Our wholesale mortgage lender search engine was named winner of the Azbee Award for Best Original Web Database from the American Society of Business Publication Editors (ASBPE) for the fifth year in a row. We received a Silver award for 2010/2009, a Gold award for 2008 and a Bronze award for 2006/2007.
Our wholesale lender search engine has seen over 2.4 million search queries since launching in 2006.
>New Lenders and Programs:
American Financial Resources
BofI Federal Bank
Carrington Mortgage Services LLC
Catalyst Lending Inc.
CRL Home Loan
Diamond Residential Mortgage Corp.
ExpressLoan
First Guaranty Mortgage Corp.
GMH Mortgage Services
Guaranteed Home Mortgage Co. Inc.
Impac Correspondent Lending
NewDay Financial
New Penn Financial
Pacific Union Financial LLC
Performance Home Loans
Pride of Austin Capital Partners LLC
Stearns Lending
Stonegate Mortgage Corp.
Unitrust Realty Capital
>Search Categories:
1st Mortgages | Niches
>Branch Opportunties
The branch opportunities matrix includes the programs, products, benefits and requirements that mortgage bankers offer and are looking for in new recruits for their branch operations.
>Correspondent Lending
This matrix should be used by mortgage brokers or bankers looking to develop a correspondent-lending relationship with a larger lender (aka sponsor). Correspondent lenders originate and fund loans in their own name and then sell the loan to the sponsor who services it or in turn sells the loan. Use this matrix to find the sponsor whose minimum requirements, programs and products fit your company's needs.
>Warehouse Lines
Use this matrix to find warehouse lenders that offer lines of credit for use in mortgage banking. With a line of credit, mortgage bankers often can make quicker decisions and fund loans faster than the typical bank-approval process.
>Prime
Prime lenders offer wholesale mortgages exceeding FNMA/FHLMC loan limits, but they generally use traditional conforming credit guidelines. Minimum FICO scores would be 620 and above and very few mortgage lates would be allowed (zero or one within 12 months).
To find unusual properties or loan characteristics, check the Niches.
>FHA/VA/Government
FHA/VA/Govt. lenders offer loan programs that are sponsored or backed by a government agency, excluding the government-sponsored enterprises now under conservatorship. Examples include loan programs offered by the Federal Housing Administration (FHA), U.S. Department of Veterans Affairs (VA) and U.S. Department of Agriculture (USDA) Rural Housing loans. LTVs are allowed up to 97 percent, FICO scores as low as 580 are allowed, as are bankruptcies/foreclosures, in some cases.
>Hard Money
Hard Money wholesale mortgage lenders generally give more consideration to the value of the property/collateral rather than to credit history. LTV’s are usually under 65% and credit scores, if required, are under 500. They specialize in unique, hard-to-find mortgages. Hard Money lenders are sometimes referred to as Private lenders, Equity lenders or Portfolio lenders.
>Construction
Use this search to find residential wholesale mortgage lenders specializing in Construction loans for new construction or rehab/renovation loans.
>Wholesale Mortgage Lender Search Training Guide
New to our site? Don't know where to start? Check out our HTML training guide that walks through instructions and tips on using our award-winning wholesale mortgage lender search engines.
>Lender Search FAQ
This HTML document answers to commonly asked questions about our mortgage lender search engines.
>scotsmanguide.com
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