INDUSTRY RESOURCES - Thought Leadership

Scotsman Guide, October 2006
Closing the Gap by Stanley Street
Making the broker-to-banker transition? Your warehouse-lending alternatives may be expanding. Reliable interim-financing sources are the lifeblood of the mortgage-origination business. Mortgage originators traditionally have had several options to ensure that adequate gap financing is available between closing a loan and its purchase by the secondary market. These include self-funding; a mortgage warehouse line or purchase/sale facility with an institutional warehouse lender; early purchase programs from end mortgage investors; or a business line of credit with a commercial bank.

Origination News, September 2006
Getting Funds to the Lender by Stanley Street
The portion of the mortgage origination process that is the most hidden from the consumer is how their loan gets funded. They show up at the closing table and, like magic, several checks appear to cover the price paid to the seller, fees due and other miscellaneous items.

Inside Mortgage Technology, Aug. 11, 2006
Warehouse Lenders Need Innovative Tech to Compete by Stanley Street
Warehouse USA uses technology from Street Resources Group, which may be the lone vendor that focuses solely on warehouse lenders. Whenever loans hit the SRG system, they are subject to several validation tests via internal engines and external services. The results are sent to the lender’s proprietary filter that flags the loans as either pass or fail. Then the loans are pushed back in to the SRG system and flow into the lender’s processing system.

Mortgage Banking, March 2006
Warehouse Lending Comes of Age by Stanley Street
Warehouse lenders provide short-term financing to mortgage lenders selling loans into the secondary market. Characterized as short-term lines of real estates—secured credit, warehouse lines allow mortgage bankers to fund loans in the secondary market until purchased by institutional investors.

Mortgage Technology, November/December 2005
Technology Evolution by Stanley Street
In 1999, Street Resource Group, Atlanta, made a strategic decision to focus solely on the warehouse lending industry with the goal of becoming the premier software platform of choice and an integral industry utility. Automating warehouse lending is a tricky business because it involves the electronic collaboration between two different companies, the lender originating the loan and the lender that will warehouse it. For this reason SRG is a vendor to watch.

Secondary Marketing Executive, June 2005
Revisit Your Strategies To Maximize The Benefits Of Your Lines: Focus on Business by Stanley Street
Reliable liquidity is a cornerstone of the mortgage industry’s rampant growth and the business opportunities that arise from it. Although sometimes overlooked in the context of the refinance boom, the advent of e-mortgages, the fraud plague and compliance challenges, and warehouse lending is a critical element of mortgage lending liquidity.