Our Freddie Mac approval will enable UHM to offer customers many more options to research and compare loan programs and pricing.
Strongsville, OH (PRWEB) March 09, 2015
Union Home Mortgage Corp (UHM) is excited to announce that as of March 9, 2015, they will become a direct Freddie Mac approved seller. This direct relationship with one of the top Conventional Loan secondary market sources in the United States will not only increase UHM’s product offerings, but provide more efficient loan processing and increase underwriting flexibility.
“Freddie Mac is one of the two government sponsored agencies that drives fixed-rate conventional lending, nationwide,” Brian Coleman, UHM Vice President, said. “UHM is thrilled to work directly with them, while expanding our product offerings and providing better customer service.”
The additional Freddie Mac products that UHM will offer include: Relief Refinance Mortgages – Open Access, No Cash-Out Refinance Mortgages, Home Possible Mortgages, Loans with Secondary Financing, and more. While the Home Possible Mortgages won’t be available until late March, UHM’s partners are still looking forward to increasing their list of products.
“Our Freddie Mac approval will enable UHM to offer customers many more options to research and compare loan programs and pricing,” Coleman said. “This is an added benefit to the customer who wants to do their homework and choose the best loan program for their needs.”
Along with additional products coming available to customers, this direct lender status will help UHM increase underwriting flexibility and offer more efficient loan processing for their borrowers.
“The benefits of this direct relationship are two-fold,” Coleman said. “This relationship equates to efficiency for UHM as a lender, due to established consistency in Freddie Mac’s qualifying criteria.”
“Building off of that, this direct relationship will also offer better qualifying criteria for applicants, because there will be less road blocks when processing loan applications,” he added.
UHM is a full-service mortgage banking company. According to the partners at this company, the newly established, direct relationship with Freddie Mac is expected to help them continue to provide ‘raving fan’ customer service and close loans on-time.
“This direct relationship is really a win-win for our customers and our new investor,” Coleman said. “It enhances speed and efficiency for the customer and provides quality loan files for Freddie Mac.”
To learn more about UHM and the loan programs they offer, please visit them at http://www.UnionHomeMortgage.com.