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Home > Financial Services > Mortgage Brokers > ERATE.
ERATE.
A Mortgage is a document that contains the details of an agreement between two parties. One of which is a borrower and the other party is a lender. The Agreement will include information like, Loan amount, Time period of the loan, Interest and the collateral on the loan which is normally the property being bought. A mortgage broker is generally a person or company whose expertise lies in the field of mortgage laws, properties available for sale, and loan procedures. They provide these services to clients for a fee which is usually a percentage of the loan or property amount.
At Erate when they say exceptional service and not just providing lip service, they will gladly stand by your commitment to you. Their parent company, Progressive Capital Funding Corp, is proud to have earned the Value Star certification for providing superior customer service, having been independently audited for customer satisfaction. Erate is licensed with the Department of Real Estate as a California broker they are approved with many wholesale mortgage lenders and banks throughout the country, offering lower rates on a wholesale basis to make available directly to you. They serve its mortgage customers by searching the database of lenders to provide you with the loan program best which suited to meet your needs along with their most competitive interest rates.
Erate is comprised of mortgage loan experts at every level within the company. Their founders have over 30 years of mortgage origination expertise. The mortgage industry had been slow to automate and re-examine outdated pricing practices but a dramatic shift in technology advances via the internet has allowed for a sizable reduction in loan processing costs which can be passed onto the consumer. The founders of Erate, Nancy Osborne and Jeff Howard, were eager to abandon the old school arbitrary mortgage origination practices and progress onto a rate and technology driven market that is consumer driven. In fact in 1994 Loan World, which later became Erate when it merged with Progressive Capital, was the first mortgage broker to provide mortgages via the web.
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