Eliminate the disclosure of YSP
and close loans in YOUR name

Overview
The Mini-Correspondent is a program designed for clients who desire
the resources to underwrite, close and fund their loans in their name.

You maintain control of the funding process without incurring
the expense of employing an entire back office
to underwrite, close and resolve the post-closing issues.

You Originate
We do the rest!

Our Mini-Correspondent Program provides solutions to those ready to transition from brokers to bankers/lenders without the challenge normally experienced when starting on your own.

Your Investor

Divine Mortgage Capital provides underwriting, drawing of closing loan documents, funding, shipping, post-closing and purchase your loans.

Your Warehouse Line

Divine Mortgage Capital also provides approved mini-correspondent clients with a warehouse line based on the unique requirements of each client.

Minimum Requirements
  • Minimum Net Worth of $50,000
  • Execution of Mini-Correspondent Application
  • Minimum volume expectation of $2,000,000
  • Quality Control Plan
  • Satisfactory credit profile
  • 1 year’ experience selling or brokering to investors
  • Lender or Mortgage Banking License (varies by state)
  • MERS General or MERS Lite member

No audited Financials are required
No E&O, Fidelity Bond, and Surety Bond are required
No warehouse line are required
No 3rd party fulfilment provider are required

Your Responsibilities
  • Originate, process, submit and get the loan approval
  • Process all change of circumstance disclosures
  • Order appraisals
  • Order closing loan documents
Ours Responsibilities
  • Underwrite and clear underwriting conditions
  • Order MI, FraudGUARD and all QC related services
  • Prepare the closing loan documents
  • Fund loans via warehouse line investor in the Client’s name
  • Receive closed loan collateral for purchase review
  • Purchase loan & wire funds to client’s applicable account
01
MERS ORG ID Ready

Are you MERS member?
(General or Lite member)
If you are not, Click Here

02
Partnership Approval

Download and Complete
the Mini-Correspondent application
and send it to your A.E.

03
Submit the file

Our Proprietary LOS
makes your loan processing
easier and faster.

Eligible Loan Programs