What is Wholesale Origination?

In case you're buying a house for the first time or you're still working on building your empire, you would be surprised by the number of available financing options for your housing. There is a long list of even the types of mortgages that you can opt for, along with a variety of lender options. This would include one significant type you might not have heard before- wholesale originators or wholesale lenders.

Wholesale origination and banking generally refers to banking that goes between financial institutions and banks.

Mortgages have two different types of channels to go forward with: wholesale and retail. Retail loans come from a lender and are handled in-house with the financial institution. Borrowers apply for loans from that lender, and if got approved, the same lender cuts the check for them.

Think of these as your standard bank mortgage that you generally apply to. You must submit your application at the bank, get approved, and pay that same bank back.

On the other hand, Wholesale loans come from a bank or institution but do not deal directly with consumers. These loans start when a lender has a lot of money that they use into mortgages.

Since wholesale lenders don't directly deal with consumers, you can't just apply for a wholesale loan. You'll need to look for a third party with services including these types of loans. Most often, your best bet is to connect with a mortgage broker in your area. One of their main jobs is searching for the best rates/ conditions for borrowers and acting as a middleman. Contact our experts to know more about inteliquent and everything around.

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