wholesale lender

Definition

These lenders have funds to lend and use mortgage brokers to secure loans for them. Some large lenders have both a wholesale division that works with brokers and a retail division that offers loans to the general public. Wholesale lenders generally have lower interest rates.

Use wholesale lender in a sentence

You may want to try and get a hold of a wholesale lender to see if you can get a better rate on your loan.

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They were a very efficient wholesale lender and that made us all feel really happy in the company and everywhere else.

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All things considered, Rex preferred working with wholesale lenders, since they could hire and utilize mortgage brokers in the pursuit of desirable loans.

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