The big interview: Why a lender's control over its own capital can make or break your deal
Max Slyusarchuk, founder and CEO of AD Mortgage, said the difference between a lender that securitizes its own loans and one that depends on outside buyers is larger than most brokers realize. "Once you securitize your own loans, it doesn't matter what happens on the market. Because the minute something goes wrong with the securitization, the market jumps, rates are off, all these investors all of a sudden say, 'I'm not buying.' So if you do not have your own access to the market, you are constantly getting squeezed every quarter."
