Prospect Financial Group, Inc. Becomes Correspondent Lender, Offering Lower Rates and Fees Submitted by: Prospect Financial Group, Inc.
California mortgage broker becomes a correspondent lender, giving them the ability to offer more competitive pricing and closing times.
San Diego, CA (OPENPRESS) Prospect Financial Group, Inc. is proud to announce that they have become a correspondent lender, allowing them to offer their customers improved efficiency, flexibility and pricing.
Flagstar National Bank approved the California-based mortgage company to begin originating their own loans. Now, the company has gained both speed and flexibility for their future customers.
Being a correspondent lender gives Prospect Financial Group, Inc. greater control in approval and processing times, improved pricing and fees, and a higher level of customer service for their borrowers.
"It has been one of our goals since the day Prospect Financial Group, Inc. was founded to become a direct lender," said the company's president Jason Vondrak. "Borrowers will benefit from the added control we have as a direct lender."
With more control over the entire funding process, Prospect Financial will be able to deliver a higher level of customer service.
"We have always prided ourselves on the customer service experience we deliver, which can be attributed to our success thus far," stated Vondrak. "The control of being a direct lender will allow us to offer more competitive rates and fees as well as improved processing times, further enhancing our customer's satisfaction."
Now that the company has achieved its goal of becoming a direct lender, they hope to further grow their business. Over the next year, they have high hopes of doubling their business with the edge they have gained from becoming a correspondent lender.
Yet, even with their goals of expansion, doing the right thing for their customer will remain their highest priority.
"Every employee is taught to follow a set of ethical guidelines in order to find the best product for each individual customer's financial situation," explains Vondrak.
Since the company was founded in 2006, Prospect Financial Group has maintained an A+ rating with the Better Business Bureau and good standing with the Nationwide Mortgage Licensing System (NMLS). For more information about the company and the services provided, visit www.prospectfgi.com.