CORRESPONDENT LENDING

BE THE LENDER.

Control the closing. Own the experience.

American Heritage Lending helps experienced brokers fund and close in their own name — with the training, underwriting, and support to make the move with confidence. And because you choose your delivery loan by loan, becoming a correspondent never means giving up the option to broker.

BECOME A PARTNER(855) 340-9892

Watch: choose your delivery, loan by loan

Your clients already trust you.
Now be the lender behind the loan.

Experienced brokers are evolving — not necessarily into fully delegated mortgage bankers, but into correspondents who fund in their own name and sell on a flow basis. Some of the largest firms in this space have already made the move, and the brokers following them are not the biggest shops. They are the ones with production, operational discipline, and a reason to want more control.

Three things change when you become the lender. The economics: you collect eligible fees at closing and earn a Service Release Premium when AHL purchases the loan, and correspondent fees are lower than wholesale fees. The control: your documents, your closing timeline, your communication with the borrower — not a wholesale lender’s queue. And the identity: you close in your own name and stay the lender in front of your client, which matters most in business-purpose lending, where deals get taken at the eleventh hour.

The gap is rarely ambition. It is warehouse lines, underwriting, disclosures, pricing, and the hundred operational questions nobody wants to ask out loud. That gap is what AHL fills — we underwrite your non-delegated files through Clear to Close, train your operations team, and make warehouse introductions, so you are not building the whole apparatus before your first loan.

And if you already hold lender licensing, close consistent volume, or have looked at correspondent elsewhere, you may be closer than you think.

AS A BROKERAS AN AHL CORRESPONDENT
WHO UNDERWRITES
Your wholesale lenderAHL, through Clear to Close on non-delegated delivery
WHOSE NAME CLOSES
The wholesale lender'sYours
WHO CONTROLS THE CLOSING
Their process and turn timesYou do
HOW YOU ARE PAID
Broker compensationEligible fees at closing plus SRP when AHL purchases

How a correspondent loan actually flows

As a broker, a wholesale lender underwrites, funds, and closes in their name. As a correspondent, you close in your own name and sell the loan to AHL after closing.

Price and register

Price off the correspondent rate sheet for your delivery type and register the loan with AHL.

AHL underwrites to Clear to Close

On non-delegated delivery we underwrite from submission through Clear to Close.

You close in your own name

Draw on your warehouse line and close as the lender of record.

AHL purchases the loan

We review the closed file and purchase it. Less time on the line means less carry.

Which correspondent are you?

Most partners start in one lane and grow into another.

Emerging Mortgage Banker

Ready to fund in your own name, but not to build a full underwriting operation on day one.

  • Guided training path
  • Warehouse-line introductions
  • We underwrite your files
  • Disclosure and document help

Non-Delegated Correspondent

You close and fund in your own name. AHL underwrites the file.

  • Underwritten to Clear to Close
  • We own underwriting errors
  • Dedicated non-delegated pricing
  • No underwriting department needed

Delegated Correspondent

You underwrite to program guidelines and deliver closed loans as an additional Non-QM outlet.

  • Dedicated delegated pricing
  • Fastest path to purchase
  • Scenario and exception support
  • EPD and EPO stay with you

Choose your delivery, loan by loan

Being approved as a correspondent with AHL does not mean giving up the ability to broker. Most lenders force an all-or-nothing choice. We do not.

See how partners switch, loan by loan

More revenue. More control. More support.

What you actually get as an AHL correspondent.

Training and onboarding

Ongoing training on the correspondent process, a defined approval, onboarding, and first-loan workflow, and direct training for your operations team.

Warehouse and purchase education

How lines fund, how investor purchase works, and what can delay it — plus introductions to warehouse providers through AHL and our corporate parent.

Underwriting through Clear to Close

We underwrite non-delegated files and take contractual responsibility for underwriting errors. Lender control without an underwriting department.

Pricing, SRP and documents

Separate non-delegated and delegated rate sheets, guidance on expected Service Release Premium, and support for initial disclosures and closing documents.

