Correspondent
Definition
A lender who delivers loans to a (usually larger) wholesale lender against prior price commitments the wholesaler has made to the correspondent. The commitment protects the correspondent against pipeline risk.
Related Terms Other terms related to 'Correspondent' starting with the letter 'C' COFI, COSI, Construction financing, Co Borrowers, Contract knavery Browse by Letter » 1 4 A B C D E F G H I J L M N O P Q R S T U V W Y | 