Home Warehouse Terms
Warehouse Terms of Use


No Application Fees + No Minimum Usage Requirement + Only $50,000 Net Worth

Terms PDF Print E-mail


Customers must first complete our Application and supply the information required on our Checklist to become eligible for our warehouse funding facility. We also require executon of our services agreement which we will email to you after we review the Application. After we approve you into our program, we will send you our lenders' Loan Purchase Agreement. The following table summarizes the key terms of the warehouse funding facility:


  1. No upfront fees, therefore there is no risk to you to apply.
  2. Warehouse Line = $1 million to $10 million.
  3. Minimum broker net worth = $50,000 - this is the lowest in the industry.
  4. No personal guarantees and zero margin money or buy down.
  5. USDA, FHA, VA, and Conventional loans accepted.
  6. No minimum monthly sales volume is required; no fees if you don't use the warehouse funding.
  7. The mortgages must be servicing released.
  8. We have the right of first refusal to buy the loans.
  9. A marketable first lien mortgage with unrestricted title is required.
  10. Conventional homes and manufactured homes accepted.


You originate the loans and process them; we underwrite the loans, prepare closing and post-closing documents, perform QA and QC, and wire the mortgage funds to the title agent or escrow agent at closing. You close the loan in your name! A big advantage of our program is that we buy your loans after closing when we receive the complete post closing document package, including the title assignment and allonge. You do not have to hold the loan until your investor buys it from you.  Normally we already have an investor lined up before you close, and in many cases we already have the loan sold at closing.


We can issue the Warehouse Funding within 72 hours after approval of your Application and get it ready for use within a few days after that. Typically, the total time to finalize the process is no more than a week, or 2 weeks tops.


To get started, simply complete our Broker/Correspondent Application and Checklist and Checklist and email the info to us. After we receive the completed Application and Checklist, we will call you to discuss your specific needs regarding the Warehouse and get you set up to start funding your loans.




We provide comprehensive mortgage services you can depend on


Residential mortgage

manufactured homes

Last Updated on Tuesday, 13 October 2015 10:57

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