What wholesale lending arrangement allows a mortgage broker to originate, close, and fund a loan using a warehouse line of credit?

• A. Table funding
• B. Wholesale financing
• C. Credit line funding
• D. Broker funding

Answer: (A)

Table funding is the wholesale lending arrangement that lets a mortgage broker originate, close, and fund a loan using a warehouse line of credit. At closing, funds come from the wholesale lender via the warehouse line, and the loan is funded in the broker’s name. Soon after, the lender purchases the loan from the broker, transferring ownership to the lender. This setup lets the broker fund loans quickly without tying up their own capital and uses the warehouse line to finance the closing, with the investor ultimately taking over the loan. Other terms don’t describe this exact flow—they’re broader or refer to different funding relationships.