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Why Use a Mortgage Banker

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

What is a Mortgage Banker?

A mortgage banker is an independent real-estate financing professional who specializes in the origination of residential mortgage loans. Mortgage bankers have the ability to underwrite and fund loans with their own money or they can broker loans, whatever is best for the customer.   A mortgage banker works with multiple sources of loans at any one time. By combining professional expertise with direct access to multiple loan products, your banker provides the most efficient way to obtain financing tailored to your specific financial goals.

What Do Mortgage Bankers Do?

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

Bankers 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 a liaison between the title and escrow company, real estate agent, lender, appraiser, credit agency, the underwriters, the processors, attorneys, and any other services which may affect your transaction.

A mortgage banker 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
OPTION FINANCIAL, LLC
6551 Harrison Avenue, Cincinnati, OH  45247
Office:  (513) 598-5900
Fax:  (513) 598-5153
foberle@optionfinancial.com
Copyright © 2017 Option Financial, LLC (NMLS #2380)
A subsidiary of New Foundation Savings Bank (NMLS #487896)

Copyright © 2008 OPTION FINANCIAL, LLC

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