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Mortgage Bankers & Correspondents in Warren, OH
American General Financial Services - Warren, OH - Phone: (330) 392-7719
American General Financial Services - Youngstown - Warren, OH - Phone: (330) 372-9549
Barristers of Ohio LLC - Warren, OH - Phone: (330) 856-7600
Citifinancial - Warren, OH - Phone: (330) 369-6150
Citizens Financial - Warren, OH - Phone: (330) 395-9541
Countrywide Home Loans - Warren, OH - Phone: (330) 856-6998
Farmers National Bank - Warren - Warren, OH - Phone: (330) 369-5400
First Place - Warren, OH - Phone: (330) 373-1221
Franklin Bank SSB - Warren, OH - Phone: (330) 392-3005
GMAC Mortgage - Warren, OH - Phone: (330) 856-9628
Keyrock Financial Limited - Warren, OH - Phone: (330) 373-6005
National City - National City Mortgage - Warren, OH - Phone: (330) 856-7605
National Loan Centers - Warren, OH - Phone: (330) 369-5626
Schmidt Mortgage CO - Warren, OH - Phone: (330) 856-2300
Seven Seventeen Credit Union - Warren, OH - Phone: (330) 372-8100
Union National Mortgage - Warren, OH - Phone: (330) 856-3700
Wells Fargo Financial - Warren, OH - Phone: (330) 505-0244
Wells Fargo Home Mortgage - Warren, OH - Phone: (330) 856-5597
Helpful Definition for: Mortgage Bankers & Correspondents
Mortgage Bankers and Correspondents, in Warren, 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 Warren 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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