By utilizing the power of a collaboration gateway, which is specifically designed to better facilitate the needs of both the correspondent lender
and the purchasing institution, sellers can obtain current prices, make a lock request, and take advantage of a systematic and instantaneous transmission of their loan packages.
Nunnery added that the kind of due-diligence capability that is needed for a correspondent lender
is a means to check for things such as whether the originator holds a current license in the state where the loan was originated.
Financing was based on a 7-year term and a 30-year amortization schedule and was arranged for the borrower by NorthMarq through its relationship with a Correspondent Lender
According to Kladde, correspondent lender
MIE Financial is an example of adaptation to the new realities of mortgage lending.
Allstate Insurance Company, a correspondent lender
Melody correspondent lender
in New England, refinanced its existing loan balance and advanced additional proceeds to the borrower, FRG Associates, LLC, at an attractive blended interest rate.
3% fixed-rate loan to be serviced through Allstate Life Insurance Company, a correspondent lender
to secure the 10-year, six-month forward, fixed-rate loan through Protective Life Insurance Company, a correspondent lender
Our correspondent lender
, Allstate Life Insurance Company, recognizing Hartz's investment and the new lease value in the building, funded the loan prior to AIU's occupancy based on the time when the rent would commence.
Freedom Mortgage launched the co-issue program in February of this year to support the continued growth of its correspondent lenders