Wholesale Mortgage

Wholesale Lending

Wholesale Lending refers to the process of offering loans to mortgage brokers or financial institutions, who then liaise with borrowers directly. This practice, also known as wholesale mortgage, involves the mortgage lender extending credit to a mortgage broker’s financial institution. This entity acts as an intermediary between the lender and the borrower.

In this setup, the mortgage broker’s financial institution manages the loan application, underwriting , and closing processes. Meanwhile, the lender is responsible for providing the funds needed for the loan. This arrangement benefits lenders by enabling them to tap into a broader market. It also leverages the brokers’ expertise in handling loans, ensuring a more efficient and effective lending process.

What Is Wholesale Lending?

Key Characteristics of Wholesale Lending

• B2B Structure. Unlike retail banks that lend directly to the public, wholesale lenders work with mortgage brokers and smaller financial institutions.
• Competitive Rates. Because of the bulk nature of their funding channels, wholesale lenders can often offer reduced rates and fees to brokers, who may pass these savings on to borrowers.
• Diverse Product Range. Wholesale lenders typically offer a wide selection of loan programs—from conventional to government-backed options—enabling brokers to match unique borrower profiles with suitable financing solutions.
• Streamlined Process. Brokers handle borrower interactions and document gathering, while wholesale lenders manage underwriting and funding, creating an efficient division of labor.

How Wholesale Lending Differs from Retail

1. Funding Flow. In retail lending, banks provide money directly to borrowers. In wholesale lending, funds originate from wholesale lenders and are channeled to borrowers through mortgage brokers.
2. Customer Experience. Borrowers typically have a single point of contact—a broker—who shops around with multiple wholesale lenders on their behalf. This can lead to more personalized guidance.
3. Flexibility and Choice. Brokers can offer an array of mortgage solutions because they partner with various wholesale lenders, unlike retail banks that usually feature a more limited set of products.

Benefits of Wholesale Lending

• Cost Savings. The potential for lower interest rates and minimized fees is a core advantage of wholesale lending.
• Specialized Expertise. Mortgage brokers often develop niche specialties, helping borrowers go through specific situations or loan types more effectively.
• Varied Loan Options. Wholesale lenders often accommodate different credit profiles, down payment capacities, and property types, ensuring a suitable fit for a wide range of borrowers.

How the Wholesale Mortgage Process Works

1. Broker Consultation. Borrowers consult with a mortgage broker who evaluates their financial background and loan requirements.
2. Loan Application. The broker submits the borrower’s application and supporting documents to one or more wholesale lenders.
3. Underwriting. The wholesale lender reviews the application, checking credit scores, income statements, and property details.
4. Rate Lock Approval. Upon approval, the broker locks in an interest rate and finalizes loan terms with the mortgage lender.
5. Closing. Documents are signed, and funds are disbursed. Depending on regulations and agreements, the loan may close in the broker’s or the lender’s name.

Who Benefits Most from Wholesale Lending?

• Mortgage Brokers. Gain access to a larger pool of loan options, which helps them serve a broader client base.
• Borrowers. Potentially enjoy lower interest rates, customized mortgage solutions, and dedicated broker guidance.
• Wholesale Lenders. Increase their market reach through partnerships with brokers, without the overhead costs of a retail branch network.

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Carrington Wholesale

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YOUR

FIRST LOOK

FOR NON-QM

We’re built for real-life borrowers: the self-employed, real estate investors, income-diverse and credit-challenged clients whom conventional lenders often overlook. When you start with us, you tap into comprehensive, Non-Stop Non-QM solutions. Let’s work together to grow beyond the conventional – with a mortgage for every lifestyle.

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Want to close more loans with more efficiency? Thought so. ProcessIQ propels complicated and time-sensitive loans through your pipeline faster by letting our team of experts work directly with your borrower. Its the smarter way to work harder.

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YOUR

FIRST LOOK

FOR NON-QM

We’re built for real-life borrowers: the self-employed, real estate investors, income-diverse and credit-challenged clients whom conventional lenders often overlook. When you start with us, you tap into comprehensive, Non-Stop Non-QM solutions. Let’s work together to grow beyond the conventional – with a mortgage for every lifestyle.

From Impossible To Easy

Non-QM Loans

Carrington’s industry-leading expertise is at your disposal. Explore our full suite of non-QM solutions designed to work for even your most unconventional borrowers.

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Government Loans

From VA, to USDA, to every type of FHA, we’ve done it all and then some. Our team has a vast wealth of experience navigating government loans to help you bring them home.

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Conventional Loans

If we can make tough loans seem easy, imagine what we do with the easy ones. Carrington offers a wide variety of conventional loan products to fit the needs of your borrowers.

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About Us

Carrington Mortgage Services LLC is an industry-leader in the Non-QM market. We leverage our extensive experience and expertise to help our partners take their business to new heights.

NEWS AND EVENTS

July 26, 2025

applications increased 0.8% from one week earlier; new listing fell 3.2% to their lowest level in two years; sales of previously owned homes in June fell 2.7% .

July 19, 2025

applications decreased 10.0% from one week earlier; the Mortgage Credit Availability Index fell by 1.3% to 103.7 in June; new home applications increased 8.5% in June; homebuilders .

July 12, 2025

applications increased 9.4% from one week earlier; pending sales fell 3.5% year over year during the four weeks ending July 6; home prices held steady last week, .

June 28, 2025

of new single-family homes decreased 13.7% to a 623,000 annualized rate last month, a seven-month low; sales of previously owned homes rose very slightly in May, up .

