Mortgage Warehouse Lending

Patrick Collins

Patrick Collins

Phone: 219.362.0851

pcollins@thelpsb.com

Tschler Jim

Jim Taschler

Phone: 219.362.0852

jtaschler@thelpsb.com


Available Services

  • 24/7 Access to Your Online Warehouse Reporting Services
  • Electronic File Delivery
  • Funding at 100% of Note Amount
  • Same Day Funding Available
  • No Non-Usage Fee
  • Line Amounts from $2 - $30 million
  • Flexible Net Worth Requirements
  • Specialize in Broker to Banker Transactions

Flexible product funding

  • Residential 1 to 4 Family
  • Conventional Loans
  • FHA & VA Loans
  • USDA

Traditional Warehouse Line

Minimum Warehouse Participant Requirements

  • Minimum corporate tangible net worth of $250,000
  • Minimum monthly closed loan volume of $1 million
  • 5 years of mortgage experience
  • In business a minimum of 2 years
  • Clean background checks of Principals and Company
  • Good credit references
  • $500,000 of Errors and Omissions and Fidelity Bond Coverage
  • Lines ranging from $3 to $30 million
  • Personal Guarantees of owners of 10% or more

Broker to Banker or Small Lender Warehouse Line

Minimum Warehouse Participant Requirements

  • Minimum corporate tangible net worth of $75,000
  • Minimum monthly closed loan volume of $1 million
  • 5 years of mortgage experience
  • In business a minimum of 2 years
  • Clean background checks of Principals and Company
  • Good credit references
  • $300,000 of Errors and Omissions and Fidelity Bond Coverage
  • Lines ranging from $2 to $5 million
  • Personal Guarantees of owners of 10% or more

Warehouse Application


Additional Information

To learn more, contact us today!