by: Ruth Lee
I am asked this question a lot. And frankly, there are very few credible options for a small cap mortgage banker to find a non-captive line. A bright spot in the market is GBC Funding in Atlanta, GA; and they have capacity! I recommended a client to them three weeks ago – and he has been approved and is working on correspondent approvals. That was a testament to his personal integrity and credit quality – but it is nice to have the option open again.
GBC Funding has innovated in a sector of the industry completely underserved – the emerging banker. They do this through sound due diligence tempered with common sense credit underwriting. The understand that a clean broker will be an even cleaner banker. If using an outsource company like Titan, the risk is minimal for closing errors and omissions, compliance and regulatory issues.
As such, GBC targets the best of the best but their initial discussion does not start and stop with net worth. They believe in relationships, long term relationships that are beneficial to both parties. Emerging bankers are plentiful – but the warehouse lenders open to embracing their learning curve are not. GBC offers a cross-investor line with competitive low volume pricing, very reasonable documentation requirements and up to 100% funding – no haircuts. Our clients have huge success with GBC Funding as a partner.
Please visit our partners page for a direct link to GBC Funding.
