Lend America, an FHA lender, just launched the FHA concentrated correspondent residential mortgage lending platform. The said platform will purchase closed loans from selected FHA direct endorsed lenders. The purchasing of closed loans will be done by Lend America Mini Ginnie Correspondent.
The two loan acquisition strategies that will be used are: Flow and a unique Bulk Acquisition Program that is complete with an online bulk pricing simulator. This will give correspondent lending partners the needed new quality outlet.
It has been estimated that the first batch of loans will be acquired by the 15th of October.
Take note that Lend America Mini Ginnie Correspondent is not related to GNMA.
