What is Correspondent Lending?

The two most common sources for mortgages are Banks and Brokers.  Each has its advantages and disadvantages.

Correspondent Lending combines the BEST of both.

  • Like a Broker:  We shop all the major lenders for the best product, program and rates available on any given day.  Names you know, like Wells Fargo, Countrywide, Citibank, Chase, Bank of America, ING, National City, Merrill Lynch, Lehman Brothers, Washington Mutual, ABN-AMRO, SunTrust and more.  We also have access to Private Investors for “Portfolio Loans” that do not fit inside the box of “traditional lenders” underwriting guidelines.  You get the ultimate in flexibility.
  • Like a Bank:  We retain control of the loan process from Application to Closing.  We fund your loan with our own warehouse line of funds (No waiting for a distant 3rd Party to send a wire) and the loan package gets delivered to the end Investor AFTER your transaction is successfully completed. 
Our reputation for smooth, hassle-free closings is so great that our trademarked tag-line is: “Close with Confidence™”.
 
Why PERL Mortgage
Why Mike Castronovo
Special Offer
Wisdom & Knowledge
Wealth
Mortgage Calculators
Rate & Quote Request
Apply Now
Contact Us

Home | Why PERL | Calculators | Apply Now | Contact Us

Michael Castronovo © 2007 All Rights Reserved. Duplication in any form of any materials or information contained within this site without the written consent of Michael Castronovo and/or his assigns, is expressly prohibited and will be prosecuted under the fullest extent of the law.