Frequently Asked Questions

What is a Correspondent Lender?
An institution that utilizes the resources of a mortgage banker to lend in a particular region.

What does a Correspondent Mortgage Banker do?
Prepares the financial package. Underwrites the loan. Facilitates the closing. Services the loan.

Why should I use a Mortgage Banker?
Industry knowledge and experience in preparing financial packages, which will result in the best outcomes for borrowers.

Why wouldn’t I use a Mortgage Banker?
No reason. A Mortgage Banker with Correspondent Relationships is just like walking in to your local bank, only you have more options.

What advantages do I have using a Mortgage Banker?
Loan is exposed to high quality competitive institutional investors, which will provide alternative financing options.

What property types are institutional investors interested in?
All income producing properties: Hotels. Industrial. Manufactured Housing. Mixed-Use. Multifamily. Office. Retail. Self-Storage. Student Housing. Warehouse.