How Can We Provide Bank Wholesale Rates? First off, what exactly are Wholesale Rates? These are the rates offered to Correspondent Lenders by Banks so that the Correspondent Lender can originate and close loans that will then be sold to the Bank. What happens is the Correspondent Lender originates a loan then underwrites it according to the guidelines of the Bank. The Bank will then buy the loan from the Correspondent Lender at a price that is determined by the Interest Rate and the Loan Program. This means that we can choose from a variety of rates---including rates that could be considered 'below market'. Ya see, most brokerages have a lot of overhead and need to make a certain amount per loan to meet their expenses. However, Beat the Banks has such a large volume of loans that we are able to make less on each loan and still be profitable. This means we can provide rates that are 'below market' and, because of our volume, still make money when we sell the underwritten loan to the Bank. So that's how we're able to underwrite loans for specific banks and provide rates that are lower than you would find by going directly to the bank.