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Star Warehousing
** warehousing with the stars ** |
Star Warehousing - Warehouse Lending
Our companies offer a conforming loan Mortgage Purchase/Resale program for mortgage companies to address these needs. Our Star Warehousing program enables mortgage bankers to fund and inventory loans until the loan is purchased by an institutional investor. We have competitive rates, excellent service and have been in this business for over fifteen years. We warehouse residential conforming loans for qualified mortgage bankers and offer purchase agreements that start at $2 to $3 million with the ability to handle significantly larger line with established relationships.
- Minimal financial requirement of $750,000 net worth
- Attractive advance amounts
- No non-usage fees
- Experienced staff to coordinate your transition
- Funding within 24 hours
- Personalized service
- Mutually beneficial relationship
- Competitive rates
Being able to fund your own loans establishes your reputation in the industry with consumers, builders, brokers and real estate agents to close and fund loans in your own name, on your schedule. We fund home loans within 24 hours of request and in most cases, on the same day.
Here are the documents required to begin the approval process for this service:
- Documents Required to Complete Mortgage Company File
- TMLP Application
- Document Requirements For Opening an Business Account
- Business Account Application
USA Patriot Act Disclosure:
The USA Patriot Act has paved the way for financial institutions to help prevent fraud, identity theft, and the spread of terrorism. It requires financial institutions to obtain more information from an individual or legal entity to help establish identity.
Your cooperation is needed when you open a new account or request a loan. You may be asked more questions to establish and confirm your identity. It may also be required for you to provide one or more forms of identification.
For more information about Star Warehousing, please contact one of the persons listed below:
Billy Fleming
President/CEO
e: bfleming@texas-star-bank.com
p: 254-584-3171
Texas Star Bank, SSB
101 Gassaway
P.O. Box 368
Lott, TX 76656
www.texas-star-bank.comKevin Knesek
Executive Vice-President
e: kevin@lonestarbank.com
p: 830-672-2001
Lone Star Bank, SSB
1609 N. Sarah Dewitt Drive
P.O. Box 1932
Gonzales, Texas 78629
www.lonestarbank.comNorman E. Koch
President/CEO
e: nkoch@1starbank.com
p: 254-746-7031
First Star Bank, SSB
109 S. Commerce Street
P.O. Box 7
Bremond, TX 76629
www.fsbbremond.com
http://www.starwarehousing.net
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