Mortgage Broker
Equity Prime MortgageAbout
Important information
- Additional Info:A correspondent lender is a mortgage lending institution that typically lends money on a mortgage loan, and then sells that mortgage loan to another lender once the loan is closed.There are many variations of a correspondent lender, but the most common is a mortgage banking firm that operates off of a warehouse line. Being a mortgage banker means that the company underwrites and approves their own loans, and lends the money being borrowed. This differs from a mortgage broker, who simply arranges the financing for the borrower, and does not actually lend any money. Bankers are typically financed through a warehouse line of credit. This is essentially a very large (for several million to tens of millions of dollars) line of credit that is used to fund their lending.
- Additional Info:Mike Manieri, Partner, is known to the BBB from Mortgage Institute, Inc. In February 2011, Mortgage Institute, Inc. underwent a name change and corporate conversion.
About This Business
Products and Services
Business Details
- Local BBB:
- BBB Serving Central Florida
- BBB File Opened:
- 7/6/2010
- Business Started:
- 2/11/2010
- Business Started Locally:
- 2/11/2010
- Business Incorporated:
- 2/11/2010
- Type of Entity:
- Corporation
- Alternate Names:
- United Mortgage Partners, LLC
- Equity Loans LLC
- Business Management:
- Michael Manieri, Branch Manager
Additional Contact Information
- Principal Contacts
- Michael Manieri, Branch Manager
- Customer Contacts
- Megan Nett, Office Manager
- Michael Manieri, Branch Manager
- Mike Manieri, Manager
- Additional Email Addresses
- Primary: Email this Business
- Social Media
Additional Information
- Business Categories
- Mortgage Broker, Mortgage Lenders
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