Speed to purchase

Non-delegated third-party review typically runs about three days, with funding following shortly after when there are no outstanding conditions.

People when it gets hard

Hands-on scenario, exception, and closing support. A partner when the file gets complicated, not just an investor after it closes.

Products we offer

The same Non-QM and business-purpose breadth you already know, available through correspondent delivery.

Bank Statement

A mortgage designed for self-employed borrowers that uses alternate income verification. Qualify on business or personal bank statement deposits instead of tax returns and W-2s — useful when a borrower's returns understate what the business actually earns.

TYPICALLY A FIT FOR

  • Self-employed borrowers and business owners
  • Strong deposit history, complex tax returns
  • Purchase, rate-and-term, or cash-out

Programs, loan amounts, LTV limits, property types, and geographic availability vary and are subject to current AHL and investor guidelines. Not every product is available on every correspondent delivery channel. Ask your Account Executive which programs are eligible for your approval.

DSCR

Designed for experienced real estate investors who qualify with rental income and cash flow from the subject property rather than personal income. The property carries the loan, so personal DTI is not the gate.

TYPICALLY A FIT FOR

  • Experienced investors building a rental portfolio
  • Qualifies on subject-property cash flow
  • Purchase or refinance of non-owner-occupied property

PRODUCT MATRICES

Invest Star Credit matrix

Programs, loan amounts, LTV limits, property types, and geographic availability vary and are subject to current AHL and investor guidelines. Not every product is available on every correspondent delivery channel. Ask your Account Executive which programs are eligible for your approval.

1099

A 1099 wage-earner solution for self-employed borrowers with no tax returns required. Income is documented from 1099s, which suits contractors and commission earners whose write-offs make traditional qualification difficult.

TYPICALLY A FIT FOR

  • Independent contractors and commission earners
  • Documented with 1099s, not tax returns
  • Gig-economy and professional-services borrowers

Programs, loan amounts, LTV limits, property types, and geographic availability vary and are subject to current AHL and investor guidelines. Not every product is available on every correspondent delivery channel. Ask your Account Executive which programs are eligible for your approval.

Asset Qualifier

A solution for borrowers with substantial assets that are used to qualify for the loan. Qualification is driven by verified liquid assets rather than monthly income — built for borrowers who are asset-rich and income-light on paper.

TYPICALLY A FIT FOR

  • Retired or high-net-worth borrowers
  • Significant verified liquid assets
  • Limited documentable monthly income

Programs, loan amounts, LTV limits, property types, and geographic availability vary and are subject to current AHL and investor guidelines. Not every product is available on every correspondent delivery channel. Ask your Account Executive which programs are eligible for your approval.

Full Doc

For the borrower who can verify income through traditional documentation but still needs Non-QM flexibility elsewhere in the file — credit event seasoning, property type, or structure that agency guidelines will not accommodate.

TYPICALLY A FIT FOR

  • Traditional W-2 and tax-return income
  • Non-QM flexibility on credit or property
  • Files that fall just outside agency

Programs, loan amounts, LTV limits, property types, and geographic availability vary and are subject to current AHL and investor guidelines. Not every product is available on every correspondent delivery channel. Ask your Account Executive which programs are eligible for your approval.

Correspondent forms and resources

Non-Delegated Loan Submission FormComplete this form to submit your loan. DSCR CalculatorQualify the borrower on the cash flow of the subject property. Run a DSCR in seconds with our online calculator. Stacking ToolLTV Stacking is the ability to finance broker fees or discount points into the loan. May allow more attractive terms to the borrower. Bank Statement NarrativeNot everyone fits into a traditional mortgage program. This program is designed for self-employed borrowers using alternate methods of income verification. Loan Exception Request FormWe recognize that not every borrower fits within the standard guidelines. We use a common-sense approach to find ways to qualify your borrower. Condo QuestionnaireA form specifically for condo loan submissions.

Questions and objections

Everything an emerging banker asks before the first loan.

