Top 2 Best Companies for Mortgage Bankers & Correspondents Near Lake City

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Top 2 Best of Mortgage Bankers & Correspondents Near Lake City
Below is a list of businesses which provide Mortgage Bankers & Correspondents services. If you do not see your business in the list nearby, you can submit it for addition to this list. Adding your business will feature your listing above Standard listings near you.

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  • Business Listing

    Douglas E. Jensen - Colorado Mortgage Broker

    I have been providing mortgage related services in the State of Colorado for the last seventeen (17) years. While I specialize and am considered an expert in Reverse Mortgages for Seniors over 62...

    Lake City ( co ) ~ (720) 336-7250

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What Is: Mortgage Bankers & Correspondents?

Mortgage Bankers and Correspondents, in Lake City, 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 Lake City 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.