CA-based wholesale mortgage servicer enters correspondent lending space

Wholesale mortgage servicer Royal Pacific Funding (RPF) has announced its expansion into the correspondent lending business with the launch of its correspondent channel.

RPF’s correspondent channel will offer Fannie Mae, Freddie Mac, VA, and FHA programs to its seller clients. 

“It is a good time for us to launch this channel. Correspondent lending is not an entirely new concept for RPF, we are just in a position to expand on a scalable level,” said Dawn Hill, chief financial officer of RPF.  “We have third-party expertise, solid relationships, and a financial position to support this operation.”

The California-based company said it has engineered its Connect portal to facilitate “effective management of pipelines so that RPF can purchase loans with speed and with superior customer service.”

In addition to the launch, RPF is currently looking for new members to join its correspondent national sales team.

“We are excited to launch our correspondent channel with 30 years of lending experience under our belt,” RPF founder and CEO Sam Soliman said. “RPF Correspondent is tailored to our partners’ secondary needs, and we look forward to offering a quick and simple purchasing process to enhance the sellers’ lending abilities while facilitating continued growth in the market.”