Get Results for Your Clients.
With decades of mortgage banker finance experience, Bank of the Sierra offers personal community bank service with flexible national capabilities. We specialize in residential mortgage warehouse facilities from $3 million to $50 million for start-up correspondents, broker-to-banker transition, non-delegated correspondents, delegated correspondents with hedged production, and institutional residential mortgage funds. Features include:
No commitment fee
No commitment fee
No mortgage delivery requirement
No mortgage delivery requirement
Same-day funding availability (3:00pm PT cutoff time)
Same-day funding availability (3:00pm PT cutoff time)
Real-time reporting
Real-time reporting
eNote capability
eNote capability
High Funding Rates. Smart Technology.
Get the resources you need as an independent mortgage banker. Other features of our mortgage warehouse lending program include:
- Up to 98% of investor purchase price for non-delegated transactions
- Up to 100% of note amount for delegated transactions
- Proven, secure technology offering single and bulk uploads that interfaces with many loan origination systems
Eligible Loans.
We can support a wide range of mortgage options:
- Conventional, government, jumbo, and non-QM business purpose and investor
- HECM and non-HECM reverse
- Manufactured home
- CDFI
- Second liens
- Fully disbursed HELOC
- Institutional private residential mortgages
Requirements.
Bank of the Sierra’s residential mortgage finance facilities are available to mortgage companies throughout the country that meet these eligibility requirements:
- Senior management mortgage experience of at least three years
- Minimum capital of $100,000
- Maximum leverage ratio of 15:1
- Owners’ personal guarantees
Want specifics? Provide two years’ financials and current year-to-date financials. We will generate a term sheet customized for your business to start the discussion.
Connect With Our Mortgage Banking Finance Team.
Contact our dedicated specialists to discuss your needs.
Meet Our Team.
Count on exceptional service from a team that understands your goals as a mortgage banker – along with the stability of a bank that has served its communities for decades.
Tim McAvenia
President, Mortgage
Banker Finance
925-255-3639
tmcavenia@BankoftheSierra.com
Theo Hatch
Vice President, Mortgage
Banker Finance
559-791-4485
thatch@BankoftheSierra.com
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