Bay to Bay Lending Tampa Is Hiring

By
Real Estate Broker/Owner with McBride Kelly & Associates Realty
Tired of working for a company who doesn’t support you? Have the products needed for your survival? Does your current company not market for your next deal? Click the below image to learn more about Bay to Bay Lending! Tampa Bay’s best mortgage resource!


The difference between the "Broker" and "Banker" is the banker's ability to use a short term credit line (known as a warehouse line) to fund the loan until they can sell the loan to the secondary market. Then they repay their warehouse lender, and obtain a profit on the sale of the loan. The borrower will often get a letter notifying them their lender has sold or transferred the loan. Bankers who sell most of their loans and do not actually service them are in some jurisdictions required to notify the client in writing. For example New York State regulations require a non servicing "banker" to disclose the exact percentage of loans actually funded and serviced as opposed to sold/brokered.

Posted by

Brian McBride

Broker/Owner

501 S Dakota Ave #5

Tampa FL 33606

813-493-0507

www.mkarealty.com

 

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