Term: Correspondence Program  

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An arrangement or partnership between a lender and mortgage broker or correspondent lender allowing correspondent lenders to originate loans on behalf of the lender while following set guidelines created by the lender. The arrangement usually involves where the originator will temporarily fund the loan with their own capital and sell the loan to the correspondent lender.  

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What is the difference between Table Funding, White Labeling, Wholesale, and Correspondent Lending?
What is the difference between Table Funding, White Labeling, Wholesale, and Correspondent Lending?

What is the difference between Table Funding, White Labeling, Wholesale, and Correspondent Lending?

Written by Nema Daghbandan Esq. CEO of Lightning Docs, and Melissa Martorella, Esq. Partner of Fortra Law If you are a private lender, you have probably heard a combination of …

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