What is the difference between brokering and correspondent lending?
When you broker a loan, the wholesale lender underwrites, funds, and closes it in their name. When you deliver a loan as a correspondent, you close and fund it in your own name using a warehouse line, and AHL purchases it after closing. You are the lender on the note and the brand in front of the borrower.
How does a warehouse line work?
A warehouse line is a short-term credit facility you draw on to fund a loan at closing. The loan sits on the line until an investor — AHL, in this case — purchases it, and the purchase proceeds pay the line back. You pay interest for the days the loan is on the line, which is why speed to purchase matters. AHL and our corporate parent have warehouse relationships and can make introductions.
Do I need my own underwriting department?
Not on non-delegated delivery. AHL underwrites your file from submission through Clear to Close and takes contractual responsibility for underwriting errors. You add underwriting capability on your own schedule, not before your first loan.
Do I lose lender support once I become a correspondent?
The opposite. Correspondent partners get training, scenario help, exception review, pricing guidance, document support, and direct training for their operations team.
Is correspondent only for large lenders?
No. AHL has a competitive advantage on net worth requirements compared with the aggregators an established correspondent would otherwise sell to, and many brokers are closer to qualifying than they think.
Who is responsible for underwriting, conditions, and compliance?
On non-delegated delivery, AHL underwrites the file from submission through Clear to Close and takes contractual responsibility for underwriting errors. On delegated delivery, you underwrite to program guidelines. In both cases you remain responsible for your own licensing, disclosures, and regulatory compliance as the lender of record, and early payment default and early payoff obligations remain with the correspondent.
How do I get paid on a correspondent loan?
Correspondents may earn compensation through fees collected at closing and a Service Release Premium paid following AHL's purchase of an eligible loan. Compensation is subject to applicable laws, investor requirements, program guidelines, and AHL approval. Correspondent fees are also lower than wholesale fees.
What happens after closing, and what can delay the purchase?
AHL reviews the closed loan file and purchases it. Non-delegated third-party review typically runs about three days, with funding following shortly after when there are no outstanding conditions. Missing or inconsistent closing documents, collateral not yet received, and unresolved conditions are the common causes of delay.
How much infrastructure do I need before my first loan?
Less than most people assume on non-delegated delivery, because AHL performs the underwriting. What you do need is your lender licensing, a warehouse line, and a closing process you control. We walk your operations team through the rest.
Do I have to deliver every loan as a correspondent?
No. You choose your delivery on a loan-by-loan basis. If a deal is not one you want to warehouse, broker it.
What happens when a closing becomes urgent or a file does not go as planned?
You get people, not a ticket queue. Scenario help, exception review, and closing support are part of the relationship.
How do I get started?
Use the Become a Partner button at the top of this page and an Account Executive will reach out. If you are already approved with AHL for broker business, tell us — you may be closer to correspondent than you think.

WATCH

Choose your delivery, loan by loan

Correspondent when it makes sense. Broker when it does not. How AHL partners switch delivery on a loan-by-loan basis.

Ready to move from broker to lender?

You may already be closer to correspondent than you think. Tell us where you are and an Account Executive will map the path.

BECOME A PARTNER (855) 340-9892
Equal Housing Opportunity
IMPORTANT DISCLOSURES

Compensation opportunities vary by transaction and are subject to applicable federal and state laws, licensing requirements, investor guidelines, program eligibility, pricing, loan performance, and AHL approval. No specific compensation or revenue amount is guaranteed.

Programs, loan amounts, LTV limits, property types, and geographic availability vary and are subject to current AHL and investor guidelines. Not all products are available on all correspondent delivery channels. Approval as a correspondent is subject to AHL's application, due diligence, and approval process; no specific approval outcome or timeline is guaranteed.

Turn times, review periods, and funding timelines described on this page are targets based on typical files with no outstanding conditions and are not guarantees. American Heritage Lending underwrites non-delegated correspondent files through Clear to Close and assumes contractual responsibility for underwriting errors as defined in the applicable correspondent agreement; all other legal, compliance, repurchase, early payment default, and early payoff obligations remain with the correspondent as set out in that agreement.

American Heritage Lending, LLC is an Equal Housing Opportunity lender.