Correspondent Lender | Mortgages and What Is A Bad Loan

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Difference between correspondent lenders and mortgage brokers

Written by Timothy Blake on January 01, 2010 under Definitions

Correspondent lenders are small lenders who do have the right to extend loans on their own risk and have the necessary funds to do so. After a loan is closed a correspondent lender will rarely keep it in their portfolio, selling it to a larger wholesale lender.

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Mortgages and What Is A Bad Loan

Posts Tagged ‘correspondent lender’

Difference between correspondent lenders and mortgage brokers

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