Wholesale Mortgage Bankers

What Wholesale Mortgage Bankers does

Wholesale Mortgage Bankers (WMB) is a private wholesale mortgage lender operating as a DBA of Fidelity Lending Solutions, Inc., a California corporation founded in 2012 and headquartered in Brea, California. WMB originates non-qualified mortgage (Non-QM) loans exclusively through licensed mortgage brokers — there is no direct-to-consumer channel — making the broker its primary customer. End-borrowers are typically self-employed individuals, real estate investors, and others whose income documentation does not conform to traditional agency guidelines. The company is licensed in Arizona, California, Florida, Georgia, Nevada, and Washington (the website lists N/A for Colorado and Texas, indicating those are not active licenses), and operates alongside a branch office in Gilbert, Arizona under a separate NMLS ID.

WMB's product portfolio centers on alternative income-documentation pathways including No Doc (ND2), DSCR programs (I, II, III) underwritten on rental cash flow, PSA (Portfolio Special ARM), VOE (Verification of Employment), P&L programs, 1099 programs, and Bank Statement programs. Loan amounts range from $150,000 to $2,000,000 with maximum LTV of 75% and minimum FICO of 660; key features include no minimum DSCR requirement, no income documents for certain programs, 100% gift funds allowed including reserves, and one-month asset seasoning. Underwriting is manual. Supporting the broker channel is the ByteWeb broker portal for loan submission and tracking, a public pricing engine, daily rate sheets distributed by email, internally hosted income calculators, and a curated appraisal management vendor panel (American First, Appraisal Connections, Class Valuations, ProValNet, Suntender Valuations). There is no public API, no SDK, and no disclosed AI/ML capability.

Revenue is generated on a transaction-fee basis through origination fees on closed loans, with loans presumably sold into the secondary mortgage market. The firm employs 51-100 staff and appears to be a founder/management-owned private business with no disclosed institutional investors, funding rounds, parent company, M&A history, patents, or external recognition — limited public visibility into financial performance is the principal information gap for outside investors.

Name

Wholesale Mortgage Bankers

Legal name

Fidelity Lending Solutions, Inc.

Website

https://wholesalebankers.com

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

51–100 employees

Short description

Wholesale Mortgage Bankers is a private non-QM wholesale mortgage lender founded in 2012, originating alternative-documentation loans (DSCR, No Doc, VOE, P&L, 1099, Bank Statement) exclusively through licensed mortgage brokers serving self-employed borrowers and real estate investors across six U.S. states.

Ownership category

akta.pro rank

Product category

Wholesale Mortgage Lending

NAICS

Real Estate Credit (522292), Nondepository Credit Intermediation (5222), Credit Intermediation and Related Activities (522)

SIC

Mortgage Bankers & Loan Correspondents (6162)

akta.pro primary industry

Non-QM & Specialty Wholesale Lending (Bank Statement/DSCR/Alt-Doc) (FSALACAD)

akta.pro secondary industries

Wholesale Mortgage Lending (Broker Channel) (FSALACAA), Non-QM / Alternative Documentation Mortgage Origination (FSALAAAJ)

Keywords

• Wholesale mortgage lending
• Non-QM loan programs
• DSCR investor loans
• Broker loan origination
• Alternative documentation mortgages

Headquarters

HQ city

Brea

HQ country

United States

HQ region

North America

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Mortgage Origination: WMB originates mortgage loans through its broker network and generates revenue through origination fees charged on closed loans. Loans are likely sold to investors in the secondary mortgage market. The company offers various loan programs including DSCR (No Minimum DSCR), No Doc/Non-QM, VOE, P&L, 1099, and PSA programs with loan amounts ranging from $150,000 to $2,000,000.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Wholesale Mortgage Bankers originates non-QM residential mortgage loans through a network of independent mortgage brokers, providing DSCR, No Doc (ND2), PSA, VOE, P&L, 1099, and Bank Statement programs for self-employed, investor, and non-traditional-income borrowers. Brokers submit files via the ByteWeb portal for underwriting, pricing, and funding across eight licensed U.S. states, supported by an internal pricing engine, daily rate sheets, and an appraisal management desk.

Product overview

Wholesale Mortgage Bankers (WMB) operates as a wholesale mortgage lender offering a portfolio of non-qualified mortgage (Non-QM) loan programs designed for brokers to serve borrowers who don't qualify for traditional agency loans. The product suite centers on income verification flexibility through multiple documentation pathways: No Doc (ND2) for no income documentation, DSCR programs (I, II, III) for investor cash flow analysis, VOE programs for employment verification, P&L programs for business income, 1099 programs for contractors, and Bank Statement programs for self-employed borrowers. Supporting these core loan products are broker-facing tools including daily rate sheets, a web-based pricing engine, a broker web portal (ByteWeb) for loan submission and tracking, income calculation calculators, and access to approved appraisal management vendors. The company does not offer a public API or AI-powered features; all loan processing relies on manual broker submissions and traditional underwriting workflows.

Differentiator

Problem solved

Functional benefit

Products and services

• DSCR Loan Programs (I, II, III)

Quantifiable outcome

• No minimum DSCR requirement allows borrowers with negative cash flow to qualify
• +1 more outcomes

Segments2 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Scale indicators2 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• Plaza Home Mortgage: Wholesale and correspondent lender offering both agency and Non-QM programs; competes with WMB in the broker space across similar geographies.
• Stearns Lending: National wholesale and retail mortgage lender with a Non-QM product set; overlapping broker base and similar broker-channel distribution to WMB.
• Carrington Mortgage Services: Larger multi-channel mortgage lender with a meaningful Non-QM wholesale division; competes with WMB for broker business but also operates retail and servicing lines.
• NewRez (New Penn Financial): Large non-bank lender with a wholesale division (including Non-QM products); comparable broker-channel business model but broader agency and specialty footprint.
• Caliber Home Loans: National mortgage banker with a wholesale channel and Non-QM/alternative-documentation programs; broader product portfolio than WMB but overlapping broker relationships.

Emerging players

• A&D Mortgage: Non-QM wholesale lender focused exclusively on broker-partner originations; smaller-scale but direct competitor for Non-QM broker flow.

Direct peers

• Athas Capital Group: Wholesale Non-QM lender offering DSCR, bank statement, and investor loans to mortgage brokers, closely aligned with WMB's broker-channel Non-QM focus.
• Angel Oak Mortgage Solutions: Non-QM wholesale mortgage lender offering DSCR, bank statement, and alternative documentation programs through a broker channel—directly comparable product mix and GTM to WMB.
• Lima One Capital: Specializes in DSCR and rental-income investor loan products for real estate investors; overlaps directly with WMB's DSCR I/II/III programs and investor-borrower value proposition.
• Verus Mortgage Capital: Non-QM wholesale lender focused on alternative documentation and investor programs; competes head-to-head with WMB for broker-submitted Non-QM applications.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Wholesale Mortgage Bankers