Where To Get The Best Service In The Mortgage Industry?

April 23rd, 2012

I have cited a thorough and expensive research study several times recently in other blog posts. One message I have not relayed that comes from the data in that study is how poorly the big banks are at execution when it comes to doing mortgages in a timely and efficient manner. I will cut and past comments directly from the study that quotes numerous Realtors, and I will let their comments speak for themselves. Consumers deal with mortgage transactions once every 3-7 years, but Realtors deal with loans every day, and their opinion is the most valid, unbiased and relevant. I have heard a lot of reasons as to why a homebuyer thinks its best to get a mortgage from a big bank, all of them are wrong headed. I hear Read the rest of this entry »

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What Is The Difference Between A Direct Lender, Mortgage Broker And A Bank?

July 6th, 2011
brain-martucci-get-loans-what-is-the-difference-between-mortgage-broker-direct-lender-bank-mortgage-comparison

The way that a mortgage lender is structured is critical in the current mortgage environment. One structure that is getting a lot of attention is direct lenders (aka mortgage bankers). What that means is that the lender is allowed to do the appraisal in-house, the underwriting in-house, preparation of the closing documents, etc. You could say they operate as if they were the bank. Further, Read the rest of this entry »

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