What is the difference between having a mortgage banker or a mortgage broker handle your loan transaction, and how will this decision affect me and my family?

Mortgage brokers are simply middle-men between the lender and the borrower. They can not make loan decisions, and they do not have the financial strength to fund your loan at closing. The two most important functions: getting approved and getting the money, is outsourced, sometimes to out of state lenders.

It is extremely difficult to control a loan transaction when paperwork can get shipped around the city or country between the broker, lender and title closing agent. In most cases, for brokers to determine the status of a loan file, they must hope the phone call gets through.

HMC is an independent mortgage banking firm specializing in home mortgages and refinancing. We control all aspects of your loan from pre-qualification, application, processing, underwriting, overseeing the drawing of your loan documents and providing the funds to make sure your transaction is completed when the closing papers are signed.

Our streamlined processing approach, utilizing our sophisticated technology, allows us to control the speed of the lending approval process from beginning to end. Our real estate attorneys can draw the closing documents in advance for your review, making the closing experience a celebratory event!

Finally, the real power of our service is the expanded number of loan products we have available to us over a broker. This is the difference in providing a solution to any challenge at a competitive rate with lower closing costs.