As a mortgage originator, you may be eligible for a warehouse facility if you:
- Are engaged full-time as a residential mortgage loan originator and are properly licensed in the states where you originate mortgage loans if such a license is required.
- Can demonstrate the experience and maintain the personnel to perform document preparation, scheduling, closing, loan processing, post-closing, secondary marketing, shipping and purchase and sale funding.
- Have an existing relationship with at least one qualified takeout investor who is willing to commit to purchase your warehoused loans.
- Maintain a pipeline of loans eligible to be funded by the warehouse facility.
- Meet minimum net worth criteria
Other benefits from a WarehouseOne relationship:
We may assist you in establishing additional takeout investor purchase commitments.
We may also assist you in identifying or developing new lending programs that can increase your loan production.
WarehouseOne is not restricted geographically and can expand with you as you enter new market territories in the United States.
We can structure a warehouse facility to grow with you as your loan production volume increases.
WarehouseOne does not generally impose warehouse facility concentration limits with respect to B and C credit quality loans or first- and second-lien residential mortgage loans warehoused through WarehouseOne.
