warehouse lending

Fast, flexible warehouse lending solutions to help your mortgage banking business grow.

 

ResX Warehouse Lending, a division of The Provident Bank, gives independent mortgage bankers an opportunity to build stronger relationships with clients by providing fast, flexible interim financing. With a team of professional warehouse bankers and the strength of The Provident Bank, ResX Warehouse Lending has the resources and expertise to help your mortgage banking business survive and thrive.

 


 

Warehouse Lines of Credit

 

A warehouse line of credit is a commercial credit facility that helps a mortgage loan originator extend financing to borrowers without using their own capital. A warehouse line of credit is a form of asset-based lending that provides short-term funding between the time of a mortgage’s closing and the time the loan is sold to a secondary market investor. The amount borrowed can be paid back when the mortgage is sold.

 

The following types of residential mortgages can be warehoused with your line of credit:

  • Federal National Mortgage Association (FNMA)/Federal Home Loan Mortgage Corporation (FHLMC) eligible 1-4 family conventional loans

  • FNMA HomeStyle Renovation, FHLMC Renovation and Federal Housing Administration (FHA) 203 (k) loans

  • U.S. Department of Housing and Urban Development (HUD) eligible FHA, Veterans Affairs (VA) and United States Department of Agriculture (USDA) loans

  • Jumbo loans

  • Non-quality mortgage (QM) loans

  • Fixed rate second mortgage loans

  • Manufactured home loans

 


 

Prompt, Personal Service

 

A warehouse line of credit can help you keep pace with your funding requirements. Our warehouse lending services give you the ability to close mortgages in your own name, streamline the origination process and better serve your clients.

 


 

Partner with Warehouse Lending

 

When you partner with ResX Warehouse Lending, you can be confident you will have access to the products and support you need to keep your mortgage banking business growing strong. Our warehouse lines of credit can help you increase efficiency, be more responsive to clients and maintain a competitive advantage.