A frequent asked question is “Why use a Mortgage Broker?” There are a wide range of reasons. Let’s try to touch on the main benefits:
A Mortgage Broker can act as your mortgage agent in a very fluid business. There are so many aspects when considering today’s mortgage products it is almost impossible to stay current on the best products and features.
A Mortgage Broker deals with all types of lenders, from lenders with retail fronts, such as your local bank, to lenders who exclusively sell their mortgage products through Mortgage Brokers alone. Yes, when you walk into a bank you are only receiving retail mortgage rates. Additionally, most banks have narrow mortgage products to offer the borrowers. So, the borrower may not be given the best product to meet his/her requirements.
A mortgage broker has the ability to discuss your particular requirements with several lenders at once in order to compare rates. When you place your information on large national website they take your information and sell it to various Mortgage Brokers who in return will look for rates for you. Some sites may sell your information to 5-10 Mortgage Brokers. This is why many borrowers are swamped with daily calls from loan officers.
On our website, Acorn Home Mortgage, your information is secure and will only be used by a mortgage professional. We do not sell your information. We review lenders and product guidelines as they change. We attend Mortgage Industry Trade Shows to remain current with market trends and new mortgage products.
Mortgage Brokers develop business relationships with lenders which enables them to work through specific requirements. In many cases those requirements can be minimized by the mortgage brokers understanding of underwriting. This is where a good Mortgage Broker’s knowledge is beneficial to the borrower.
Approximately, 60% of all mortgages written in the US are originated by Mortgage Brokers. The Mortgage Brokers should be knowledgeable and flexible to meet your needs. We work for our clients.
The partners focus on maintaining a high level of customer service, repeat business and professionalism. Their business experience spans over 60 years with companies such as GE and Citibank bio. We are committed to offering the best mortgage products to our clients while maintaining a high standard for our lenders. We review lenders after each and every closed loan to find ways to improve the process for the benefit of our clients. Our knowledge of the mortgage process and business relationships enables us to act as the client’s advocate when submitting each loan. This ensures that the client’s information is properly submitted to the lender and that the loan is properly followed up by our professional staff of processors.
We are available to our clients via cell phones and email. Our clients enjoyed the experiences and readily recommend us to their friends. Whether our client is a first time home buyer, refinancing or buying their next home we are focused on meeting our client’s mortgage needs. What our customers have to say about us!