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Mortgage Bankers & Correspondents in Athens, AL
American General Financial Services - Athens, AL - Phone: (256) 233-1442
Citifinancial - Athens, AL - Phone: (256) 232-7803
Compass Bank - Athens, AL - Phone: (256) 232-4060
Cornerstone Mortgage - Athens, AL - Phone: (256) 232-9040
Courtesy Mortgage - Athens, AL - Phone: (256) 216-0202
Family Security Credit Union - Athens, AL - Phone: (256) 771-1200
Federal Land Bank Association - Athens, AL - Phone: (256) 232-0344
First State Loans Inc - Athens, AL - Phone: (256) 232-3800
Hilton Mortgage Corporation - Athens, AL - Phone: (256) 233-0445
Mortgage America - Athens, AL - Phone: (256) 232-2050
New South Federal Savings Bank - Athens, AL - Phone: (256) 232-5079
Platinum Mortgage - Athens, AL - Phone: (256) 262-2070
Redstone Federal Credit Union - Athens, AL - Phone: (256) 233-2680
Regions Mortgage Inc - Athens, AL - Phone: (256) 233-8802
Helpful Definition for: Mortgage Bankers & Correspondents
Mortgage Bankers and Correspondents, in Athens, are banking agents or intermediaries, who mediate between their clients and the banks for which they work. Their job is to ease the process of applying for and availing loan or a lien amount from a bank for their clients, to help them ( the clients) satisfy a debt or serve an emergency, by mortgaging a personal property of value with the bank, against an interest rate. The mortgage helps in securing loan from the bank for an agreed period, and can be reclaimed upon payment or performance according to stipulated terms. A mortgage banker or a correspondent in Athens communicates with the client and the bank over all the essentials for a loan; they gather important data and financial records of their client for the bank, to ensure that the former (the client) is an eligible candidate for the loan. Terms and conditions like loan period and rate of interest ,are stated on bank documents as per the individual's financial history. In this respect, a mortgage banker is held totally accountable for his clients to the bank.
