Mortgage California serves customers who are looking to purchase or refinance residential real estate in California. It’s Banker – Broker platform allows loans to be funded internally through its private mortgage bank or to broker your loan to a top wholesale lender.
Mortgage California is a direct endorsement lender that is authorized by the U.S. government to underwrite, originate and fund FHA loans and has received approval from the Federal House Administration. It has the capacity to close and deliver loans to Freddie Mac (a provider of “conforming” home loans). It also originates, underwrites and funds under the CalHFA program and participates in the Mortgage Credit Certificate “MCC” program.
It is licensed by the California Department of Corporations to deliver processed mortgage applications to specialized funding sources. It also secures agreements with such commercial banks as US Bank, Union Bank, Wells Fargo, Chase and such affiliated mortgage companies as Bank of American Home Loans. Other sources include insurance companies, such as Metropolitan Life and ING.