What is the name of a lending arrangement where mortgage brokers can originate, close, and fund loans using the funding lender's money?

The correct answer identifies a lending arrangement known as Table Funding, where mortgage brokers have the ability to originate, close, and fund loans utilizing the funds provided by a lending institution. In this process, the broker acts as an intermediary, handling the transaction workflow while the actual capital comes from a third-party lender. This arrangement allows brokers to facilitate loans without having to use their own funds, making it a popular choice in the industry due to its efficiency and the reduced financial burden on the brokers.

This method contrasts with other approaches where funding may not be as streamlined or where brokers would need to secure their own financial resources to close deals. Understanding Table Funding is crucial for mortgage professionals because it plays a significant role in how transactions are structured in the market, impacting both the speed and the financial dynamics of loan processing.