3 ms·
You get a special account from a bank called a warehouse that you pull your loans from. It's not an easy account to get. But you basically find a bank that can
by neximo64 5y ago
You get a special account from a bank called a warehouse that you pull your loans from. It's not an easy account to get. But you basically find a bank that can offer one (e.g https://www.usmetrobank.com/warehouse-lending/ https://www.usmetrobank.com/warehouse-lending/ - specifically for lenders offering mortgages). You agree to the terms you will lend the loans out, have collateral, etc.
Then you lend it out from there to customers based on the terms you agreed with the bank.
- whoisjuan 5y agoThanks for the reply. This makes sense. Is there an specific way to shop for a warehouse account? It’s this something that is offered in some productized way? For example, the bank you shared above doesn’t seem to have inbound sales, so it’s not clear to me how would your shop for this type of account.