In August of this year, I began the search for a new mortgage company to work with / work for. I've made the comment more than once, that we were working 3 times as hard to close mortgage loans with about half of the revenue of previous years.
There is a natural expansion and contraction in business. While we have continued to be profitable and have delivered the highest level of customer service available, we have also faced significant challenges in the credit market and continued scrutiny at various levels of underwriting. Programs and products that we once accessible to brokers are either discontinued or are no longer available. The cheese moved. So as a business owner, I had to change my approach.
Here are 10 reasons why I chose and why you should choose Patriot Bank Mortgage. David Letterman drum roll please.
•10. We have $940 Million in assets and use our money to fund all closings. We will always have money available to fund loans!
•9. We have 3 Direct Endorsement underwriters at our corporate office on San Felipe and Voss and we're capable of underwriting all FHA loan programs internally.
•8. Our team of experienced processors and underwriters look for creative ways to approve and close "make sense" loans.
•7. We have a construction lending department for One Time Close construction loans as well as Purchase Plus financing for the "fixer up" projects.
•6. Because of our volume incentives, we offer better interest rates in comparison to brokers or any other mortgage company.
•5. We've maintained a fiscally responsible attitude towards spending and pass along those savings in significantly lower closing costs.
•4. We are licensed to lend in any state.
•3. Our FastTrack system can close a loan in 24 hours when necessary.
•2. We issue preliminary closing instructions to the title company at least 5 days prior to closing so the HUD-1 Settlement Statement is ready days before closing, not hours.
•1. You will receive the highest level of customer service from a team that is dedicated to making homeownership a reality for those who choose it.
The company name has changed. But the people and the commitment to helping families purchase, refinance, or build the home of their dreams remains the same. It has been 8 great years owning and operating New Horizon Mortgages and Truemark Lending, Inc. I thank each of you for your patronage and referrals. And I look forward to helping you and those that you refer to us in the future.
Jeffrey N. Anderson
Patriot Bank Mortgage