Warehouse lines of credit are short-term lines of credit, secured by real estate. Utilizing Warehouse Lines, mortgage bankers can fund mortgage loans in their name and sell the loans to institutional
investors and banks.
Mortgage bankers are exempt from RESPA/RegZ/ DoddFrank requirements that lender premium or rebate be disclosed to the consumer. Since, as a banker, you receive Service Release Premium, not lender rebates, this income is not subject to these rules. This allows you to focus more on providing solutions rather than negotiating your paycheck.
Many brokers struggle to make the transition from broker to banker due to high net worth requirements from traditional warehouse lenders.
Our Broker-To-Banker Warehouse Line of Credit does not require any minimum net worth as a qualifier. Even our traditional Warehouse Line of Credit and the Repo/Gestation Line have only minimal net worth requirements in comparison to traditional warehouse lenders.
