As you may already be aware, Bank of America recently announced that they will be exiting the wholesale mortgage channel. However, it is quite evident that Bank of America believes in the viability of the wholesale origination channel moving forward as noted in their recent announcement to both the broker and correspondent lending communities. While they are pulling out from wholesale, they are in fact reallocating their fulfillment/human resources to both their retail & correspondent channel, which supports lenders like PRMG, who in turn is whole heartedly committed to supporting the broker and their customers.
