Wholesale Lending

We are Committed to Brokers

We work with independent mortgage brokers and mortgage bankers to originate a wide variety of loans. Ridgewood Savings Bank offers direct access to underwriting and processing. Our wholesale loans feature:

  • Fixed rate and ARM loans up to $3.5M
  • Cash-out refinancing up to $2.5M, with appropriate LTVs on primary residence and no seasoning
  • CLTVs to 90% up to $3.5M on one to two family homes and condominiums
  • Closing title in the name of a bank-approved corporation, LLC, trusts and life estates with no add-ons to pricing
  • Closing by assignments (CEMA) allowed with no add-ons to pricing or fees to the bank
  • Co-op/condominium financing with no add-ons to pricing
  • Loan decisions are not FICO driven (except for PMI loans)
  • No add-ons for second homes or cash-out refinancing
  • No limit on number of trade lines on the credit report
  • No seasoning requirements for refinance loans
  • $150.00 is the bank's only fee
  • Portfolio lender
  • HELOC available and provided at no closing cost at 75% CLTV

Our Account Executives

Lisa Constant
NMLS ID 646655
Cell # (516) 640-8375
lconstant@ridgewoodbank.com
Bijan Farassat
NMLS ID 646654
Cell # (917) 731-4870
bfarassat@ridgewoodbank.com

Forms and Agreements

Please note: all of the official documents pertaining to wholesale lending are password protected. If you’d like access to wholesale lending forms and agreements, please contact one of our account executives.

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All documents, terms, conditions, fees, guidelines and other information relating to the bank's mortgage loans and the mortgage broker and banker program are subject to change at any time without notice.