In
a time when a significant portion of the American population may construe “mortgage
lender” as dirty words, WEI Mortgage Corporation stands out as an example of an
honest Equal Housing Lender. The company, based in Rockville, Maryland, lends
conservatively. The approach may produce fewer loans, but the lender’s goal is
to build long-term relationships, handling clients’ mortgage loans as their
families grow and they refinance or buy new homes. WEI Mortgage Corporation
began serving borrowers in the Washington, D.C., metropolitan area in 2002 and
now holds licenses to operate in nearly 40 states.
Loan
options at WEI include Freddie Mac products; United States Government lending
programs through the Veterans Administration, the Federal Housing Authority,
and other agencies; reverse mortgages; prime A paper loans; and jumbo and
high-balance agency fixed-rate products aggressively priced. In 2011, WEI introduced custom-term mortgages for qualified borrowers. For instance, a
borrower may hold a fixed-rate 30-year mortgage with 21 years left to pay. WEI
will refinance the 21 years at the current low interest rate, significantly
reducing the interest paid for the life of the loan. To facilitate its
services, growth, and market awareness, the firm maintains strategic alliances
with industry professionals, such as mortgage brokers, financial consultants,
institutional investors, builders and developers, and third-party vendors.
WEI
Mortgage Corporation safeguards customers’ information, constantly improving
the privacy and security elements of its network systems. The company also
monitors its proprietary technology constantly to keep up with the ever-changing
security risks. A member in good standing of the Mortgage Bankers Association
and the Better Business Bureau, WEI received a 2010 Quality Lender Award from a
top institutional investor and recognition as a model lender in Maryland, where
company officials appeared on local television.
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