Richmond, VA (July 27, 2017) – LenderSelect Mortgage Group announced the first purchase of a USDA loan through its correspondent delivery channel. Backed by the U.S. Department of Agriculture, USDA loans offers those living in in rural and eligible suburban communities the opportunity to own a home at an affordable rate. LenderSelect facilitated the transaction by providing compliance, underwriting, processing and document preparation services. LenderSelect looks forward to offering more government-insured correspondent loans to their growing customer base.
“The opening of our mini correspondent channel to government-insured loans provides community lenders access to competitive pricing strategies to maximize revenue and meet borrower needs,” said President of LenderSelect, Tracy Marks.
The correspondent program allows for a more positive borrower experience since their loan process is all under their community lender’s name and also allows the opportunity for more competitive rates.
LenderSelect is proud of their 99.4% customer satisfaction rating and aims to keep clients happy with an average closing rate of less than 28 days.
For more information on their mini correspondent lending channel and USDA loans, please contact LenderSelect at (808)977-2393 or at email@example.com.
Information deemed reliable but not guaranteed. All loans subject to credit approval and property appraisal. Not a commitment to lend.