Like Norwest, the company is a relative newcomer to table funding
. The broker business resulted from Fleet's acquisition of Plaza Mortgage.
Ranked sixth in table funding
was CrossLand, at $11 billion.
About 82 percent of its purchased production comes through closed loans; one out of five loans comes from a table funding
. More important still, Norwest is the nation's undisputed champion retailer - preeminent - and for years has dwarfed all others.
Originators without warehouse lines - predominately smaller mortgage brokerages - close mortgages through either table funding
or concurrent funding arrangements.
accounts for 9 percent of its total production.
Here table funding
accounts for the smallest share of the pie--22 percent.
ABN AMRO's InterFirst unit was third-biggest in table funding
with nearly $85 billion.
About two-thirds of its wholesale business comes from table funding
. Chase has backed somewhat away from some closed-loan business, but increased its AOT, mandatory and flow business.
accounts for less than 12 percent of its total production.
accounted for about 30 percent of its wholesale production.
We define wholesale production as all originations obtained through table funding
and closed-loan acquisitions.
accounted for about 34 percent of its wholesale production.