Webinar November 7, 2018

Warehouse Lines of Credit: Drafting Financing Agreements, Custodial Agreements, Reps and Warranties

Event Detail
Michael A. Calandra, Jr.
November 7, 2018

Warehouse lines of credit facilitate much of the mortgage lending done in the U.S. A warehouse line of credit is a short-term revolving credit facility extended by a financial institution (usually a bank) to a mortgage loan originator (often referred to a “mortgage banker”) for the funding of mortgage loans. The typical mortgage borrower may perceive the loan originator as the lender and, from a licensing and regulatory perspective, that is entirely accurate. The borrower may be unaware, however, that the loan originator may draw upon on a warehouse line to fund a substantial portion of the underlying mortgage loan.

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Meet The Speakers
Media Contacts
Nicholas Clarke
Senior Communications Manager
Phone: 212.210.1222
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