product & features

Warehouses are Exiting the Mortgage Space

Many warehouse lenders exited the space this year, including Silvergate, Wells Fargo, Fifth Third, First Republic, Comerica, and Webster.

Ashley Leistler
Oct 4, 2023

IMBs leveraging these lines were forced to diversify their loans or were stuck with what they had.

We predict a trend in the closing of traditional warehouse lines. Protect your IMB in advance:

  • Look at loans & niches. Find warehouses specialized in your niche.
  • Use a minimum 3 warehouses. We see an average of 3-5 warehouse lines per IMB.
  • Diversify lines, align incentives, and evaluate non-use fees.

As a neutral intermediate in mortgage lending, we can offer advice on optimal warehouse line allocation. Talk to an expert at OptiFunder with questions on warehouse closures and where to go next.
product & features
mortgage tech & ai

What Mortgage Leaders Need to Know About AI

We’re inundated with AI claims and warnings, so what do mortgage leaders need to know about the benefits, risks and opportunities of AI?

Michael McFadden Jun 5, 2023

Monthly Warehouse Lending Report

Subscribe to our monthly warehouse lending report and keep up to date with industry average trends in effective cost of warehouse, note rates, warehouse carry, dwell time, and net warehouse spread.

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