As a mortgage broker, we can broker to many different lenders. Here we feature Towne Mortgage. Towne is a customer/family friendly lender. They offer competitive rates for conventional, renovation, and government loans, and will do manual underwriting. What is a manual underwrite and why is it important? You may not know, but most loans are sold to Fannie Mae and Freddie Mac, who have their own automated underwriting systems which loans are uploaded into and run. Their automated systems will let you know if the loan is approved or denied, and will give the underwriter guidance as to what documentation will be needed to get the loan final approved. In some instances, the automated underwriting system will not approve the loan. In these cases, a lender may manually underwrite the file to see if they can still approve the loan. Thus, you have 2 bites at the apple. Towne offers this service. This is another reason to work with a mortgage broker, because, if not for the broker, you may not have known this is even an issue, and that this option is available. Work with us, we are the mortgage counselors.

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John Rapasky

Counsel Mortgage Group, LLC

Licensed in Arizona, California, Hawaii, and Illinois

NMLS 178927 | AZ MB 0909580 | CA DBO 60DBO 43873 | HI – 178927 | IL MB.6761723

NMLS LO 179539 | AZ LO 0911590 | CA MLO CA-DBO 179539 | HI – 179539 | IL LO 031.0077279