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Correspondent lender

Hebrew translation: חברת הלוואות

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17:47 Jan 15, 2011

English to Hebrew translations [PRO]
Bus/Financial - Business/Commerce (general)

English term or phrase: Correspondent lender

Founded Correspondent Lending company which grew to 1 million dollars in gross commissions per year.

Mario Dekel KudoZ activity Questions: 9 (none open) (1 without valid answers) Answers: 1
Local time: 08:24

Hebrew translation:חברת הלוואות

Explanation:
http://netex.mako.co.il/?c=D695B5B9-43A7-4B00-8CAF-0680DA478...

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Note added at 42 mins (2011-01-15 18:29:06 GMT)
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This could be an option so to speak...

Selected response from:

Phoebe Anne

Grading comment

3 KudoZ points were awarded for this answer

Summary of answers provided

בַּנְק כַּתָּב (בנק למשכנתאות ?) 1

Gad Kohenov

חברת הלוואות

Phoebe Anne

Discussion entries: 5

Answers

40 mins confidence:

correspondent lender

חברת הלוואות

Phoebe Anne
Specializes in field
Native speaker of:

English,

Spanish
PRO pts in category: 3

4 hrs confidence:

correspondent lender בַּנְק כַּתָּב (בנק למשכנתאות ?) 1

Explanation:
בַּנְק כַּתָּב
לועזית: correspondent
בנק שיש לו קשרים ישירים עם בנק אחר, המחזיק בפיקדונות שלו ומבצע שירותים לאותו בנק. (בלועזית: בנק קורספודנט).

prestamista corresponsal מופיע כתרגום לספרדית

: הסבר באנגלית

A correspondent lender is a mortgage lending institution that typically lends money on a mortgage loan, and then sells that mortgage loan to another lender once the loan is closed. There are many variations of a correspondent lender, but the most common is a mortgage banking firm that operates off of a warehouse line. Being a mortgage banker means that the company underwrites and approves their own loans, and lends the money being borrowed. This differs from a mortgage broker, who simply arranges the financing for the borrower, and does not actually lend any money. Bankers are typically financed through a warehouse line of credit. This is essentially a very large (for several million to tens of millions of dollars) line of credit that is used to fund their lending.

http://www.mortgagenewsdaily.com/wiki/Correspondent_Lender.a...

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Note added at 4 hrs (2011-01-15 22:19:52 GMT)
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A correspondent lender is a combination of a mortgage broker and mortgage lender.
שילוב של בנק אפותיקאי ומתווך משכנתאת

כל מקור נותן משהו אחר

Gad Kohenov
Local time: 08:24
Specializes in field
Native speaker of:

French,

Hebrew
PRO pts in category: 20

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Correspondent lender

Hebrew translation: חברת הלוואות

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Correspondent lender

Hebrew translation: חברת הלוואות

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KudoZ™ translation helpThe KudoZ network provides a framework for translators and others to assist each other with translations or explanations of terms and short phrases.

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