Correspondent lender - Wikipedia
https://en.wikipedia.org/wiki/Correspondent_lender
WEBCorrespondent lender. A correspondent lender originates, and unlike a mortgage broker, underwrites, and funds mortgage loan using their own funds. [1] The initial loan is usually made in the name of the correspondent lender, and then after closing, the loan is either sold to a larger primary lender or on the secondary mortgage market.
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