Understanding Flow-based Correspondent Lending

We’ve had many inquiries about what direct lenders are and how the bank food chain is set up from top to bottom. To help answer those questions I’ve created a 2 part video that discusses the intracacies of flow-based correspondent lending.

Flow-based lending is typical for small direct, correspondent lenders. Please note that this does not represent all mortgage banking and correspondent banking scenarios it is accurate for smaller flow-based correspondent scenarios.

View the video here.

As always we appreciate your feedback. Stay tuned for the next video in this series which uncovers some of the reasons that people start correspondent lending; and identifies the additional profit centers opened up by the switch.

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[Source: Blown Mortgage]