Your Mortgage Made Easy

Wholesale mortgage companies work differently. Instead of dealing with individual borrowers (homeowners), they deal with the lending companies. A wholesale mortgage broker works as a third-party intermediary between borrowers and lenders.

A wholesale home loan broker searches for a bank, credit union, or other financial institution that offers the best or most appropriate terms for the borrower. When the agreement is struck, the wholesale lending company is responsible for setting the terms for the loan that the lenders must match.

As the brokering agent, the wholesale lender is the main point of contact between the borrower and financial institution providing the loan. The wholesale mortgage company’s name is on all the documents, and it handles all the administrative functions related to the loan throughout its existence.

The wholesale broker and/or lender funds the upfront loan themselves. Shortly after the real estate deal closes—usually within a month or two—the wholesale lender usually resells the loan in the secondary mortgage market. This is how they generate capital so they can continue to make loans; it also helps to mitigate associated risks.

Why would a homebuyer use a wholesale home loan mortgage broker?

Shopping for a mortgage is demanding work for a homebuyer to take on themselves. They would have to come up with a list of potential lenders, compare all their criteria, and conduct all the necessary negotiations themselves. Furthermore, a prospective homeowner probably doesn’t have complete information about the number of different financial institutions or mortgage options they may be able to take advantage of.

A wholesale home loan mortgage broker takes care of all those responsibilities. They have access to a large database of prospective lenders and are fully informed about the mortgage options that may be available to you. Wholesale brokers look for lenders who offer the most favorable interest rates and terms for your mortgage and handle all the day-to-day responsibilities of managing the loan. They’re better able to come up with creative borrowing solutions that fit your specific needs as a homebuyer.

Benefits of using a wholesale home loan broker

Homebuyers using wholesale mortgage brokers gain a lot of advantages over those who use retail mortgage solutions:

1. Access to more options and creative solutions. Wholesale brokers have the depth of experience to find unique loan arrangements for every prospective buyer, especially those who may have special needs or requirements they can’t get from a retail lender.
2. Lower interest rates. In many cases, using a wholesale mortgage broker can result in more favorable conditions for loan repayment, including cheaper interest rates.
3. Looser lending requirements. Wholesale brokers can line up loans for all sorts of homebuyers, especially those whose financial or credit histories might not be sufficient for retail lenders.
4. Lower risk. Since wholesale mortgage brokers sell their loans to the secondary market at a slight profit, it represents a less risky option for the homebuyer.
5. More personal focus and service. With a wholesale broker, you deal with a single point of contact that gives you more unique attention, working with you more personally than a large lender would.

Colorado Lending Group and myself focuses on our borrowers specific needs that meet their personal situation. We provide all the information and administrative support they need to make the right decisions for their home loans. Our wholesale mortgage customers enjoy total transparency, timely service, thorough administration, and ongoing guidance throughout the term of their loan. My understanding of local homeowners’ needs is what distinguishes myself and Colorado Lending Group as a highly reputable mortgage company in Colorado Springs.

Why choose Colorado Lending Group as your wholesale mortgage broker

Colorado Lending Group, which is based in Boulder, CO, is a statewide network of knowledgeable, locally-based loan officers who serve the communities where they live. Our representatives have access to every wholesale lender in the area and are always happy to find new wholesale lenders to do business with.

We educate home buyers on all of their options and alternatives with wholesale mortgages and are experts at finding solutions for borrowers in unique or tricky situations. Colorado Lending Group associates like Loans By Ryan assist residents in obtaining and keeping the homes they want and deserve.