Impac Re-Enters Warehouse Business

Impac Mortgage Holdings Inc. has announced that as part of its mortgage lending expansion, it has re-entered the residential warehouse lending business through its new division, Impac Warehouse Lending. Impac Warehouse Lending will provide funding facilities to all lenders, but initially will focus on smaller mortgage bankers and credit unions, including some of Impac Mortgage’s current correspondent customers. Offering warehouse lending will provide added value for Impac Mortgage’s current correspondent customers, as well as increase the capture rate of our approved correspondent sellers’ business. Impac Warehouse Lending will be financing conforming loans along with jumbo loans up to $3 million and high LTV Home Affordable Refinance Program (HARP) products up to 150 percent LTV, as well as providing competitive pricing while being customer service focused.