A warehouse facility enables Independent Mortgage Banking companies to fund residential mortgage loans without using their own capital. Banks and Credit Unions that have wholly-owned subsidiary mortgage companies may also benefit from a warehouse facility.  Mortgage warehouse facilities are a form of asset-based lending that provides short-term funding between the time of a mortgage’s closing and the time the loan is sold to a secondary market investor.  Upon sale of the loan into the secondary market the warehouse advance is settled and any profits are deposited into the mortgage banking company’s account. Our mortgage warehouse lending services give you the ability to close mortgages in the name of your company and maximize profitability by using our paperless and efficient funding process.  This results in funding more loans that close faster which enhances your borrowers experience.