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Home > Financial Services > Mortgage Brokers > karen Norlin & Associates
karen Norlin & Associates
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 her ability to wear several different hats former educator, businesswoman, taxpayer, mother, and wife Karen easily relates to her clientele. With a Master's degree in Education and many years of experience in residential lending, Karen brings a unique combination of formal educational training, teaching experience, and community service to her work. In addition, Karen has been an affiliate of the Wenatchee Association of Realtors since 1985, and was awarded the Affiliate of the year. She is an active member of the Association of Professional Mortgage Women since 1987. As a mortgage broker, she participates in activities organized by the Washington Association of Mortgage Brokers.
Mortgage Brokers are mortgage origination and processing specialists. They take your application, gather all necessary documentation, obtain your credit, appraisal and title reports, and prepare your loan package for approval. They are approved with several lenders, allowing they match your home loan needs with the right lender and the right loan for you.
As your mortgage broker, they save you time by shopping lenders for you. When you apply with them, one application can be used to access the programs offered from several lenders. If your needs change during the process, they work with you to amend the terms and obtain the loan that fits your needs. They follow your loan from the beginning through the date of funding. They keep you informed throughout the process. We'll also ask you for additional information, should it be needed to speed things along.
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