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We’ve had many inquiries about what direct lenders are and how the bank food chain is set up from top to bottom. To help answer those questions I’ve created a 2 part video that discusses the intracacies of flow-based correspondent lending.
Flow-based lending is typical for small direct, correspondent lenders. Please note that this does not represent all mortgage banking and correspondent banking scenarios it is accurate for smaller flow-based correspondent scenarios.
View the video here.
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September 3, 2007 at 4:29 pm
[...] of dollars in additional hidden profit by giving you a higher interest rate than you deserve. Further, many small ...
January 9, 2008 at 10:27 pm
[...] I’m not talking about wholesale mortgage broker loans being put on hold - I’m talking about very large institutions ...