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Republic State Mortgage Co – A Review of a Mortgage Banker
When you are looking for a mortgage banker, you will want to consider Republic State Mortgage Co. They have over 150 years of mortgage experience and have every loan program you could possibly need. As a bonus, they have a lead generation program that will help you find qualified leads. And what’s more, they’re a member of the Better Business Bureau.
Republic State Mortgage is a mortgage banker
Republic State Mortgage is a full-service mortgage banker with 25 offices across eleven states. The company was founded in 1994 and is privately held. Its principals, Robert Wagnon and Paulina McGrath, are mortgage industry veterans who bring decades of experience to their company. They have proven leadership and a track record of building successful teams. They focus on providing the best mortgage loan products and services for customers.
A mortgage banker is required to adhere to certain laws and regulations. For example, the Division of Fair Lending (DFL) reviews mortgage lenders for their compliance with laws and policies. DFL evaluates a mortgage lender’s written policies and procedures, as well as its employees’ adherence to these policies. If a lender has a history of fair lending, it can pass the test.
Republic State Mortgage is an approved HUD direct endorsement mortgage lender and offers a range of flexible loan products. These include FHA loans, which offer competitive interest rates with lower down payments. In 2018, 37 percent of their FHA loans were to individuals with limited income. Additionally, the company is an approved VA Automatic Approval Agent. This program is designed to help veterans and service members buy a home without making a large down payment. This program also requires borrowers to pay less mortgage insurance than conventional mortgage loans.
When comparing mortgage lenders, it’s important to remember that these institutions charge different interest rates and closing costs. If you’re looking for an affordable mortgage, be sure to check out Republic State Mortgage’s website for more information.
It has a combined 150 years of mortgage experience
The team at Republic State Mortgage is a team of professionals with over 150 years of combined experience in the mortgage industry. Our members are active members of state and national mortgage broker associations. Additionally, we are part of Lenders One, a national cooperative of independent mortgage bankers. Together, our members have an aggregate volume of more than $45 billion. We are the ninth largest originator in the country, and we have approvals with all of the country’s major mortgage loan buyers.
