We understand the value of relationships because we’ve been on your side of the table. We know what keeps you up at night—higher demand, falling inventory, changing CFPB disclosure forms, Dodd-Frank and Fannie and Freddie’s changing requirements.
The last thing you need is a roller coaster ride from your warehouse lender. We understand the importance of a strong relationship based on trust and responsiveness. Green Bank builds lines and syndicated facilities that meet your changing needs and makes the process a little easier. With a staff that has worked in mortgage companies, we have a perspective that many banks miss or just don’t have.
Plus, we can set up account and treasury management services to increase efficiency and reduce fees.
It is the money a mortgage company borrows to lend to a home buyer for the short period between closing and the sale of the mortgage to the secondary market, usually Freddie and Fannie.
In greater detail, warehouse lending is a short-term, revolving line of credit to a mortgage banking company to fund the closing of home mortgages between the sale closing to sale in the secondary market. The note is used as interim collateral for financing the mortgage until it is sold and delivered to the permanent investor. Sometimes the line of credit is used to purchase a closed mortgage from another originator; the line is still paid off when the loan is sold to the end investor.
Senior Vice President,
Mortgage Warehouse Lending Director
Stan responded quickly when I had deals on the table. His anticipation of the problem and recommended solution saved me from a week of delays if I had jumped to the lowest lender of the week.
--Sally Smith, Reputable Mortgage
Green Bank continues to provide: