Have you ever thought about the mortgage loan process? If you’re in the market for a home, you may be shopping for the perfect mortgage option. Understanding where the process originates can help you map out your homebuying timeline and identify the professional institutions you’ll work with to secure your loan.
A mortgage origination company is a business working closely with underwriters to complete the first and finalizing steps for mortgage loans. They gather documents, personal information and signatures to make sure the process runs smoothly.
Mortgage origination is the first company (originator) who starts the loan process. This can be but is not limited to mortgage brokers, retail banks and other mortgage lending institutions. They gather documents such as W-2s, personal ID’s and credit history to determine if applicants are qualified to receive a loan.
For most homeowners, financing through a mortgage loan was the best way to secure a property. Recent mortgage statistics have found over 64 percent of homeowners financed their home purchase through a mortgage loan.
For many homeowners, mortgage debt constitutes the largest portion of money owed to any institution. Currently, around 70 percent of US debt stems from mortgages.
Taking on a mortgage is a large responsibility, so it’s wise to do research on the mortgage industry to best understand mortgage rates and trends. Doing so can help you find the best deals to finance your home purchase.
JoAnn Drabble prides herself in making a "personal investment in each client”. With over ten years of experience working as a paralegal for various law firms, JoAnn brings significant legal expertise to her work. She understands the ins and outs of the real estate business and follows through on her sales from start to finish. She is often praised for her attention to detail in all aspects of a sale.
Working as a full-time professional in the real estate industry for 26 years, JoAnn has continuously been a top sales producer. She attributes her successful sales’ results to the personal relationships that she forges with her clients. Her years of experience combined with her outgoing personality and compassionate nature enable her to understand both the stated and unspoken needs of clients who are buying and selling their homes. JoAnn stays current with changing market conditions and trends in order to provide exceptional service and ensure a timely sale.
Her perseverance and real estate market savvy help her achieve 100% client satisfaction. The relationships that JoAnn forms with clients often last long after the purchase or sale of a home. Her clients’ satisfaction is her top priority and drives her to consistently exceed her performance goals and expand her growing referral base.
