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Find a Business Near: West Babylon, NY

Mortgage Bankers & Correspondents In West 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   CitiFinancial Inc - West Babylon, NY - Phone: (631) 669-0373


Business Listing   Dookram Winston Insurance Agency Inc - West Babylon, NY - Phone: (631) 661-1300


Business Listing   Pinnacle Constructors and Builders - West Babylon, NY - Phone: (631) 661-2200


Business Listing   R A C Mortgage Services - West Babylon, NY - Phone: (631) 661-8692


Business Listing   South Shore Mortgage CO - West Babylon, NY - Phone: (631) 321-9500


Business Listing   Southern Star Mortgage - West Babylon, NY - Phone: (631) 587-5400


Business Listing   Washington Mutual-Financial Center - West Babylon, NY - Phone: (631) 661-0200


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Helpful Definition for: Mortgage Bankers & Correspondents

Mortgage Bankers and Correspondents, in West 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 West 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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