A Wholesale Broker is an entity or individual who closes and funds in the name of ResMac.
To qualify as an approved broker, one must:
• Be in business for at least (2) years or have a minimum of (3) years experience in the mortgage business;
• Present evidence of a net worth of $50,000 or as dictated by the state;
• Be properly licensed, active, and in good standing with the respective state(s) and NMLS;
• Execute Broker Agreement allowing for credit and background check.