Your name on the loan.
Keep your borrower relationship and close in your own name. JMAC handles the underwriting and reviews each delivered loan for purchase.
What you get as a correspondent partner.
What JMAC brings to your business, from underwriting to purchase review.
- Your borrower, your brand.You originate, close and fund in your own name, so your business stays at the center of the borrower relationship.
- Underwriting from JMAC.JMAC handles the credit underwriting. Work with our team on the loan’s requirements before closing and delivery for purchase.
- Programs to explore.Conventional, jumbo and Non-QM options, including investor and alternative-income scenarios. Confirm product availability for your channel and approval with your JMAC team.Explore programs
Three steps to your first delivery.
Set up the relationship before you deliver the first loan.
Start a conversation.
Tell us about your company and your correspondent goals using the interest form.Complete your approval.
Our team reviews your application and requirements, including licensing, financials, insurance and funding arrangements.Prepare for your first delivery.
Work through portal access, submission requirements and the closing-to-purchase process with your JMAC team.
Questions about an application? Email Client Approval at clientapproval@jmaclending.com or call (949) 390-2638.
Who does what.
Your company leads the borrower relationship and the closing. JMAC underwrites and reviews each delivered loan for purchase.
- Origination
- Your companyYou build the borrower relationship and prepare the loan.
- Underwriting
- JMACJMAC reviews the loan and communicates the underwriting requirements.
- Closing and funding
- Your companyYou close and fund in your own name, then deliver the loan to JMAC.
- Purchase review
- JMACJMAC reviews the delivered loan for purchase, subject to the applicable agreement and delivery requirements.
Questions correspondent partners ask.
What does non-delegated mean?
Your company originates and funds the loan, while JMAC makes the underwriting decision. After closing, you deliver the loan to JMAC for purchase review. Purchase is subject to the applicable agreement and delivery requirements.
How is this different from wholesale?
In a wholesale relationship, you broker the loan to JMAC. As a non-delegated correspondent, your company closes and funds in its own name. The approval requirements and responsibilities differ, so our team will help you evaluate the right channel.
What funding arrangements do I need?
You need the ability to fund loans at closing. Discuss your warehouse facility or other funding arrangement with the correspondent team during approval.
Are all wholesale programs available?
Product availability varies by channel and partner approval. Do not assume a wholesale program is eligible for correspondent delivery. Confirm the program and current requirements with your JMAC team before submitting.
Your next borrower. Our next conversation.
Bring us your next correspondent loan.
Send a scenario, ask JMAC a question, or start your correspondent inquiry.