scenarios:

• CoreX,
  a
  flexible
  non-QM
  program
  for
  borrowers
  with
  alternative
  income
  documentation
  or
  credit
  challenges
• PrimeX,
  a
  non-QM
  program
  for
  borrowers
  who
  narrowly
  miss
  agency
  parameters
  or
  require
  higher
  loan
  amounts
• InvestorX,
  a
  debt-service-coverage
  ratio
  (DSCR)
  program
  for
  small
  and
  midsized
  real
  estate
  investors,
  including
  those
  who
  target
  short-term
  rental
  properties

HomeXpress
is
a

wholly
owned
subsidiary
of

Chimera
Investment
Corp.,
which
specializes
in
originations,
investments
and
management
of
residential
real
estate
assets.
According
to

Modex
data,
HomeXpress
has
15
licensed
loan
officers
and
did
$1.47
billion
in
volume
across
3,630
loans
in
the
past
year.