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.
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.
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.
Cofed with Craig Pica is probably not an option...ever close a loan with PF?
http://www.ots.treas.gov/?p=InstitutionSearch&iid=18114&hid=
http://www.rockymountainnews.com/news/2008/jul/16/11th-hour-deal-averts-closure-of-colo-thrift/
Benchmark is a stable company but the pricing in my opinion is
probably not any better than what you have now...
Maverick ? Don't know a whole lot about them but these types of headlines are
usually not a good sign...http://www.brokeruniverse.com/grapevine/thread/?thread=492942
M&T has a wholesale op's in Denver but is not set up for origination here.
The future of wholesale is certainly the $64,000 question...Any bank that's worth going
to is being extremely selective right now..
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