A business that loans to temporary lenders against some form of security or collateral of closed mortgage loans before selling the loans in the secondary market. This state of flux is known as being "in the warehouse," and warehouse lenders can call these loans if they lose value while in such a state.
Related information about warehouse lender:
- Warehouse Lending Definition | Investopedia
Loan originators depend on the eventual sale of a loan to repay the warehouse lender; therefore, warehouse lenders closely monitor each loan's progression ...
- Warehouse line of credit - Wikipedia, the free encyclopedia
This decision is generally based on an institutional investor's published rates for various types of mortgage loans, while the selection of a warehouse lender for a ...
- Warehouse Lending Resource Center
Under such lines, the independent mortgage lender would sell the loan to the warehouse lender with an agreement to repurchase at a later date for ultimate sale ...
- Mortgage Warehouse Lending Is Safer Than Many Bankers Think ...
May 1, 2012 ... It's Cheaper to Build than Buy a Mortgage Warehouse Lender · EverBank Buying MetLife Warehouse Unit · Warehouse Lending Gains Favor of ...
- Requirements for Seller and Warehouse Lender Relationships ...
Requirements for Seller and Warehouse Lender Relationships. Freddie Mac has certain eligibility and delivery requirements for when Sellers opt to use a ...
- Obtain a Warehouse Line of Credit from GBC Funding Today!
If you are looking for EXCEPTIONAL customer service and a warehouse lender who is committed to ONE MAIN LINE OF BUSINESS, choose GBC Funding!
- What is warehouse lender? definition and meaning
Definition of warehouse lender: A business that loans to temporary lenders against some form of security or collateral of closed mortgage loans before selling ...
- New Warehouse Lender Proves Difficult to Get a Callback From ...
Oct 9, 2012 ... The latest entrant to the (now) lucrative warehouse business is a company called Fortis Capital, which is pitching its services to residential loan ...