Definition of Warehouse Lender: A business that loans to temporary lenders against some form of security or collateral of closed mortgage loans before selling the loans in the secondary market. This state of flux is known as being "in the warehouse," and warehouse lenders can call these loans if they lose value while in such a state.
Tuesday, March 6, 2012
What's the difference between an Underwriting Syndicate and a Warehouse Lender?
Definition of Underwriting Syndicate: Temporary group of underwriters and investment banks formed for marketing of a new bond or share (stock) issue that is too large for any single entity to handle. It is dissolved after completion of the sale of the securities. Also called underwriting group.
Definition of Warehouse Lender: A business that loans to temporary lenders against some form of security or collateral of closed mortgage loans before selling the loans in the secondary market. This state of flux is known as being "in the warehouse," and warehouse lenders can call these loans if they lose value while in such a state.jdm arizona
Definition of Warehouse Lender: A business that loans to temporary lenders against some form of security or collateral of closed mortgage loans before selling the loans in the secondary market. This state of flux is known as being "in the warehouse," and warehouse lenders can call these loans if they lose value while in such a state.
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