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Best mortgage bankers around?

Looking for other mortgage broker/bankers opinions...I am looking to join a mortgage banker to expand the products we can offer, the states we can originate in, etc. Seems as a "broker" there is someone with better pricing all the time now, and I am thinking it might be time to merge the company I own with a banker. Would love to hear everyone's opinion on which mortgage banker out there offers the most, is easy to work with, etc. Thanks!

Posted by Jeff Tompkins on 08/02/2007 09:17 AM

Comments (6)

mortgage banker

6 Comments on Best mortgage bankers around?

AUG

2007

I don't know about "the best", but Benchmark Mortgage is a great company - competitive rates, low fees ($375 per loan), no minimum requirement for in-house fundings, and they have 300 branches across the country. The main website is www.benchmarkbranchpartners.com.

Gareth, are they mortgage bankers, meaning do they have their own warehouse lines to fund their own loans?

Jeff: I have friends who work for M&T bank here in Seattle and seem to enjoy it. Check them out if they're in Denver. Good luck!

Paul

Yes, we are mortgage bankers with our own lines - totalling approximately $150mm. We are not a federally chartered bank, however - so we are required to be licensed in most states. We are exempt in a few.

CoFed (Colorado Federal) is another company, and they're actually a federally chartered bank. I don't have any contact info for them; just do a search on Google.

Let me know if you have any other questions.

AUG

2007

Jeff---

It comes down to one thing I believe...who do you market to? If you market to real estate agents and homebuilders, I believe you have to be a banker so you can "control" your loans as that's what they expect.

If you do mainly refinances, I don't see much difference.

I can tell you I have been a banker for over seven years and have brokered two loans in my life and pray I never have to broker another one.

We recently switched affiliations to become a net branch of Maverick Mortgage and we are thrilled by the move. We are currently licensed in 37 states and three more will be on-board by year's end.

Feel free to contact me and I can walk you through all of benefits.