Who Wins When Wholesale and Correspondent Investors Compete For Volume?
The current market for loan volume continues to get more and more challenging for all of us. Increasing rates, limited inventory causing home prices to remain high even when they should be falling, and inflation – ugh, did I mention inflation!
But there is a silver lining to this cloud for originators – that is if you are on the right side of the equation.
Independent mortgage banks like Loan House provide full, unfiltered access to its correspondent investors so originators can run best-ex scenarios to insure they are able to offer their borrowers the absolute best terms in the market! “It is like being a mortgage broker on steroids,” claims Nelson Haws, Founder and CEO of Loan House. “The MLO runs the pricing scenario, picks the best investor, and then Loan House underwrites and funds the loan. MLO’s get the best pricing as if they were a broker, but then Loan House funds the loan and gives them all the benefits of being a banker.”
So, who wins when the major secondary investors go to war for production? Loan House originators, that’s who!
Want to see what some of the sharpest pricing offered to loan originators in the market looks like? Click the link below.
Stop losing loans because the lender you are working for is stepping on the margins. Take back control of your origination business and make the money you deserve for bringing in the loans!