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Home > Financial Services > Mortgage Brokers > Colorado Bankers Mortgage, Inc.
Colorado Bankers Mortgage, Inc.
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.
Colorado Bankers Mortgage is a Colorado corporation founded in 1985. At many financial institutions, the owners are tucked away in a private office, away from any customers. Its owners, Pam Meyer Crest, Bob Morgan and Linnea Zueck, are readily available to meet with you and answer questions at CBM’s convenient central location. CBM’s goal is to assist you in analyzing your disposable income, cash flow and property value. Their loan officers can discuss a number of options to help you purchase a home, lower your current house payments, get cash to pay for a needed home improvement, or to consolidate your debts.
They offer to their clients Home loan, Apartment and Commercial Loan and Emergency loan. In Home Loan Purchase, Refinance and Interest Rate. These all above services they offers to their clients. Rather than use a reliable mortgage loan company you recommended, your buyers found their own company, their own better deal. Unfortunately, the closing is delayed or there is no money at closing. Meanwhile, the seller cannot purchase their new home or accepts a backup contract.
They have no recourse provided that you have not signed a mortgage brokerage agreement. The loan is not made until it is accepted in writing by the borrower at closing. On a refinance, you even have three days to rescind. Even though the loan did not close with the other lender, they generally have the right to retain the upfront fees paid by the applicant.
CBM offers real estate professionals the ability to originate mortgages for their clients at reduced interest rates and fees. Only computerized loan originators under contract with CBM and their customers have access to this site.
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