Warehouse mortgage lenders who make loans to mortgage originators secured by the underlying notes and mortgages customarily take possession of the notes, endorsed by the mortgage originator in blank.
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Doing Business in Florida "Considerations for Warehouse Mortgage Lenders" September 8, 2016. By: Phyllis S. Bean View Full Article. An article by Phyllis Bean titled "Considerations for Warehouse Mortgage Lenders" that appeared in Doing Business in Florida on September 8, 2016.
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Warehouse mortgage lenders who make loans to mortgage originators secured by the underlying notes and mortgages customarily take possession of the notes, endorsed by the mortgage originator in blank. Possession of the negotiated, endorsed promissory note not only permits the warehouse mortgage lender to perfect its security interest in the note.