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Home > Financial Services > Mortgage Brokers > Wymac Capital, inc.
Wymac Capital, 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.
Wymac Capital is a mortgage brokerage company and mortgage banker that was founded in 1990 by Darrell Wiley and Russell McDonald. They currently works with more than 300 banks, thrifts and other funding sources and has closed loans with over 100 funding sources. They are currently licensed in California, Oregon, Washington, Utah, Arizona, Idaho, New York and Wyoming.
The Company represents the borrower and is able to counsel the borrower with a variety of different loan programs and give the borrower many more options than can be found by going directly to a single lender. Since their lenders give them wholesale pricing, they are usually able to offer the same or better pricing that the borrower would get from a given lender's retail loan centers.
Company loans include fixed rate mortgages, adjustable rate mortgages and hybrid loans. This Company is continually looking for additional ways to meet the needs of their own clients as well as the clients of their strategic partners.
While their primary focus remains on residential mortgages at this time, they are also offering these other services in an attempt to become a one stop shop for your financing needs to the include Commercial Mortgages, Business Financing, Equipment Leasing, Factoring.
The Company continues to form strategic alliances that allow in revenue sharing for both Real Estate Finance and Equipment Leasing. Rate Analyzer is a proprietary database that they use to track the current status of its clients loans against current market conditions. They are constantly using RateAnalyzer to ensure their clients have the best interest rates available.
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