National Commercial Funding provides warehouse loans in their commercial loan suite. Warehouse loans operate as revolving lines of credit. Mortgage bankers are the primary seekers of warehouse loans. Warehouse loans are short term loans used to fund mortgages.
The following outlines the basic process and flow of warehouse loans.
(1) Mortgage Banker issues mortgages
(2) Funds from the warehouse loan lender are wired directly to fund the mortgages
(3) Mortgages are packaged by the mortgage banker and sold to investors
(4) Funds from the investor mortgage purchase pay back the warehouse loan lender
(5) Process repeats
Warehouse loans give mortgage bankers many opportunities through funding that they couldn’t otherwise have. Mortgage bankers are able to appear as the lender to their customers because they draw their own loan documents with their own company name. Customers are easier to retain because you remain a mortgage banker and not merely a mortgage broker.
With a warehouse loan mortgage bankers have more control over the mortgage process. Loan documents and loan closing documents remain in the mortgage bankers’ hands and they are able to make and deliver on promises to their customers. Mortgage bankers using a warehouse loan are not required to disclose to their customers the rebate pricing they receive on the HUD-1. Warehouse loans are considered secondary market transactions and are exempt from disclosure to the customer by the mortgage banker.
National Commercial Funding is a specialist in commercial loans. National Commercial Funding is America’s #1 source for commercial loans. Contact National Commercial Funding to receive a custom warehouse loan quote. National Commercial Funding representative are experience and knowledgeable in warehouse loans and the warehouse loan process. National Commercial Funding has the experience and knowledge to help you with your warehouse loan needs. Representatives are ready to prepare a custom warehouse loan quote for you today.
