Wholesale lenders offer loans to mortgage brokers at a reduced cost than their retail branches offer them to the general public. The mortgage brokers will then usually add their own fee to the loan amount. For the borrower, this means that their loan will cost pretty much the same if they had got it from the broker directly or from the retail branch of the wholesale lender. The advantage of going with the broker is that the broker will be able to help you get the optimal type of loan suited for your current situation. This is usually beneficial for first time buyers or those unfamiliar with real estate financing. More experienced borrowers may be able to negotiate directly with the wholesale lender. Most mortgage bankers and portfolio lenders are also wholesale lenders.

Most mortgage bankers and portfolio lenders also act as wholesale lenders, catering to mortgage brokers for loan origination. Some wholesale lenders do not even have their own retail branches, relying solely on mortgage brokers for their loans.

These wholesale divisions offer loans to mortgage brokers at a lower cost than their retail branches offer them to the general public. The mortgage broker then adds on his fee. The result for the borrower is that the loan costs about the same as if he obtained a loan directly from a retail branch of the wholesale lender. Most mortgage bankers and portfolio lenders also act as wholesale lenders, catering to mortgage brokers for loan origination. Some wholesale lenders do not even have their own retail branches, relying solely on mortgage brokers for their loans.

Mortgage Brokers are companies that originate loans with the intention of brokering them to wholesale lending institutions. A broker has established relationships with these companies. Underwriting and funding takes place at the wholesale lender. Many mortgage brokers are also correspondents, which is why many of them also claim to be mortgage bankers.Mortgage brokers deal with lending institutions that have a wholesale loan department.

Wholesale Lenders programs include; Prime wholesale lenders, ALT-A wholesale lenders; High CLTV wholesale lenders, Nonprime wholesale lenders, Hard Money wholesale lenders, Construction wholesale lenders, Warehouse lines wholesale lenders and Subprime wholesale lenders. Like automobiles and TV sets, home mortgages have wholesale prices. These are the prices quoted by large lenders or "wholesalers" to the many thousands of smaller lenders and brokers who deal directly with borrowers. The wholesale market is extremely competitive, since there are many wholesalers and their prices are constantly being compared. Browse our directory for wholesale loans, lenders and wholesale mortgage lenders to find an appropriate lender to work with today!