« Matrix: Warehouse Lending Facilities »
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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 LENDER NAME
21 Conventional residential
23 Government insured
25 Hard money (subprime)
27 Repossession/gestation LOC
28 Commercial or mixed-use
29 Servicing-advance lines
PRODUC TS OFFERED
The Warehouse Lending Facilities matrix
includes the lender requirements and
products offered to mortgage bankers and
brokers who want to fund mortgage loans
in-house. This matrix includes the Warehouse
Facility, the Repurchase Facility, the Line of
Credit, and the Purchase and Sale Facility
models for interim mortgage funding.
4 LIBOR, prime, both or other pricing
5 Minimum loan FICO score (0-850)
6 Minimum funding amount offered ($M)
7 Maximum funding amount offered ($M)
8 Minimum liquidity percentage required
9 Max. carve-out for non-Qualified-Mortgages
WAREHOUSE-FACILIT Y CHARACTERISTICS
10 Flexible net worth requirements
11 Personal guaranty required
12 100% funding (no haircut)
13 Broker to banker offered (training)
14 Multistate funding
15 Wet funding
16 Dry (note in house) funding
17 Electronic submission and reporting
18 Correspondent lending offered
19 Scratch and dent remedy for repurchase offered
20 Third-party originations allowed (TPOs)
1 Years in business
2 Monthly origination volume ($K)
3 Corporate net worth (min. required $K)
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29
BofI Federal Bank
CONTAC T: Warehouse Lending Division
2 0 1.5M BOTH 0 5M 55M 99 Y Y Y Y Y Y Y Y Y Y Y Y Y Y Y
NATION WIDE Aggressive LIBOR-based pricing, repurchase facility.
First Guaranty Mortgage Corp.
CONTAC T: Ken Jones, email@example.com
1 0 200K LIBOR 580 2M 15M Y Y Y Y Y Y Y Y Y Y Y
NATION WIDE Call First Guaranty's Warehouse Lending division today for exceptional service. A true non-captive warehouse line where the business owner is in control.
CONTAC T: Monroe B. Thrower III
0 0 0 BOTH 640 1M 40M Y Y Y Y Y Y Y Y Y Y Y
NATIONWIDE except: AK HI NY Warehouse funding since 1998! Broker-to-banker welcome; 100% advance rates; no non-usage fees; flexible terms.
Horizon Bank NA
CONTAC T: Kori Riggs
2 0 500K PRIME 620 3M 40M Y Y Y Y Y Y Y Y Y Y Y
NATION WIDE Repurchase facility, same-day funding, online requests, TPOs
Impac Warehouse Lending Inc.
CONTAC T: Kathy Hancock
1 0 100K PRIME 620 1M 20M Y Y Y Y Y Y Y Y Y Y Y Y
NATION WIDE except: NY Competitive bulk acquisition options; warehouse lines of credit; diverse product line
CONTAC T: See website
0 0 75K BOTH 580 1M 20M Y Y Y Y Y Y Y Y Y Y Y Y Y
NATIONWIDE except: AK HI NY Since 2004 NattyMac has been an effective warehouse lender funding both emerging and existing mortgage bankers.
CONTAC T: Janette K. Mah
5 0 3M BOTH 0 3M 30M Y Y Y Y Y Y Y Y Y Y Y Y
NATIONWIDE Advantages include same-day settlement, early wire, TPO and repo facility.
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