Mortgage brokers are responsible for
securing more than 50% of the home loans closed in the United
States. As independent contractors they work with a number of
lenders and are usually given wholesale pricing from those
lenders.
Wymac Capital, Inc. represents the
borrower and is able to counsel the borrower with a variety of
different loan programs and give the borrower many more options than
can be found by going directly to a single lender. Since our
lenders give us wholesale pricing, we are usually able to offer the
same or better pricing that the borrower would get from a given
bank's retail loan centers.
Since Wymac Capital, Inc. performs
many of the functions that a bank would normally have to do
in-house, we are able to get wholesale rates, which benefits our
borrowers. In fact, many of the representatives from the various
banks we use have told us that on a loan-by-loan basis, a wholesale
loan is more profitable to their bank because they save
on overhead.
Take a look above at the information
on our pricing flexibility and the conflicts of representing
borrowers that the loan officer at your local bank may be under.
Also, we have a partial list of lenders with which Wymac Capital,
Inc. has placed loans in the past, which totals more than 100
lenders. Normally if a loan can be placed Wymac Capital, Inc. will
have a source to place it.
