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Mortgage Banking What's the difference between a mortgage banker and a mortgage broker--and what difference will it make to your loan? Mortgage brokers are simply go-betweens between the lender and the borrower. They do not make the lending decisions or fund the loan. The paperwork can get shipped around the country between the broker, lender, processor and closing agent. For brokers to obtain the status of your loan, they must try to get someone on the phone. Drake is a mortgage banking company specializing in home mortgages and refinancing. As such, we manage the loan from pre-qualification to closing. We offer the same rates as a mortgage broker, but the lending process is streamlined because we control every step of it. And Drake employs the best technology, so your mortgage banker knows the status of your loan every minute. And if your banker has a question about your loan, he or she simply walks down the hall to get the answer. The difference is service and speed. That's T h e D r a k e D i f f e r e n c e. sm
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Eagle Home Mortgage LLC. dba Drake Mortgage |
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