ProServ Mortgage has extremely low overhead due to not having a commercial office location. Eric Carlson originates and processes his own loans which makes it possible for him to keep costs low for his clients but also allows him to move loans through the pipeline quickly due to giving each one prompt attention. Often times, loan officers may have to wait a few days for their loan processors to work on a file due to heavy volume demands. Low overhead means ProServ Mortgage can afford to pass savings along to its clients.
ProServ Mortgage operates as a mortgage broker, not a direct lender. Direct lenders are typically bound to the interest rates and fees offered by their company only. If a direct lender has good rates one day they can adjust them up the next, if so desired, to increase profitability. As a mortgage broker, ProServ Mortgage has access to the wholesale rates offered by lenders, not the retail rates that lenders offer to consumers. The markup ProServ Mortgage makes to the wholesale rates it is offered is typically substantially less than the markup lenders offer to consumers on their own rates. If one lender has better rates and fees than another we can utilize the less expensive lender with the better rates. Therefore, ProServ Mortgage generally beats its competitors handily.
To see what we can do for you, call us at 951-656-6169 or email Eric at eric@prosuite.net