Mortgage Warehouse Lines of Credit for Mortgage Banking is the next logical step for Mortgage Brokers who are topped out. With lenders setting your comp plans, and ever more disclosure regulations, it is fast becoming a necessary next step to continue growth.
Warehouse Line- The Turning Point
Warehouse Lines Program Highlights
• NO Net Worth requirements for Broker to Banker Program (Training Provided)- PERFECT for brand new bankers
• No Personal Guarantees on our Broker to Banker Program
• Leverage up to 20:1 or more dependent upon full credit package.
• Broker to Banker program, with full training.
• Warehouse lines of credit ranging from $1,000,000 to $50,000,000
• Unlimited funding capacity.
• National- 50 states- warehouse lender.
(see warehouse lines section for full benefits of obtaining line)
* Must meet minimum state and agency requirements to qualify
- Fund Loans in your own company name
- Set your own compensation levels and plans
- Choose not to disclose lender premium or SRP
- Make more money per banked mortgage loan unit
- Earn the “spread” while your mortgage loan is being bought off of your mortgage warehouse line
- Control the entire mortgage loan process; pricing, processing, underwriting and funding
For existing mortgage bankers and direct lenders, for perhaps the first time, you can turn your warehouse line of credit from a cost center to a profit center. Don’t believe it? We have an interactive warehouse lines fee calculator here. You can plug in your own numbers and see how you can make more money as a banker.
Warehouse Lines Cost Comparison
