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Home > Financial Services > Mortgage Brokers > MallBanc Mortgage
MallBanc Mortgage
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.
Mall Banc Mortgage is a National Mortgage Lender with offices located in beautiful Clearwater, Florida. We have assembled a portfolio of the nation’s top wholesale lenders offering Conventional, Prime and Sub prime mortgage loans. This enables you and your employees, the resources needed to be competitive and productive. If you have a favorite lender that provides a good service, let them know so they can be added to Mall Banc’s portfolio of lenders.
An associate branch is not a net branch but a unique associate arrangement with Mall Banc Mortgage. The Associate Branch Manager receives 100 percent of the earned funds from the closed loan, less MBM administration fees. These funds are deposited by MBM into the branch account and used by the branch manager to pay commissions and branch bills.
MBM Associate Branch program is in compliance with all regulatory requirements and conforms to the HUD Mortgage Letter 00 to 15, regarding Prohibited Branch Arrangements. Mall Banc will maintain compliance with the rules and guidelines issued by HUD and other regulatory agencies
MBM will transfer funds to the Online Account System for the branch manager’s use. The branch manager can then pay commissions and branch bills. The branch manager can log into his/her online branch account 24/7.
Mall Banc Mortgage 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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