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Home > Financial Services > Mortgage Brokers > Eustis Mortgage Corporation
Eustis Mortgage Corporation
A mortgage broker is an individual or firm that acts as an independent agent for both the borrower and the lender of a mortgage loan. Mortgage brokers are the middleman between you and the lending institution, which can be a bank, trust company, credit union, Mortgage Corporation, finance company or even an individual private investor. A mortgage broker will analyze your financial situation to determine which lender is the best fit for your loan needs. He or she will submit your mortgage application to one or more lenders in order to sell it, and works with the chosen lender until the loan closes. He or she receives a commission from the borrower if the loan closes.
With a small amount of capital, Laurance Eustis founded Canal Mortgage in 1956 as an adjunct to the 10 year old Eustis General Insurance Agency. The Company's first success was to acquire the substantial Guardian Life loan servicing portfolio from a local builder. In 1959, the name of the company was changed to Laurance Eustis Mortgage Corporation LEMC. The company produced single-family and small multi-family loans. Beginning in 1960 with The Life-Insurance Company of Georgia, LEMC established correspondences with a number of companies, including Life Casualty of Tennessee, that are still thriving 40 years later.
The company continued to grow and in 1976 returned to the single-family loan business just as Robert Eustis joined the firm. Larry ran the income property operations, while George and Robert ran the single family operations. LEMC expanded in the early eighties and by 1986 it employed 96 people servicing a broad spectrum of commercial and single-family loans.
In the 1990's, the company, now renamed Eustis Mortgage Corporation, experienced its most successful years, closing record levels of income property and single-family loans. The firm now has a staff of 55 and production offices in New Orleans, Baton Rouge, and Deridder, Louisiana.
Many of their clients have been coming back again and again since they opened their doors almost 50 years ago. They know the clients can always rely on them for the information and service they expect. The Company is uniquely adept at seizing promising opportunities. The Company continues to expand its horizons in finance setting standards of excellence in multiple fields and transforming promise and potential into economic realty.
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