The wholesaler has hundreds of Correspondent Lenders and is faced with the task of managing hundreds or thousands of Deficiency Notices across various Correspondents every month. The Wholesaler needs to obtain Curatives in a timely manner or face loss of revenue.
Wholesalers have specific different needs and requirements from the Correspondent.
Wholesalers must efficiently address diverse needs by establishing clear communication and streamlined processes with Correspondent Lenders. This involves regular audits and performance evaluations for prompt deficiency identification. A collaborative relationship with Correspondent Lenders enhances their ability to navigate the mortgage industry intricacies and mitigate revenue losses.
