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 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 15:1 dependent upon full credit package.
• Broker to Banker program, with full training and a correspondent line to go with it.
• Warehouse lines of credit ranging from $1,000,000 to $50,000,000
• Unlimited funding capacity.
• National- 50 states- warehouse lender and correspondent program for purchas eof closed loans.
(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 whether or 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 make more money on your existing pipeline. In most cases a quarter more or better on as much as a 20-25% of your pipeline.