Is table funding the same as wet funding? We are in CA a dry funding state, therefore in CA we can't table fund, is that correct?

Table funding is when you close the loan in the name of the brokerage, and the lender funds the loan, and then the title company immediately assigns the beneficial interest to the mortgage banker lender. Table funding is available in California, at the option of the mortgage banker lender. Table funding has been used in the past to avoid disclosure of YSP.