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Home > Financial Services > Mortgage Brokers > The Madrigal Company
The Madrigal Company
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.
The Madrigal Company family owned and run mortgage brokerage serving Washington and Oregon State. You won't find slick brochures here, but what you will find is personal, professional service. Just like cookies, mortgages are better if you make them in small batches. Because they are a family business decidated to making property ownership easy and affordable, you'll get the best rates in town here.
Elizabeth Madrigal is co owner of the company, the senior loan officer and the main client contact person. Loan transactions are handled personally from start to finish, which makes it very easy on everybody. Elizabeth prides herself on being available seven days a week for any questions, phone calls or whatever you need, including letters of approval for your realtor or the seller’s. She wants to be an asset to your home purchase team.
The Madrigal Company has such a high rating with the secondary wholesale market players that the company is able to provide the absolute cutting edge in interest rates and fees. If you’ve got the application, ther’ve got the best to offer you. Stated income loans borrower states their income but does not supply documentation such as paystubs Borrower signs IRS forms that allow the lender to verify their stated income.
The Company product is useful for people who receive annual bonuses and want to use that income to qualify for the same reasons described above high credit scores allow stated income borrowers to receive equivalent rates as normal qualifying borrowers medium credit scores allow stated income borrowers to receive loan approval but with a slightly higher interest rate assets must appear consistent with income claimed on the product.
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