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Home > Financial Services > Mortgage Brokers > A Accredited Home Mortgage
A Accredited Home 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.
In September 1990, former Security Pacific Financial Services CEO Jim Konrath and former venture capitalist Ray McKewon launched Accredited Home Lenders, with the goal of becoming the best-managed non-prime lender in the U. S. The firm originated both retail and wholesale loans using the personal funds of its founders. By obtaining its first warehouse line in 1994, and shortly thereafter receiving a capital infusion by two venture capital concerns Cross point Venture Partners and Enterprise Partners Venture Capital the firm acquired greater access to capital and the ability to double its loan production at the time.
The firm is one of the nation's premier mortgage banking companies engaged in the business of originating, financing, securitizing, servicing, and selling residential mortgage loans that do not conform to the credit or other criteria established by Fannie Mae and Freddie Mac. The firm loans are referred to as non-prime mortgage loans. Unlike competitors, the firm compensates employees on margin, quality, and profit, not volume.
The firm emphasizes rewarding quality and results, not volume and activity. Incentives are based on being able to meet customers' needs profitably and are offered at all levels of the organization. The profit culture includes credit disciplines and portfolio quality, as well as strong cost disciplines.
The firm is dedicated to a goal, which is to save you money, distress and time and they guarantee results. Whether you are a new residential homebuyer, a seasoned commercial developer, or simply refinancing an existing mortgage, the Company offers the best package of service, rates, and closing finesse few in the industry can come close to.
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