Launch of Mortgage Warehouse Network offers solution for banks to quickly enter the warehouse lending industryMortgagePress.comMortgage Warehouse Network, warehouse lines, Dennis Ferstler, banks, Jeff White
Mortgage Warehouse Network has launched a first-of-its-kind
"turnkey" solution that includes the back office operations,
systems and experienced personnel that banks need to establish and
maintain highly profitable warehouse lines quickly, safely and
economically. With this ready-to-deploy solution, Mortgage
Warehouse Network is providing banks with a fast, safe and simple
way to get into one of the most profitable lines of business in the
banking industry, at a time when the industry is in dire need of
warehouse lending sources.
"In these times of low interest rates and surplus capital, banks
are looking for ways to bring higher returns on equity while still
staying in safe investments," says Dennis Ferstler, Mortgage
Warehouse Network's chief executive officer. "Mortgage Warehouse
Network answers that need and provides exceptional return-on-equity
based on a safe business platform. Many banks are discovering that
warehouse lending is not only one of the most lucrative, profitable
and safe investment areas for banks, its also now fast and easy to
Mortgage Warehouse Network's ready-to-deploy solution allows
banks to establish a warehouse line, without the investment, time
and development effort involved in creating an entirely new bank
division from the ground up. With Mortgage Warehouse Network, banks
have the ability to fund their first loans within 60 days of
signing up. Mortgage Warehouse Network provides the systems,
policies, procedures and human capital required to initiate and
maintain a warehouse line, in addition to providing the financial
modeling and managing the ongoing credit analysis.
"We are essentially boarding single family mortgage loans at a
discount for an average of 15 days," says Jeff White, chief
operating officer of Mortgage Warehouse Network. "A lot of banks
are interested in entering the warehouse lending space, but simply
don't want to go through the time, hassle and financial commitment
of creating an entirely new division. Now they dont have to.
Mortgage Warehouse Network gives fast, simple and economical way to
capitalize on the industry's demand for warehouse lines, while
helping restore health to the housing industry."
Mortgage warehouse lines provide banks with a unique opportunity
for to earn high returns on short term investments on single family
mortgages, while leveraging under-utilized equity. "From a risk
standpoint, the warehouse lending business is now one of the best
businesses a bank can be in because the industry is only funding
safe, pre-approved agency paper," adds White.
Mortgage Warehouse Network is offering a limited number of
strategic alliances for qualified banks interested in entering the
warehouse lending space.
For more information, visit www.MortgageWarehouseNetwork.com.