The Profit Potential in Warehouse Lending
ByPosted To: The Garrett Watts Report
Over the weekend, I asked my wife about the most memorable place we’d visited in the last 10 years. We’ve had the opportunity to see many places around the world and this one is very special. Do any of you know the place in the image below? See the answer below… The answer is Iguazu Falls on the Argentina / Brazil border. SEE MORE We talked yesterday about the opportunity for community banks to partner with a mortgage banker. If a community bank is not interested in the mortgage banking aspect, they should look at warehouse lending only. Let’s look at three revenue components of a warehouse lending program, assuming $10 million in outstanding for a mortgage banking customer: 1. Let’s assume a 3.00% spread. You’ll probably do better, but let's be conservative…(read more)