Wholesale Lender Definition


A wholesale lender is a lender who has the funds for extending loans and employs mortgage brokers to find their loans. A large lending institution may have a retail and a wholesale lending division.

Wholesale lenders specialize in different type of loans. The following are examples of different wholesale lenders categories:

  • Subprime
  • Reverse mortgage
  • Alt-A
  • Manufactured homes
  • Commercial
  • Investment properties
  • Multi unit
  • Raw land, etc.

Wholesale lenders offer the best mortgage rates but a borrower usually works with a retail lender, correspondent lender or a mortgage broker. Thus, they have to pay the loan provider's fee which would be avoided if wholesale lender was directly contacted.

Mortgage rates hit their lowest since 1955. Ask the home loan experts we recommend Quicken Loans how to take advantage of them.
Was this Mortgage QnA helpful?
Not at all
  • Currently 3/5 Stars
  • 1
  • 2
  • 3
  • 4
  • 5
Add to this Answer

Mortgage QnA is not a common forum. We have special rules:

  • Post no questions here. To ask a question, click the Ask a Question link
  • We will not publish answers that include any form of advertising
  • Add your answer only if it will contrubute to the quality of this Mortgage QnA and help future readers
If you have trouble reading the code, click on the code itself to generate a new random code. Verification Code Above:
Bookmark and share this QnA: