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Home > Financial Services > Mortgage Brokers > Semper Financial Corp.
Semper Financial Corp.
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.
Reid Mack and Raymond Rodrigues, the two majority shareholders of Semper Financial have been in the mortgage banking business for the past ten years. After working together on several deals in the past, they began talking about opening their own mortgage firm. In early 2002 they decided to open a mortgage company, which was called Semper Financial.
They believe that they have a competitive advantage over other mortgage companies, because they offer their consumers a comprehensive selection of mortgage products. The process of obtaining a mortgage loan or refinancing a mortgage loan can be time consuming, frustrating and overwhelming for many consumers. Consumers want to make certain that they get the best rates on their mortgage loans. If they go to a large financial institution, such as Citibank or Bank of America, they may not get the best rates.
The companies believe these organizations have financial incentives to keep them with their financial institution, even if they do not offer the most comprehensive selection of mortgage products. Similarly, if they go to a small mortgage broker, it may not have access to the best mortgage products. Small mortgage brokers may not be approved by some of the more established lenders, such as Washington Mutual or Chase Manhattan which they have established excellent relationships with. They believe that they are able to solve these problems for their consumers.
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