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Mortgage Bankers & Correspondents in Three Rivers
Below is a list of businesses listed within our directory. If you do not see your business within the list below, you can submit it for addition to this list. Adding your business will feature your listing above Standard listings.
American Home Mortgage - Three Rivers, MI - Phone: (269) 273-9125
First National Bank of Three Rivers - Main OFC - Three Rivers, MI - Phone: (269) 273-1715
Flagstar Bank - Three Rivers, MI - Phone: (269) 273-8397
Kastco Credit Union - Three Rivers, MI - Phone: (269) 273-8749
Mortgage Plus of America Corporation - Three Rivers, MI - Phone: (269) 273-1040
Helpful Definition for: Mortgage Bankers & Correspondents
Mortgage Bankers and Correspondents, in Three Rivers, 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 Three Rivers 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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