A new directory lists wholesale lenders, their Web sites and their program offerings. One wholesaler is looking to an outside firm to monitor its mortgage brokers, and three wholesale lenders have become customers of one appraisal management company.
The launch of a new wholesale lender directory by MortgageDaily.com includes 30 wholesale mortgage lenders. An alphabetical table includes links to news about a particular wholesaler and the company’s Web site. Larger and publicly traded lenders also include a link to a company profile.
In a matrix format, wholesale program offerings are outlined. Other wholesale lenders covered in future MortgageDaily.com stories will be added to the directory.
MortgageDaily.com recently partnered with Mortech Inc. to provide a free pricing engine. The lowest available wholesale interest rates are listed in the results, though the wholesale lenders are not. Customers of Mortech will see search results from wholesalers with whom they are approved.
Comergence Compliance Monitoring will monitor profiles of third-party originators and manage all reviews for Walla Walla, Wash.-based NetMore America Inc., a Feb. 9 statement said.
NetMore Chief Strategy Officer Lisa Schreiber said in the statement that Comergence’s platform will mitigate risk, lower the cost of the third-party-originator approval process and increase its base of customers.
A March 4 announcement indicated Genworth Home Equity Access Division, a “top-tier wholesale mortgage company,” has become a customer of Lincoln Appraisal & Settlement Services. Genworth is a reverse mortgage lender.
A month earlier Lincoln, an AMC, said it added InterBank Lending as a client. The Chicago-based wholesaler is reportedly “adamant about developing strong and lasting partnerships with outstanding mortgage brokers” and is looking to Lincoln to help it maintain quality service.
And in January, Lincoln announced that it won a competitive selection process by wholesale lender JMAC Lending.
