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Mortgage Bankers & Correspondents in Marion, OH
Advantage Finance Inc - Marion, OH - Phone: (740) 375-8880
AG Credit - Marion, OH - Phone: (740) 387-2270
American General Financial Services - Marion, OH - Phone: (740) 389-5427
Broadview Mortgage CO - Marion, OH - Phone: (740) 383-1011
Citifinancial - Marion, OH - Phone: (740) 375-6818
Colony Mortgage Corporation - Marion, OH - Phone: (740) 375-8737
Commercial Savings Bank - Marion - Marion, OH - Phone: (740) 375-5976
Common Sense Mortgage Services - Marion, OH - Phone: (740) 223-0850
Cornerstone Mortgage - Marion, OH - Phone: (740) 387-6844
Countrywide Home Loans - Marion, OH - Phone: (740) 725-9171
Fifth Third Bank - Marion, OH - Phone: (740) 389-1585
First Resource Federal Credit Union - Marion, OH - Phone: (740) 383-5281
Highland Mortgage Corporation - Marion, OH - Phone: (740) 375-5626
Liberty Financial Services - Marion, OH - Phone: (740) 386-5055
Marion Bank - Marion, OH - Phone: (740) 389-4319
Sky Bank - Marion, OH - Phone: (740) 389-5471
Sunrise Mortgage Services Inc - Marion, OH - Phone: (740) 382-0507
Three C Credit Group - Marion, OH - Phone: (740) 223-3704
Township Mortgage Centers - Marion, OH - Phone: (740) 383-2258
Value Financial Mortgage Svc Inc - Marion, OH - Phone: (740) 382-2424
Helpful Definition for: Mortgage Bankers & Correspondents
Mortgage Bankers and Correspondents, in Marion, 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 Marion 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.
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