Virtual Loan Officer :: Mortgage Market

Get a Wholesale Rate Quote!

In this day and age of technology and sophistication, it still confounds me that the community at large believes that somewhere out there, there is a better "deal" to be had. As much as I hate to use the term "deal" it is used often by people in our industry and the public at large. Referring the best price on a home mortgage, of course, everyone wants the best "deal", but is that possible? When I work with my clients, as I have for 18 + years, I have found that it is beneficial not only for them, but for myself as well, to provide them with a wholesale rate quote. This brings up many interesting questions and possibly concerns about proprietary information, etc., etc., however I prefer to remove myself from the position of sales, educating my customers, making them responsible for the price they choose.

Let me explain.Typically mortgage brokers, bankers and lenders post prices on various loans for consumers with few if no options. As a mortgage broker, I provide the wholesale pricing guides to my clientle so that they can make the decision as if they were the loan officer. This removes my job as salesman, lowering my risk, and placing me on the consumer level, responsible now, for advice on the best way to package the loan, the varous benefits regarding the many types of loans, the argument of high rate-low fee vs. low rate-high fee and everything in between.

Each institution no matter how big or small, ultimately in some form or another sells their loan to FNMA, FHLMC (Gov. Sponsored Loan Agencies) or some other major market conduit.

Essentially, what I am saying is "we all go to the same well for the same bucket of water ".

Follow this link Wholesale Rate Quote and get your wholesale rate quote, then you decide on the rate and points and I'll advise you on how to package your mortgage and get it closed.

posted by William Hobbs @ 8:09 AM