California Wholesale Lending Footprint
Statutory licensing directives, eligible loan products, and originator compliance rules for closing wholesale transactions in California.
Compliance Directives & Licensing Requirements
Official Statutory Directives & Exception Notes
Wholesale Financing Available in California
- DSCR (1-4 & 5-8 Units): Qualify on subject property rental cash flow up to 85% LTV.
- Bank Statement (12 & 24 Mo): Self-employed business & personal bank statement qualification up to $3.5M.
- Profit & Loss / 1099 Only: CPA certified P&L or 1099 wage forms with zero personal tax returns.
- Agency & Government (Conv / FHA / VA): Full Fannie Mae DO sponsoring & government financing approved in this state.
California Regulatory Directives & Dossier
California Regulatory Authority & Department Oversight
Wholesale residential lending in California is regulated under the California Department of Financial Protection and Innovation (DFPI) California Financing Law (CFL) and the California Department of Real Estate (DRE).
Business Purpose & Non-QM Lending Directives
- Broker License Requirement: YES: Mortgage broker entity must hold an active California DRE Corporate Broker License or DFPI CFL Finance Broker License.
- MLO Originator Requirement: YES*: Originator NMLS endorsement required for standard business-purpose loans. *Exception: Individual originators do not require an active MLO endorsement for DSCR investor rental loans closing in an entity.
- Entity Vesting: Strongly recommended to close in a California-registered LLC or Corporation with a Certificate of Good Standing.
Consumer QM Authority
Corva Lending LLC is a licensed California CFL lender (License #60DBO-XXXXX). Fully approved for Conventional Conforming, FHA, VA, and Standard Jumbo originations throughout the state.
Submit California Scenario
Direct underwriter review for California wholesale originations. Submit transaction parameters below for immediate structuring, licensing exceptions, and written terms.