The wholesale division of Lakeview Loan Servicing LLC will integrate with Silver Hill Funding to offer a diverse range of conventional, Non-QM, and small-balance commercial loan products under the Silver Hill name, Lakeview announced Monday.
The suite of wholesale mortgage solutions is immediately available for mortgage brokers through the new Silver Hill Wholesale Network.
The network team is positioned to make a major impact in the wholesale mortgage industry as interest rates rise and brokers seek alternative strategies to diversify and grow their business, the companies said.
In addition to being a pricing leader in the real estate market, the network’s “one-stop shop” framework gives originators easy access to the investor programs customers need and the resources they need to adopt commercial loans into their business tomorrow, they said.
“Our seamless transition to becoming a full-service solution provider will make us more agile and even better equipped to meet the evolving needs of our broker customers, while providing them with a simplified transaction process and the tools to grow their mortgage business,” said Leslie Smith, managing director of Silver Hill and the Silver Hill Wholesale Network.
While the business platforms may be transitioning, the overarching mission is still the same, company officials said.
“Nurturing our broker relationships and providing top-quality service is at the forefront of every loan we close,” said Greg O’Connor, head of wholesale lending at Silver Hill. “Brokers who partner with Silver Hill will continue to experience our high level of customer care as we enter a new era of wholesale lending.”
Information about Silver Hill and the Silver Hill Wholesale Network, including program guidelines and eligibility, is available at shwholesale.com.
As both a direct and wholesale mortgage lender, Silver Hill offers a mix of wholesale commercial and 1-4-unit investor loan products.
Lakeview is a member of the Bayview Companies, which include parent company Bayview MSR Opportunity Master Fund LP and certified minority-owned firm Bayview Asset Management. Bayview Asset Management, founded in 1993, is a mortgage investment firm focused on investments in mortgage credit, including whole loans, mortgage and asset-backed securities, servicing rights, and mortgage-related equities. It has over $14.9 billion in AUM as of June 30, 2021.
