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BRyco Real Estate Glossary

Glossary

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W

 

Wholesale Lenders
A lender who provides loans through mortgage brokers or correspondents. The mortgage broker or correspondent initiates the transaction, takes the borrower's application, and processes the loan. As distinct from a Retail lender.

 

Wholesale Sub-prime Lender
A lender who provides home loans through sub-prime. The mortgage broker or correspondent initiates the transaction, takes the borrower's application, and processes the loan on behalf of the lender.

 

Worth
The total value of something.