Broker and Correspondent Channels
Having more than one execution channel means a file is less likely to stall because a single path does not fit the borrower or the product.
Both channels may be available
Broker and correspondent channels may be available based on current company approvals, product eligibility and investor requirements.
What determines the channel
Channel selection is a per file decision, not a blanket setting on your account.
- The loan itself and the borrower profile
- Current company approvals
- Product eligibility
- Investor requirements
What to discuss before choosing a channel
Describe the channels you use today and where your current setup limits your business. Ask an authorized representative to confirm which approved channels fit your production and the states where you originate.
Exact fees and compensation terms depend on the approved position, channel and written agreement. This page does not describe transaction-specific compensation or disclosure treatment.
State, product and channel eligibility are confirmed for each transaction. Nothing on this page is an offer, an approval or a guarantee of any outcome.
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