Cole Taylor Mortgage is not seeing any large movement away from mortgage brokering to the mini-correspondent channel among its clients, its top executive reports.

There are some originators who are looking at becoming a mini-correspondent or a retail branch operator, says Willie Newman, president of the Ann Arbor, Mich.-based company. If anything, Cole Taylor is seeing increased interest from mortgage broker shops who want to become retail branch offices for the company.

Subscribe Now

Authoritative analysis and perspective for every segment of the mortgage industry

30-Day Free Trial

Authoritative analysis and perspective for every segment of the mortgage industry