Become a Correspondent

  Become a Correspondent

Rushmore Correspondent Lending Services, a division of Rushmore Loan Management Services LLC, purchases closed loans from approved, independently owned mortgage lenders, banks, and credit unions, on a delegated and non-delegated basis.

Qualified lenders may be eligible for an expanded approval option that permits for the sale of TPO (Wholesale), Fourth Party (Mini-Correspondent) and Fourth Party Correspondent (Traditional Correspondent) production as well.

Basic Eligibility Requirements:
  • Experienced management team & underwriting staff
  • Ability to fund own loans utilizing warehouse lines
  • Minimum $1 million net worth required for best efforts delivery and retail production
  • Minimum $2 million net worth required for mandatory delivery
  • Minimum $3 million net worth required TPO, Fourth Party and Fourth Party Correspondent production
  • Proof of compliance with all state, federal & regulatory requirements
  • HUD Neighborhood Watch total compare ratios below 150% for 1 & 2 yr. periods
Application Process:
  • Application, including submission of all required documentation, is completed online through Comergence
  • Completed application is reviewed, then findings are submitted to Rushmore Correspondent Counterparty Action Committee approval committee for evaluation
  • Approved correspondents will be invited to attend a new correspondent orientation
About Us

Use of the Rushmore Correspondent Lending Services website is intended for industry professionals only and is not intended for use by consumers. Content may not be duplicated or disseminated to the public.

Equal Housing Opportunity. Some products may not be available in all states. This is not a commitment to lend. Restrictions apply. All rights reserved.

Rushmore Correspondent Lending Services