Impac Mortgage Re-Enters Warehouse Lending Space

Irvine, Calif.-based Impac Mortgage Holdings Inc. says that as a part of its mortgage lending expansion, it has re-entered the residential warehouse lending business through its new division, Impac Warehouse Lending.

Impac Warehouse Lending will provide funding facilities to all lenders but initially will focus on smaller mortgage bankers and credit unions, including some of Impac Mortgage's current correspondent customers, according to the company.

The new division will be financing conforming loans and jumbo loans up to $3 million, as well as high loan-to-value ratio (LTV), Home Affordable Refinance Program (HARP) products up to 150% LTV.

Impac Warehouse Lending is currently accepting applications for employment.

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