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Mortgage Bankers & Correspondents in Battle Ground, WA
First Independent Bank - Branches- Battle Ground- Branch Services - Battle Ground, WA - Phone: (360) 699-4362
Loansource - Battle Ground, WA - Phone: (360) 687-0538
Washington Mutual - Bank Locations- Battle Ground - Battle Ground, WA - Phone: (360) 687-3133
Wells Fargo Escrow Company - Private Mortgage Banking - Battle Ground, WA - Phone: (360) 687-0760
Helpful Definition for: Mortgage Bankers & Correspondents
Mortgage Bankers and Correspondents, in Battle Ground, 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 Battle Ground 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.
Recent Business News for: Mortgage Bankers & Correspondents
SunTrust Reaches $21 Million Settlement With US in Lending Case - Wall Street Journal (blog)
SunTrust Reaches $21 Million Settlement With US in Lending CaseWall Street Journal (blog)By Alan Zibel and Brent Kendall Discrimination in mortgage lending is not a relic of the past, according to top Justice Department officials. SunTrust Banks Inc.'s mortgage-lending unit has agreed to pay $21 million to settle charges that it ...and more »