Many people ask me, is Walker Commercial Funding a direct lender or a broker? That's a tricky question...in most situations, Walker Commercial Funding is a "correspondent lender." So, what does that mean? That means we don't actually lend the money, but we do a lot more than a broker. A broker merely submits the file.

A correspondent lender does all of the activity a lender would do with exception of a) providing the funds to close and b) issuing the final approval.

At Walker Commercial Funding, we completely underwrite the file to the funder's specifications and deliver what appears to be a closed loan. The only thing we are lacking is the final approval that the loan fits within their "funding footprint" and the funds wired....Essentially, we make the funder's job very easy. We deliver files that are in their strike zone that are completely underwritten and ready to close. We even do the site visits.

That is what a correspondent lender is and does.

Hope this helps you all out there in Active Rainland!

Thanks,

Brian Walker

Walker Commercial Funding

www.walkercommercialfunding.com