Warehouse Lender

A warehouse lender offers financing to other lenders to make mortgage loans. This is short-term funding typically offered to smaller lenders, giving them the liquidity they need to make new loans, then sell loans on the secondary marketplace.

Many small bankers and lenders use warehouse lines of credit to finance operations. These loans are paid back once the mortgages are sold, usually with the warehouse lender receiving a percentage of each home loan made.

Warehouse Lending

Warehouse lending provides credit to mortgage lenders, thus, allowing them to fund loans until the lender sells them in the secondary market. warehouse loans, which may be anywhere from $5 million to $30 million, are an important means of giving smaller lenders the flexibility they need as well as the ability to offer more loan products to customers.

Warehouse lenders enable small lenders to offer:

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Summit Funding Registered Mortgage Broker (NMLS #52081) New York State Department of Financial Services 7030 137 Street, Flushing, NY 11367
Summit Funding Licensed Correspondent Mortgage Lender (NMLS #301151) New Jersey Department of Banking and Insurance 100 Challenger Road #402, Ridgefield Park, NJ 07660
Summit Funding Inc, Your Mortgage Professionals Licensed Mortgage Broker (NMLS #84943) State of Connecticut Department of Banking 7030 137 Street, Flushing, NY 11367
Summit Funding, Your Mortgage Professionals, Inc. Licensed Mortgage Broker (NMLS #84943) Florida Office of Financial Regulation 7030 137 Street, Flushing, NY 11367