Correspondent Lenders are lenders who has a correspondent relationship with several direct lenders and act as an arm of the direct lenders; Differences of direct versus correspondent lender is that the direct lender will service the loan once the correspondent lender sells the loan to the direct lender once it funds the loans
We all understand the impact a top producer can have on a lending team’s bottom line and loan volume. where federal individual assistance programs have been extended. A list of these areas can be.
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