Wholesale Lender

Wholesale Lender

A lender that provides loans through mortgage brokers or correspondents.

See Mortgage Lender/Retail Versus Wholesale Lenders.

References in periodicals archive ?
A champion for mortgage brokers throughout the country, Ishbia's business strategy -- utilizing an inside sales team and committing to a relationship-driven approach, trendsetting technology development, and elite client service -- has helped UWM establish itself as the nation's preferred wholesale lender.
ADPnews) - Nov 20, 2009 - The state of Bavaria is demanding help from Austria in connection with the rescue of troubled bank Hypo Group Alpe Adria (HGGA), which is majority owned by German wholesale lender BayernLB.
Nation's Top Wholesale Lender Adds Unique, 'All in One' Product
As a former broker, I noticed a need within the industry to improve the time-intensive loan search and pricing process in order to maximize loan officers' profits by accurately calculating all pricing variances while selecting the best priced wholesale lender under a single system," said Joel Horn, president of Mortgage Sprit.
Acopia chose the loan origination system (LOS), because it provided the start-up wholesale lender with a flexible and complete end-to-end technology that could grow with the company, which is currently operating in the Southeast, but expects to be licensed in 20 states by March 2008, and serving community banks and small mortgage brokers.
GMAC Bank Wholesale is the first wholesale lender to offer this speedier process to its customers using DO, according to GMAC.
Wholesale Lender Continues to Provide Loans up to 100 Percent
Dynatek's MORvision now provides a seamless connection between wholesaler and broker, streamlines wholesale process flow, integrates processing functionality and provides centralized reporting for the wholesale lender, according to the company.
The LION databases contain over 11 million loan pricing variances and over 11,000 wholesale lender programs.
Think Mortgage, a wholesale lender in Orange, California recently implemented the full VisionCore suite as part of its online broker offering, the Think Tank.
Whereas the retail lender may have 10 to 20 branches to produce a certain volume, a wholesale lender may deal with 100 to 200 independent offices to produce that level of business.

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