Local Independent mortgage lenders have had a significant positive impact on the lending industry. today, the use of a professional mortgage lender is one of the key strategies used by sophisticated borrowers. We know the New Mexico marketplace like noone else!

What is a Local Mortgage Lender?

A local mortgage lender is an independent real-estate financing professional who specializes in the origination of residential mortgage loans utilizing their own funds and making their own Underwriting Decisions.   Superior Mortgage Services, LLC originates, processes, approves, and funds New Mexico mortgage loans in their own name with their own funds.  The benefit to the borrower is two fold: First, the borrower receives a better rate because there is no middleman to collect a fee.  Second; the borrower receives faster, better service because everything is done locally, in Albuquerque & there are no other parties to the transaction.   Mortgage lenders, like Superior,  normally pass the actual servicing of loans on to wholesale servicing sources who will actually collect your mortgage payments.   By combining professional expertise with direct access to hundreds of loan products, your Superior Mortgage Services, LLC loan officer provides the most efficient way to obtain financing tailored to your specific financial goals.

What Do Local  Mortgage Lenders Do?

In the volatile home-lending market, local mortgage lenders can serve as safeguards, offering their clients security, safety, and peace of mind. One of the loan officer's most important functions is escorting your loan application through the entire process, constantly patrolling the component transactions for possible breakdowns. A professional mortgage loan officer can wade through the mountains of rate data and program options, researching current market conditions to find the most accurate and up-to-date information about cost-effective loan options.

We Handle the Details!

There are literally thousands of variables that can affect the outcome of your mortgage transaction. That's why you need an experienced local mortgage lender to act as a liaison between the title company, real estate agents, seller, appraiser, credit agency,  attorneys, and any other services which may affect your transaction.

A Superior mortgage loan officer also:

• Discusses and explains financing program options
• Informs you, in writing, of lock-in options
• Explains all documents of the loan application
• Explains all associated costs of the loan application
• Explains the disbursement of all loan applications
• Explains the loan process, from application to closing
• Provides you with a good faith estimate of cost and fees
• Communicates with you throughout the loan process in a timely manner
• Coordinates the final closing of your transaction