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Home > Financial Services > Mortgage Brokers > The Oak Financial Group.
The Oak Financial Group.
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.
The Oak Group is a privately held company based in Wellesley, Massachusetts and strategically located in the heart of Boston’s high technology corridor, an area that is home to many of the most renowned medical facilities in the world.
The Company was formerly known as Utilization Management Associates, which was founded in 1987 to develop a more modern and more stringent set of managed care criteria based upon the Appropriateness Evaluation Protocol. In 1996, The Oak Group acquired UMA and initiated a comprehensive review and improvement program based around the emerging needs of American and Canadian health care organizations.
Their complete line of decision support products are based on their fundamental methodology, the Managed Care Appropriateness Program, which is clearly shown in documented independent research and client surveys to provide the highest level of accuracy, reliability, specificity, and sensitivity available when used by appropriately trained non physician users in evaluating hospital admission records.
At The Oak Group they understand that your job is about more than just quality case management. Case management is the cornerstone of health care quality. To deliver the highest quality of care, health care organizations must employ best practices clinical procedures, they must also be able to efficiently allocate scarce human, facility, and financial resources to the activities that have the greatest impact on care delivery.
At The Oak Group, they understand that the decision to select a decision making tool like MCAP, or to change from one utilization management tool to another, is a major step for any organization ,one that involves clinical, technical and financial considerations.
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