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Warehouse Lending


Warehouse lines of credit built for your needs

Fast, flexible warehouse lending solutions to help your mortgage banking business grow

ResXWarehouse Lending, a division of United Bank, gives independent mortgage bankers an opportunity to build stronger relationships with clients by providing fast, flexible interim financing. With a team of professional warehouse bankers and the strength of United Bank, resX Warehouse Lending has the resources and expertise to help your mortgage banking business survive and thrive.

What is a warehouse line of credit?
A warehouse line of credit is a revolving credit facility that helps a mortgage loan originator extend financing to borrowers without using their own capital. A warehouse line of credit is a form of asset-based lending that provides short-term funding between the time of a mortgage’s closing and the time the loan is sold to a secondary market investor. The amount borrowed can be paid back when the mortgage is sold.

Benefits of United Bank warehouse lines of credit

A United Bank warehouse line of credit can help you keep pace with your funding requirements. Our warehouse lending services give you the ability to close mortgages in your own name, streamline the origination process, and better serve your clients.

  • High-touch, personal service with flexibility to help you grow your mortgage banking business
  • Same-day funding available
  • Short-term revolving credit facilities available between $3 million - $25 million
  • Fund as Delegated or Non-Delegated
  • Paperless technology and customized reporting

Our products

  • FNMA/FHLMC eligible 1-4 family conventional loans
  • FNMA HomeStyle Renovation, FHLMC Renovation and FHA 203 (k) loans
  • HUD eligible FHA, VA and USDA loans
  • Jumbo loans
  • Non-QM loans
  • Reverse mortgage loans
  • Fixed rate second mortgage loans
  • Manufactured home loans

When you partner with ResX Warehouse Lending, you can be confident you will have access to the products and support you need to keep your mortgage banking business growing strong. Our warehouse lines of credit can help you increase efficiency, be more responsive to clients, and maintain a competitive advantage.

We’re here to help you succeed. Please contact our warehouse lending team to learn more.

Jim Harrison, Vice President, Relationship Manager
Email: jharrison@bankatunited.com
Phone: 631-902-2607

Jim is an experienced warehouse banking professional having worked in both large national and small community bank organizations. He has implemented streamlined credit processes to enhance client efficiency, and his sales and operations expertise have been leveraged to successfully implement a de novo warehouse lending business. Most recently, Jim was successful in helping the growth of a national warehouse lender by providing warehouse lines to small and mid-cap mortgage banking companies. Jim values family time and is an avid reader. He gives back to his community by serving as a youth baseball coach for the McKinney Baseball Association. He is also an adjunct accounting instructor for Mid-America Christian University. Originally from Long Island NY, he has a BSBA from St Joseph’s College, and MBA from University of Phoenix, and a Graduate Certificate in Accounting from DeVry University’s Keller Graduate School of Management.

Steve Gildea, Vice President, Relationship Manager
Email: sgildea@bankatunited.com
Phone: 407-454-3592

Stephen Gildea has more than 25 plus years’ experience in mortgage banking, including specialized expertise in Secondary Marketing, Operations, Sales, and Management. He knows the industry in detail, and is an excellent resource for mortgage bankers seeking to find solutions to their challenges, or to help take their business to the next level. He is also an active member in the Florida, Maryland, New Jersey, and Virginia Mortgage Banker Associations. Steve enjoys time with his family, and watching his son play organized baseball. His community involvement includes being President of the Stephen George Krader Memorial Fund which provides an annual scholarship to youth that exemplify work ethic, determination, and leadership.Stephen earned bachelor degrees from both University of Delaware and Caldwell College.