Residential Mortgage Services
The two partners in WNC have over 80 years of experience in the residential mortgage lending sector. During that time, they have developed a deep understanding of the space and strong relationships. They have utilized their experience and relationships to create a number of service offerings that can help improve earnings for mortgage brokers and mortgage bankers.
Lead Purchase Program
Online marketing frequently generates leads from states where mortgage brokers and bankers are not licensed. What do you do with those leads? We have developed a program where you can monetize those leads
States– We purchase leads in every state with the exception of
Programs – All loan types are acceptable with the exception of Non-QM loans
Submission Process-Use a secure web portal for lead submission and tracking
Qualification Process– Quick process to determine viability of lead
Purchase Process-Purchased once lead is qualified
Compensation– Based off schedule. Roughly .50%
Warehouse Funding Lines of Credit
We are marketing partners for three warehouse lenders that collectively offer warehouse lines as low as $1.0 million and as large as you need a line. You can close loans in your own name, no requirement to disclose YSP and have the opportunity earn more on every loan.
Minimum Net Worth– As low as $75,000
Minimum Liquidity-Generally 30% of your Company’s net worth
Per Loan Fees– $150-$200
Interest rate– WSJ Prime or less
Advance Rate– Up to 100% of note amount
Residential Construction Loans
New construction is an ever growing portion of purchase transactions. Construction loan lenders with comprehensive programs and exceptional execution are hard to find. WNC is marketing partner for a National Bank that offers a Nationwide program.
One-Time Close CP’s– The lender offers one time close loans for a number of products.
Two-Time Close Construction Loans-The lender provides the construction loan and allows the referral source to originate the end loan.
Builder Approval Process-The lender has a streamlined builder approval process
Construction Administration– The lender uses a third party loan administration group to handle all draws and inspections.
Compensation– On the two-time close, you get to close the permanent loan. On the one-time close you are paid at closing.
Refer Your Commercial Loans
We know that brokers and bankers receive requests for commercial real estate loans and business loans on a regular basis. WNC offers you the ability to place your commercial real estate loan referrals with an organization with a track record for closing loans. WNC does the work and shares the fees with the referral partner.
States-We process commercial RE loans in all states
Loan Programs-We offer SBA, USDA, Conventional, New Construction, and Hard Money Loa Programs
Loan Amounts – Minimum loan amount of $250K and maximum loan amount of $100 million
Compensation-Referral partners receive fees upon the closing of the loan
Support for Scenario’s– We are available to discuss your loan scenario’s with you or your borrower