Our commercial and wholesale 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 sixth time in 2012. We received a national silver award in 2009, 2010 and 2012; a gold award in 2008; and a bronze award in 2006 and 2007.
Our wholesale lender search engine has seen over 2.5 million search queries since launching in 2006.
>New Lenders and Programs:
Asset Based Lending LLC
Athas Capital Group
BBG Home Loans
Citadel Servicing Corp.
City Capital Realty
Cole Taylor Mortgage LLC
First Guaranty Mortgage Corp.
FMC Lending
Island View Private Loan Fund
Mortgage Solutions Financial
NXTLoan-First American Mortgage Trust
Pacific Premier Bank
Primary Residential Mortgage Inc.
PRMG - Paramount Residential Mortgage Group
Rushmore Home Loans
The La Porte Savings Bank
The Money Store
Visio Financial Services
White Glass Lending LLC
>Search Categories:
1st Mortgages | Niches
1st Mortgages | Niches
>Branch Opportunities
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 Lending Facilities
The Warehouse Lending Facility matrix includes the lender requirements and products offered to mortgage bankers and brokers who want to fund mortgage loans in-house. This matrix indcludes the Warehouse Facility, the Repurchase Facility, the Line of Credit, and the Purchase and Sale Facility models for interim mortgage funding.
>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.
>Subprime
Subprime wholesale lenders offer loan programs with FICO scores as low as 500, alternative income documention and ARM/fixed hybrid products for 1-4 unit single-family residences, townhomes and condominiums.
>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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