Banks We Work With
We are approved with OVER 90 different banks, lenders and investors on the wholesale side, to get you, our clients, wholesale mortgage rates. This is why some people have jokingly referred to Derek as, "The Human Lending Tree". Let Derek and his team do the shopping for you, don't waste your time calling around to get rate quotes that probably aren't even correct. Loan officers know that you are NOT going to lock in your rate the day you call, you haven't even filled out an application, so they can tell you whatever they want to make it sound good.
TIP - If you are not working with Derek, at least ask for proof of the quote, the rate and what lender credit amount is available at each rate.
Below are just some of the banks, lenders and investors that we close loans with on their wholesale side. As you will notice, many of the bank shown below have retail branches.
So, the question is, would you rather get a low, wholesale mortgage rate or a retail mortgage rate?
For example, you see Quicken below. We get Quicken's wholesale rates (but typically even Quicken wholesale is not that good... just imagine what their retail must be like). Fairway has many retail offices, but we get their wholesale rates, unlike their retail loan officers do. LoanDepot is a retail lender and an in house lender at many real estate offices, but we get their wholesale rates. You see all the big boys up there... CHASE, Wells Fargo, Union Bank, etc., we get their wholesale rates. CMG Financial, Caliber Home Loans, New American Funding .... those are just some more examples of lenders that we get wholesale rates from, but that also have retail offices giving you retail rates.
Edit 3/17/18 - US Bank no longer does wholesale