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Mortgage Bankers & Correspondents In Babylon

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Mortgage Bankers & Correspondents


Below is a list of businesses which provide Mortgage Bankers & Correspondents services. If you do not see your business in the list, you can submit it for addition to this list. Adding your business will feature your listing above Standard listings.
Standard Listings

Business Listing   America's Finest Brokers Inc - Babylon, NY - Phone: (631) 321-8600


Business Listing   Ameriquest Mortgage - Babylon, NY - Phone: (631) 376-0743


Business Listing   Applynowfree.com - Babylon, NY - Phone: (800) 913-9419


Business Listing   Auer Brian F - Babylon, NY - Phone: (631) 422-6006


Business Listing   Custom Capital Corp - Babylon, NY - Phone: (631) 669-2849


Business Listing   First Millennium Funding Inc - Babylon, NY - Phone: (631) 893-3400


Business Listing   First Rate Mortgage Corporation - Babylon, NY - Phone: (631) 321-6201


Business Listing   Full Spectrum Lending - Babylon, NY - Phone: (718) 459-6011


Business Listing   Guaranteed Home Mortgage Company Inc - Babylon, NY - Phone: (631) 661-7500


Business Listing   MTI Realty Group Inc - Babylon, NY - Phone: (631) 587-3900


Business Listing   National Settelment Svces Group LLC - Babylon, NY - Phone: (631) 661-7800


Business Listing   Tri-State Appraisal Group Inc - Babylon, NY - Phone: (631) 422-1800


Business Listing   Unicorn Research - Babylon, NY - Phone: (516) 273-8449


Business Listing   Viking Mortgage CO of NY - Babylon, NY - Phone: (631) 321-4600


Business Listing   Viling Mortgages Co. - Babylon, NY - Phone: (631) 321-6500


Business Listing   Washington Mutual-Financial Center - Babylon, NY - Phone: (631) 422-9054


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Helpful Definition for: Mortgage Bankers & Correspondents

Mortgage Bankers and Correspondents, in Babylon, 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 Babylon 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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