Do wholesale mortgage lender AE’s use

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If you’re a wholesale mortgage lender AE, where do you look for business? Do you go to any websites where brokers are looking for lenders that can do a particular loan? If so, what websites do you go to?

Hi, I am ready to open an escrow (in Los Angelos Aear) & looking for a best rate of conforming loan.
My wife & I both have 770+ credit, and 30% DWN. Please help me if you have or know the best mortgage broker who has CA Lic that can help me to find the best rate in the market. thank you so much

  1. Reply
    February 9, 2011 at 1:48 am

    Dear Yoli,

    That’s a good question. Scottsmanguide is a great match up tool to see what lenders provide what programs. I’m sure that any good broker will use many resources to keep up with lender trends and programs.

    My experience tells me that usually when wholesale mortgage lenders find a few investors to work with, they will stick with them if they prove reliable. Good service is hard to find.

    Hope this helps.

  2. Reply
    Ed Atun
    February 9, 2011 at 2:43 am

    For conforming loans, you will get 6.5% today. I don’t think that Yahoo allows us to give out recommendations; just to answer questions asking for facts..

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