Loan One, a division of The Union Bank Company, operates as a direct mortgage lender
Why is this important to you?
Home buyers have three options for mortgage loan financing: banks, mortgage lenders and mortgage brokers.
Banks and direct mortgage lenders make loans directly to borrowers, while mortgage brokers will place a borrower’s loan with banks and brokers on a wholesale basis. In some instances, mortgage brokers actually place loans with mortgage lenders who turn around and sell their loans to banks.
While you may think going directly to a big name bank will result in a better deal, you’re probably wrong. Believe it or not, it is often less expensive to get your mortgage through a broker, lender or community bank than directly from a big bank, which is likely inefficient at originating, processing and closing a loan, meaning they will charge more because it takes them more time.
At Loan One, a division of The Union Bank Company, we’ve overcome this challenge by combining the best features of a community bank with the best features of the direct mortgage lender: great rates and the specialized customer service. In this way, you get the best of both worlds. Our in-house underwriting and processing groups allow us to quickly close your loan, you’ll work with the same mortgage banker from start to finish, and we offer competitive low mortgage rates, no-fee applications, a straightforward process.
Compare our rates for yourself.