Defy Wholesale is a wholesale mortgage lender. That means we do not lend to consumers — we lend through you. Every loan in this channel comes from a licensed mortgage broker or third-party originator, and the borrower relationship stays yours from the first scenario to the last payment.
A wholesale mortgage lender funds loans that someone else originates. The broker finds the borrower, gathers the file and structures the scenario. The wholesale lender prices it, underwrites it and funds it. The borrower works with the broker the whole way through.
Defy Wholesale works exclusively with licensed mortgage professionals and does not lend directly to consumers. There is no retail desk on the other side of the building and no consumer-direct funnel competing for the same borrower. When a file comes in, the only question we are answering is whether we can get it done for you.
What brokers come to us for is the deal nobody else will touch. Investor DSCR with no income and no employment documentation. Self-employed borrowers whose tax returns tell the wrong story. Foreign nationals. ITIN borrowers. Short-term rentals with no operating history. Five-to-nine unit and mixed-use. Second liens. Blanket portfolio loans across multiple doors.
Our partners are licensed mortgage brokers, loan officers at brokerage shops and other third-party originators. Most of the files they send are business purpose investor loans: rentals held in an LLC, short-term rentals, small multifamily and whole portfolios. The rest are self-employed and alt-doc borrowers whose income is real but does not show up cleanly on a tax return.
Every program is priced and underwritten for the wholesale channel. The figures below are program caps, not quotes. Rates, terms and guidelines change, so confirm any scenario in PriceIQ before you quote it to a borrower.
Getting approved is one application. The broker package runs seven steps and takes most shops about 15 minutes. Have your NMLS number, your officers and an authorized signer ready before you start.
Most partners are approved in as fast as 24 hours after the package is submitted. There is no minimum volume and no commitment: send one file a year or one a week.
Once you are approved, you price in PriceIQ, submit through DEFY ONE and take guideline questions to Mila AI or the Deal Desk. DEFY ONE returns automated underwriting decisions in under 90 seconds, so you know where a file stands before you set borrower expectations.
Defy Wholesale offers investor business purpose lending in 39 states: AL, AR, CA, CO, CT, DE, FL, GA, HI, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MS, MO, NE, NH, NJ, NM, NY, NC, OH, OK, PA, RI, SC, TN, TX, VA, WA, WV, WI, WY. Primary and second home transactions are available in AL, CA, CO, FL, GA, TN and TX. Ineligible states: AK, AZ, ID, MN, MT, ND, NV, SD, OR, UT, VT and DC.
Availability can change, so check the lending area map before you quote a property, and price the scenario before you promise a borrower a number.
We write portfolio business purpose loans in 39 states. We are not trying to be the biggest wholesale lender in the country. We are trying to be the one you call when the file is hard and the clock is running.
The honest comparison happens file by file. Run the same scenario through PriceIQ and through your current lender, then compare the price, the conditions and the time it takes to get a decision. We also publish side-by-side pages for the lenders brokers ask us about most often.
What we will not do is compete with you. Defy has no retail channel, so a borrower you bring to us stays your borrower.
A wholesale mortgage lender funds loans originated by licensed mortgage brokers and other third-party originators instead of lending directly to consumers. Defy Wholesale works exclusively with licensed mortgage professionals.
No. Every Defy loan comes through a licensed mortgage broker or third-party originator. There is no retail or consumer-direct channel competing for your borrower.
Most partners are approved in as fast as 24 hours after submitting the broker package. There is no minimum volume and no commitment.
Investor business purpose lending is available in 39 states. Primary and second home transactions are available in AL, CA, CO, FL, GA, TN and TX. Ineligible states: AK, AZ, ID, MN, MT, ND, NV, SD, OR, UT, VT and DC. The lending area map has the full list.
Investor DSCR, short-term rental DSCR, Non-Agency bank statement, P&L and 1099 programs, 5-9 unit and mixed-use, Foreign National, ITIN, DSCR and Smart Equity second mortgages, and Blanket Loans by MORTAVA.
Use PriceIQ inside DEFY ONE for instant scenario pricing (guest access, no login), Mila AI for guideline questions, or the Deal Desk for structuring help from an underwriter.