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Home > Financial Services > Mortgage Brokers > Meridian Mortgage
Meridian Mortgage
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.
Meridian Mortgage is a young, Australian owned mortgage lender that launched in 2003 in response to broad dissatisfaction and disillusionment with the poor level of professionalism, customer service and skill within the mortgage industry.
Through their extensive industry experience and strong customer focus, they are able to provide an innovative approach to loan assessment, the latest technology to allow efficient processing of your application and a comprehensive range of products and services certain to meet your individual needs. They value their clients and continuously work to provide with unparalleled value added benefits.
Meridian Mortgage primarily uses a funding process known as Mortgage Securitisation where mortgage backed bonds are issued on the money market for investors such as insurance companies, Government funds, large superannuation funds and other institutional investors to buy. These mortgage bonds are rated AAA by independent rating agencies such as Standard & Poors and Fitch.
They can arrange finance of commercial, office, and industrial, retail, residential, hospitality orientated and some recreational property throughout Australia. As commercial finance is much more case-by-case than residential finance, their funding is sourced from a range of lenders depending on the borrower’s circumstances and requirements.
The firm is made up of dynamic people who, through their desire and drive to be successful by exceeding customer expectations have contributed significantly to their tremendous growth. They continue to build on their success through the calibre of their people, product and ability to innovate and deliver the levels of service excellence that sets new standards in the mortgage market.
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