Dictionary of Real Estate Terms: table funding
table funding
the practice of originating mortgage loans with internal capital, until enough loans have been packaged for sale in the secondary market. Sale of the package allows the lender to recoup capital for further lending.
Example:The Great Mortgage Company originated 50 mortgage loans, table funding the loans with $4 million of company money. The loans are packaged and sold to freddie mac for $4.5 million.
