Topic: Loan Correspondents Correspondent Lenders
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Answers to Common Questions
What is a Correspondent Lender?
It's a mortgage lending business typically lends money on a mortgage loan, and then sells the mortgage loan to another lender once the loan is closed. Read More »
Source: http://answers.ask.com/Business/Finance/what_is_a_correspondent_l...
What is a correspondent mortgage lender?
There are a few ways to secure mortgage financing to buy a home. The most common method is making an application through one of three entities: a mortgage lender, a mortgage broker or a correspondent lender. To borrowers, the differences in... Read More »
Source: http://www.answerbag.com/q_view/2035557
Who are "correspondent lenders " ?
Sandy, Correspondent lenders are mortgage brokers that have an arrangement with larger lenders to underwrite and approve their loans. Larger lenders use this channel to minimize overhead and pass the savings on to you as the consumer. The C... Read More »
Source: http://www.trulia.com/voices/Financing/Who_are_correspondent_lend...
More Common Questions
Answers to Other Common Questions
A correspondent lender close deal in their name with other people money.
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Source: http://answers.yahoo.com/question/index?qid=20070130145128AAuCnJ3
A "correspondent" mortgage lender is much like a mortgage broker in that they have relationships with other mortgage bankers, but instead of simply lining up a borrower with a lender and getting paid for that service, a correspondent lender...
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Source: http://aolanswers.com/questions/mortgage_corresponding_lender_862...
ksh, DY is on the money there. The designation of Correspondent Lender is a mortgage originator that closes/funds the loan in their own name with "their own money". Most times, leverage is used and they actually "borrow" the money from a...
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Source: http://www.zillow.com/advice-thread/Who-are-correspondent-lenders...
hi If you looking for a legitimate online loans in 1 Hour.once approved your loan will be transferred directly to your checking account promptly, and securely. Now you'll be able to use the cash for all your necessities. http://bestonlinelo...
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Source: http://answers.yahoo.com/question/index?qid=20100518160114AA7pM9j
Here is your answer: http://www.mtgprofessor.com/A%20-%20Type… If you don't feel like clicking here is the Copy. Lenders and brokers both perform a variety of loan origination tasks, which include finding, counseling and qualifying borrower...
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Source: http://answers.yahoo.com/question/index?qid=20080117184001AAR16ym
Mortgage brokers can be thought of as independent consultants who match you with a lender. They find new customers, counsel them on appropriate loans, shop for lenders, and process the loan. The processing includes gathering data includin...
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Source: http://www.zillow.com/blog/2009-07-08/what-is-the-difference-betw...
Do you owe money on the asset? Why are you removing the asset? Has it been sold? Has it been scrapped? Has a profit or a loss been made?
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Source: http://www.answerbag.com/q_view/1528949
