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Profile picture for mdemay
Real Estate Agent
Contributions: 68
Are there any good wholesale Lenders left in California? Who do you like and why?

Thanks.
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October 30 2007 - US

Replies (11)

Profile picture for DebtFreeDave
Real Estate Agent
Contributions: 1312
I like Provident, their rates are awesome and they are fast and efficient. I've never lost a deal when going up against a retail lender when I use them.
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October 30 2007
Profile picture for mdemay
Real Estate Agent
Contributions: 68
Thanks, I'll get a Broker package.
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October 31 2007
Profile picture for mdemay
Real Estate Agent
Contributions: 68
I still need some new Lenders. I had 25, now I'm down to 5. Any other tips?

Check out; http://ml-implode.com, it's an interesting site and lists all the Lenders knocked out. I sure miss Greenpoint!!!
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November 01 2007
Profile picture for DebtFreeDave
Real Estate Agent
Contributions: 1312
What are you looking for? What do you need?
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November 01 2007
Profile picture for ColoradoLender
Mortgage Lender

Lender rating

5.0/5.0

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Contributions: 5893
Zillow All-Star

Since January 2009

I need the regulations and guidelines to go back to what they were 6 months ago......can you do that for me?
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November 01 2007
Profile picture for mdemay
Real Estate Agent
Contributions: 68
I'm looking for a few A-paper, Alt-A and subprime.
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November 02 2007
Profile picture for Hamp Yonce
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Hamp Yonce

Rock Hill, SC

Real Estate Agent
Contributions: 1723
Zillow All-Star

Since November 2009

Provident is going to have to hire a bunch of monkeys to keep up if we keep giving them out to Brokers who don't know.

How many do you need Michael?

The best three has always worked for me. Maybe two more for niche products.

Has anyone used AME out of GA? How about OMG, form VA?
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November 02 2007
Micheal

Inside sources indicate its against the law to lend in California unless you are BOA or Countrywide.

The 'terminator' signed off on a kickback law 3 days ago outlawing any lender in the state other than those 2.
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November 02 2007
Profile picture for mdemay
Real Estate Agent
Contributions: 68
Hamp Yonce: I just want 3 or so Lenders per catagory. A, Alt and Sub.

Tom Davie: Haven't heard. Nor is that listed on our DRE website. I don't CAMB or NAMB would put up with that.
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November 02 2007
Try www.wierdloans.com.
Larry
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November 18 2007
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November 18 2007
 

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