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LendingRisk.com Mortage Industry Dictionary

Terminology, definitions, terms, explanations, and documents for business professionals in the mortgage lending and mortgage risk management industries.

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Warehouse Line of Credit

Mortgage brokers and other financial institutions make mortgage loans that are then sold on the mortgage secondary market. After the loan is made, but before it is sold to an investor on the secondary market, the loan is held in the lender's warehouse via a line of credit. This warehouse line of credit allows the lender to 1) make the lending decision and 2) sell the loan to which ever investor is offering the best price.

See Correspondent Lending Overview
See Mortgage Secondary Market
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Terminology, definitions, terms, explanations, and documents for business professionals in the mortgage lending and mortgage risk management industries.