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Mortgage Bankers & Correspondents in Beltsville, MD
1st American Financial Corporation - Beltsville, MD - Phone: (301) 586-8900
Allegiance Bank NA - Beltsville, MD - Phone: (301) 937-9766
Allied Home Mortgage Capitol Corp - Beltsville, MD - Phone: (301) 572-2777
Bank Of America - Beltsville, MD - Phone: (301) 572-1710
BB & T - Beltsville, MD - Phone: (301) 929-5409
Benifit Funding Corporation - Beltsville, MD - Phone: (301) 595-7800
Chevy Chase Bank - Branch Offices - Beltsville, MD - Phone: (301) 595-1860
Citizens National Bank - Beltsville, MD - Phone: (301) 937-4520
Creimco Management - Beltsville, MD - Phone: (301) 937-3699
First Franklin Financial Inc - Beltsville, MD - Phone: (301) 595-8060
First Metropolitan Mortgage Inc - Beltsville, MD - Phone: (301) 572-6820
Greater Washington Mortgage Inc - Beltsville, MD - Phone: (301) 937-0872
Norman S Thomas Ins Agcy Inc - Beltsville, MD - Phone: (301) 595-4347
Premier Mortgage Funding Inc - Beltsville, MD - Phone: (301) 931-7700
Presidential Bank Mortgage Inc - Beltsville, MD - Phone: (301) 931-9500
Riggs - Beltsville, MD - Phone: (301) 887-6000
US Express Funding Inc - Beltsville, MD - Phone: (301) 586-0555
Helpful Definition for: Mortgage Bankers & Correspondents
Mortgage Bankers and Correspondents, in Beltsville, 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 Beltsville 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.