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The content of this website is intended for licensed third-party originators or brokers only and may not be duplicated or disseminated to the public. Carrington Mortgage Services, LLC is one of the leading wholesale mortgage lenders.

Government Agency Approval | FHA Non-Supervised Mortgage Approval #: 24751-0000-5 | VA Automatic Lender Approval #: 902324-00-00

United Wholesale Mortgage | Add college savings to your benefits

Davenport University is committed to removing barriers so you can advance your career.

Davenport University has dedicated over 150 years to partnering with top employers to design degree programs that prepare you for successful careers. Today, we continue these efforts through our 100+ degree and certificate programs that establish the skills and real-world experience employers desire.

We are passionate about helping you advance your career through affordable, accessible, career-focused education. We’re committed to removing barriers so you can continue your education.

Therefore, Davenport University has partnered with United Wholesale Mortgage to offer an exclusive corporate partner scholarship program to save you time and money as you work to complete an associate, bachelor’s or master’s degree, or while you pursue professional training to enhance your skills and gain industry-recognized certifications.

Are you ready? Apply now

Scholarship benefits at a glance

Davenport University is proud to be recognized as a veteran-friendly school by the Michigan Veterans Affairs Agency (MVAA). As part of our commitment to military personnel and veterans, Davenport University awards scholarship benefits to all employees of MVAA veteran-friendly employers.

As an employee of a gold-level veteran-friendly employer, you are eligible for an exclusive scholarship to make a college degree more attainable.

Gold-level benefits (employees) *

• Up to $8,000 toward tuition
• Scholarship is prorated by credit and renewable for up to 22 credit hours per academic year
• 20% discount on professional development workshops, certificate programs and other non-credit training opportunities
• No application fee

Gold-level benefits (family members) *

• Up to $6,500 toward tuition
• Scholarship is prorated by credit and renewable for up to 22 credit hours per academic year
• 20% discount on professional development workshops, certificate programs and other non-credit training opportunities
• No application fee
• Davenport University defines family members as a spouse or any son, daughter, stepson or stepdaughter who is 29 years old or younger

Next steps

Step 1 | Apply for admission to Davenport University

• Be sure to identify United Wholesale Mortgage as your employer

Step 2 | Receive notification of your acceptance to the university

• Once accepted, you will receive information on your student ID and login. This will be utilized to apply for the corporate partner scholarship

Step 3 | Register and enroll in classes

Step 4 | Apply for the corporate partner scholarship

Learn more about this exclusive corporate partner scholarship program here.

Advance your career

The corporate partner scholarship program with Davenport University opens doors to personal and professional growth, putting a degree that once seemed unattainable well within reach. Whether you’re looking to advance in your current career path or break into a new department, a degree from Davenport really pays. It’s been proven that weekly salaries increase exponentially with every degree or certificate obtained. Advanced degrees also help protect against unemployment.

Flexible and affordable degrees

Davenport understands working adults lead busy lives. Balancing a career with furthering your education is easier at Davenport through evening classes, six start dates each year, and both 7-week and 15-week semesters. Many professional development courses can even be taken in a self-service format.

We also recognize students often bring extensive experience to college courses. Therefore, we offer the Credit for Prior Learning (CPL) program through which students can earn college credit for valuable experience. Whether it’s through transfer college credits, previous work experience, military service, on-the-job training or community participation, CPL can save you time — and money — in the pursuit of a college degree. Turning experience into credits is easier with Davenport.

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Frequently Asked Questions

What is the corporate partner scholarship program?

The corporate partner scholarship program is a unique scholarship opportunity offered through a partnership with Davenport University.

• Employees receive up to $8,000 toward tuition * and family members receive up to $6,500 toward tuition *
• 20% discount for publicly offered professional development courses offered at Davenport University
• Scholarship is prorated by credit and renewable for up to 22 credit hours per academic year

How does the funding amount break down per credit hour?

# of Credits	Scholarship Amount
3	$1,091
6	$2,182
9	$3,273
12	$4,364
15	$5,455
18	$6,545
22+	$8,000

Family member scholarship

# of Credits	Scholarship Amount
3	$886
6	$1,773
9	$2,659
12	$3,545
15	$4,432
18	$5,318
22+	$6,500

How do I apply?

Apply to Davenport University. Upon acceptance, you will receive information for your student ID and login. Once you’ve established your account, you can register and enroll in classes. Then, apply for the corporate partner scholarship.

Can I be enrolled in any degree program and receive this scholarship?

Currently, there are no programs excluded from eligibility.

I am an existing Davenport student. Can I receive this scholarship?

Scholarships apply to new students at Davenport University who have not taken for-credit courses within the prior 24 months.

I am eligible for multiple Davenport scholarship programs. Can I receive multiple Davenport institution aid programs?

Students receiving the corporate partner scholarship will not receive other Davenport aid, including other Davenport scholarships, grants, athletic aid, tuition discounts and foundation awards.

Do I have to complete a FAFSA or complete any financial aid requirements related to my FAFSA?

A FAFSA and its associated requirements are not mandatory. However, any SAP requirements or requirements related to proving eligibility for the scholarship are required. Completing a FAFSA may open eligibility for other federal or state aid, so students are encouraged to visit https://studentaid.gov/h/apply-for-aid/fafsa to complete it.

Do you require proof of employment, and what will meet this requirement?

Yes, employees will be asked to provide proof of employment. Proof of employment can be your most recent pay stub, an employee ID badge (verifying employment or expiration date), a letter from your supervisor or a letter from your employer’s human resources department.

I have other questions. How can I get more information?

Sources:

Bureau of Labor Statistics
Davenport University, 2024/2025 Catalog