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Home > Financial Services > Mortgage Brokers > Olympia Funding
Olympia Funding
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.
Customer service is not a cliché but is Olympia Funding standard and commitment since 1991. They grown rapidly as a result of this commitment and they recognized as one of the 10 fastest growing private companies in Silicon Valley in 2004. Olympia accommodates in-house appointments and sign-offs, with an emphasis on convenience for their clients. They maintain an excellent reputation for closing loans in a timely and professional manner. Their primary emphasis has always been providing exemplary customer service.
They funded over three Billion dollars of loans in 2004. They are affiliated with the Better Business Bureau, Chamber of Commerce, Board of Realtors, and other appropriate organizations in areas where they have offices. The company has priority broker status with Suntrust, Bank of America, Washington Mutual, Countrywide, and many other lending institutions. As a mortgage banker, they are also direct correspondents with many major lenders and can finance mortgages directly with their own warehouse line of credit. This means Olympia can fund deals other brokers cannot and they typically offer lower pricing than can be obtained by borrowers going directly to these lenders.
Mortgage rates fluctuate daily and sometimes several times during a given day. Rates are tied closely to the bond market and other economic news and are affected by your equity position, the type of property you own and your credit rating among other personal factors. To continue the pursuit of excellence of mortgage loan origination with such high standards that members of the community will recognize Olympia Funding, Inc. as the industry leader.
The Company is exceptionally proficient at grabbing 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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