Recently named by Inside Mortgage Finance as the #7 Warehouse Lender in the country, our Warehouse Lending Division experienced a record year in 2019. Merchants offers its partners a wide array of products and services, including loan participations and warehouse lines of credit to a national customer base, serving both single family and multifamily mortgage bankers. We have also proven our ability to grow through high refinance volume seasonality, demonstrating to customers they can confidently rely on Merchants as their lending partner.
The business line has grown significantly from its modest beginning in 2009 with only two processors and Mike Dunlap leading the charge. In 2019, we grew market share to 2.56%, an increase from 1.52% in 2018, and funded a record $46.2 billion (157,226 loans) compared to $24.8 billion in 2016.
MERCHANTS IN THE NEWS – HOUSINGWIRE – Read about the value of warehouse lenders in the mortgage market and its role in real estate finance featuring our president and CEO, Mike Dunlap.