What Is A Direct Mortgage Lender

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Direct Mortgage Loans is a licensed, direct lender committed to outstanding mortgage solutions and building lifelong relationships. The knowledge and experience of our professional loan officers, processors, and underwriters is the foundation of our company.. Capital Direct – Home equity loan and mortgage specialists.

Direct lenders. Banks, mortgage banks and nonbank lenders all are direct lenders; that is, employees review your application and make the decision to lend you money. Typically, the institution will sell your loan on the secondary market. Benefits of a direct lender: Reliability: You probably know and trust the institution.

Direct Lenders. Another term you may encounter is "direct lender." A direct lender simply means a lender that originates its own loans – either with its own funds or borrowed funds. It can therefore be either a mortgage banker or portfolio lender. It does not, therefore, act as an agent for a wholesale lender.

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The Affordable Loan Solution® mortgage from Bank of America can help eligible. Right off the bat, you should ask your lender for a direct interest rate quote, as well as the corresponding annual.

A Bank or direct mortgage lender is the company that is actually funding the loan. You will work with a loan officer that is an employee of the Bank. Often, Banks are licensed in most, if not all 50 states. The loan officer only has access to the home loan programs that lender offers.

A direct mortgage lender is simply a bank or lender that works directly with a homeowner and underwrites their product in-house, with no need for a middleman or broker. They are also known as "consumer direct mortgage companies."

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