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Why Use a Mortgage Lender

Independent mortgage Lenders have had a significant positive impact on the lending industry. Today, the use of a professional mortgage Lender is one of the key strategies used by sophisticated borrowers.

What is a Mortgage Lender?

A mortgage Lender is an independent real-estate financing professional who specializes in the origination, processing, underwriting and funding of residential mortgage loans. A Mortgage Lender funds their own loans and then retains or sells the servicing (collection of the payments) of those loans to wholesale lending sources. A mortgage Lender is also an independent contractor working with (on average) as many as 10 selling channels at any one time to insure that you get access to the best rates and loan programs available. By combining professional expertise with direct access to hundreds of loan products, your local lender provides the most efficient way to obtain financing tailored to your specific financial goals.

What Do Mortgage Lenders Do?

In the volatile home-lending market, local mortgage lenders can serve as safeguards, offering their clients security, safety, and peace of mind and one stop shopping. One of the lender's most important functions is escorting your loan application through the entire process, constantly patrolling the component transactions for possible breakdowns. A professional mortgage lender can wade through the mountains of rate data and program options, researching current market conditions to find the most accurate and up-to-date information about cost-effective loan options.

Local Lender's Handle the Details!

There are literally thousands of variables that can affect the outcome of your mortgage transaction. That's why you need a mortgage local lender to act as a liaison between the title and escrow company, real estate agent, appraiser, credit agency, the underwriters, the processors, attorneys, and any other services which may affect your transaction.

A mortgage lender also:

  • Offers you Local Underwriting and Processing for your loan file
  • Gets you the quick decisions you need to purchase or refinance your home fast
  • Discusses and explains financing programs and options
  • Informs you, in writing, of lock-in options
  • Explains all documents of the loan application
  • Explains all associated costs of the loan application
  • Explains the disbursement of all loan applications
  • Explains the loan process, from application to closing
  • Provides you with a good faith estimate of cost and fees
  • Communicates with you throughout the loan process in a timely manner
  • Coordinates the final closing of your transaction
Direct:  (860) 233-5626
Toll Free:  (800) 422-0247
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