All Forum Posts by: Cody Todd

If you are a wholesaler in or near Austin, TX please PM me.

I used to own a correspondent lending branch. They were very common when I was in the business. They are better described as brokers that have a line of credit with a particular lender. They generally make more money if they fund your loan with their line, but if it doesn't fit the underwriting criteria they will broker the loan to a different lender. If they have the best rate, terms and fees I would recommend using them. Let me know if you have any specific questions.

Hello Everyone,

We are fairly new to BP. Great site! Looking for rehabs and income properties in the Austin, TX area. Wholesalers, feel free to contact me.