Correspondent mortgage lender means a residential mortgage
Correspondent mortgage lender means a residential mortgage lender who: (1) in the regular course of business, does not hold any mortgage loans in its portfolio, or service mortgage loans, for more than 90 days; and (2) has shown to the department's satisfaction an ability to fund mortgage loans through warehouse agreements, table funding agreements or otherwise.
Correspondent mortgage lender means a third party originator approved by Seller or PennyMac Corp. to originate Correspondent Mortgage Loans.
More Definitions of Correspondent mortgage lender
Correspondent mortgage lender means a third party originator of Correspondent Mortgage Loans.