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A mortgage broker counsels on the loans available from different wholesalers, takes the application, and usually processes the loan. When the file is complete, but sometimes sooner, the lender underwrites the loan. In contrast to a correspondent, a mortgage broker does not fund a loan.
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Mortgage Broker The Villages Velocity Mortgage Capital Launches 30-Year, Fixed-Rate Loan Option for Residential Investment and Small Commercial Properties – WESTLAKE VILLAGE, Calif.–(Business Wire)–Velocity Mortgage Capital. FlexPerm loans, as with all velocity mortgage programs, are offered only through mortgage brokers, not directly to real estate.
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Because we are a mortgage broker and lender – we have the freedom to compare rates, programs, and pricing with over 20 banks, to find the one that’s right for you.
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We understand that finding a home is tough. Note: Schools shown do not guarantee enrollment for school district. Please contact the school district or your broker for more information. Source: New.