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Correspondent Loan Delivery Transmittal 2022|Loan Identification and Lender Contact Information FAME Loan #: ___ Borrower Name: ___ UPI: ___ Correspondent: ___ Contact Person: ___Tel #: ___ Email
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01
Obtain necessary information and documentation from both the borrower and the correspondent lender.
02
Enter all relevant information into the Franklin correspondent lending platform.
03
Review and verify the accuracy of the information provided.
04
Submit the completed correspondent lending package for approval and funding.

Who needs correspondent lending with franklin?

01
Mortgage lenders who want to offer loans without using their own capital or underwriting process.
02
Banks that want to expand their loan offerings without taking on additional risk.
03
Financial institutions looking to increase their loan volume and revenue streams through partnerships with other lenders.
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Correspondent lending with Franklin refers to a process where Franklin acts as the lender for mortgage loans that are originated by another lender.
Any lender who is originating mortgage loans and using Franklin as the correspondent lender.
The lender must provide all relevant information about the mortgage loans to Franklin using the specified forms and templates.
The purpose is to allow lenders to originate mortgage loans while offloading the financial risks associated with them to Franklin.
The information to be reported includes details about the borrower, the loan amount, interest rate, and any other relevant terms of the loan.
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