Q: If an FHA approved loan correspondent closes a loan in its name and is not table-funded by its sponsor, but rather is funded from its own funds or from a warehouse line of credit which it controls, is the correspondent considered a mortgage broker or a lender?

A: If an FHA approved loan correspondent closes a loan in its name and is not table-funded by its sponsor, but rather is funded from its own funds or from a warehouse line of credit which it controls, the correspondent is considered to be a lender.

This can be found in GFE-General – FAQ #15 of HUD’s FAQs.  HUD’s FAQs can be found at http://www.hud.gov/offices/hsg/rmra/res/respa_hm.cfm.