Why use a Mortgage Broker
In the past 20 years mortgage brokers have had a significant positive impact on the lending industry. Today the use of a professional mortgage broker is one of the key strategies used by sophisticated Borrowers.

What is a Mortgage Broker?
A mortgage broker is an independent real estate financing professional who specializes in the origination of residential mortgage loans. Mortgage brokers normally pass on the actual funding and servicing of loans to "Wholesale Lending Sources". A mortgage broker is also an independent contractor working on average, with 40 lenders at any one time. By combining professional expertise with direct access to hundreds of loan products, your broker provides the most efficient and cost-effective method of obtaining suitable financing tailored to specific financial goals.

What Do Mortgage Brokers do?
Mortgage Brokers are like " Policemen" offering their clients security, safety and peace of mind. One of their most important functions is escorting your transaction through the loan process, constantly patrolling the transactions for possible breakdowns.

A professional mortgage broker can wade through the mountains of rates and programs, researching current market conditions to provide you with the most accurate and up-to-date information on cost-effective loan options

Brokers 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 broker to act as liaison between the title and escrow company, real estate agent, lender, appraiser, credit agency, the underwriters, the processors, attorneys and any other services that may effect your transaction. A mortgage broker also:
Discusses and explains financing program 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

Brokers and loan officers are your resource for questions or concerns after your transaction closes.

What is an Up Front Mortgage Broker?