He then sells the borrowed stock through the same broker,and the proceeds of the short sale earn interest at a broker loan
rate, which is currently approximately 5 percent.
The average broker loan
size has increased over the last five years
An example of this new generation of broker portals is Houston-based Aegis Mortgage Corporation's Aegis Broker Loan
Enabler (ABLE) portal.
All of IndyMac's broker loan
submissions are made online, says Wagner.
E[acute accent]In this newly created position, Winters will establish and oversee all facets of broker loan
operations including working with other origination executives to develop coordinated and effective broker-originated loan programs, setting annual production goals and evaluating broker loan
activities for quality and efficiency.
Liberty is also using GHR's Wholesale Origination Web site to streamline broker loan
Liberty is also using GHR's Wholesale Origination Website to streamline broker loan
The Company serves over 10,000 brokers with online broker loan
search and productivity tools that are linked to over 77,000 loan programs nationwide.
We serve mortgage originators with online broker loan
productivity tools and websites powered by a database of over 100,000 regionalized wholesale and correspondent loan programs nationwide.
Steinberg will join ABFS as an executive vice president, responsible for helping to build the Company's expanding broker loan
origination channel across the country.
The Company serves over 6,700 originators with online broker loan
productivity tools and websites powered by a database of over 70,000 regionalized wholesale and correspondent loan programs nationwide.
The Company's total broker loan
production during the three months ended September 30, 2003 was $920.