What is a Mortgage Broker?

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A mortgage broker is an independent real estate financing professional who offers the loan products of multiple lenders who are called "wholesalers." An Atlanta mortgage broker counsels you on the loans available from different wholesale lenders, takes your application, and processes the loan, which involves putting together the complete file of information about your transaction including the credit report, appraisal, verification of your employment and assets, and so on. When the file is complete, the wholesale lender "underwrites" the loan, which means deciding whether or not you are an acceptable risk. The lender is the one who provides the money at the closing table and services the loan (takes the payments) after the closing. But it is the mortgage broker who acts as a mentor to the customer and guides him or her throughout the lending process, which can be quite complicated. Georgia mortgage broker operations originate over half of all the real estate loans (residential) in the state of Georgia.

Why use a Georgia mortgage broker?
Mortgage brokers do not add any net cost to the lending process, because they perform functions that would otherwise have to be done by employees of the lender. (In other words, without mortgage brokers acting as independent contractors, the lenders would require larger staffs. In general, it costs the customer no more to use a mortgage broker than to go to a lender directly.) Furthermore, because mortgage brokers deal with multiple lenders -- in a typical case, 25 to 30, sometimes more -- they can shop for the best terms available on any given day. In addition, they can find the lenders who specialize in various market niches that many other lenders avoid, such as loans to applicants with poor credit ratings, loans to borrowers who do not intend to occupy the property (investment property), loans with minimal or no down payment, and so on.

Why use The Ryan Mortgage Team?
The Ryan Mortgage Team is an Atlanta, Georgia based owner-operated mortgage broker. So when you talk to a loan officer at Primacy, you are also talking to the owner. The long term prosperity of our business is at stake with every loan we originate and your satisfaction is our #1 priority.

Leveraging today's technology to match your loan to one of our numerous lenders, we are able to offer extremely competitive rates. Additionally, we work hard to find reasonably priced service providers such as closing attorneys, title companies, and appraisers so that we keep your closing costs to a minimum. Finally, we avoid tacking on questionable broker fees such as processing fees, loan commitment fees, etc. We consider these our costs of doing business and we don't pass them along to our customers by hiding them among the myriad of other closing costs. If you ever have a question about a fee on our Good Faith Estimate, we are happy to explain it.

We pride ourselves on providing outstanding service. We go to great lengths to simplify the loan process for our customers - from using the technology of automated underwriting to minimize the amount of documentation to selecting attorneys who are close to your home. If you ever see room for improvement in our service, we urge you to make suggestions.