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 ?
United Wholesale's wholesale production last year was nearly $1 billion more than the second-ranked wholesale lender on IMF's list, the company said.
com)-- REMN Wholesale, a national wholesale lender and platinum sponsor of the NJ mortgage bankers association, greeted a high volume of event attendees entering the mortgage bankers conference yesterday with a plethora of fun giveaways made available at their double booth during the event.
30 September 2010 - The European Commission (EC) insists that German wholesale lender WestLB should offload its real-estate division Westimmo, daily Handelsblatt wrote on Thursday.
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.
11 June 2010 - German wholesale lender WestLB will likely issue EUR500m (USD605m) of three-year bonds through its "bad bank" where it parked its non-performing assets, Boersen-Zeitung reported yesterday citing the entity head, Matthias Wargers.
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.
Wholesale Lender Continues to Provide Loans up to 100 Percent
Think Mortgage, a wholesale lender in Orange, California recently implemented the full VisionCore suite as part of its online broker offering, the Think Tank.
GMAC Bank Wholesale is the first wholesale lender to offer this speedier process to its customers using DO, according to GMAC.
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.
No Red Tape Mortgage(TM), the nation's premier jumbo wholesale lender, is doubling its sales staff, with plans for nationwide coverage to better reach its broker audience.

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