Truerate is different from the typical mortgage broker in a number of ways. Don't take our word for it. Go see for yourself. In fact, that is part of the Truerate pledge. We never use scare tactics or say things like, "other brokers can't service your needs the way we can" or "you'll never find a better rate". We encourage you to shop around and find out for yourself. We actually encourage you to get at least two or three competitive quotes... especially if you have done business with that mortgage broker before, as repeat providers often assume you will not shop for better rates. At Truerate, we believe talk is cheap and performance is what counts.
People often ask: If Truerate is able to provide such low rates, how does it make money? The answer is we depend on technology, efficiency, and volume to remain profitable while still providing you deals at the best rates. In fact, unlike most other brokers, we tell you upfront exactly how much we make on your loan, so you can see for yourself.
Shining light on the mortgage industry: why customers have suffered and why Truerate is different.
At Truerate, we understand the state of the mortgage business and what now goes into obtaining a mortgage. In the aftermath of the housing crisis, the mortgage process is more challenging than ever, irrespective of your ability to repay your mortgage. Never before has more bureaucracy and arbitrariness dominated the process. Government regulators and underwriters are now more concerned about preventing losses to lenders than making it easy and seamless for you to obtain a mortgage. That is where Truerate can help.
First, we strive to make the process as simple and streamlined as possible for you. That is why we provide you with information about the market and rates available to you before you are ever required to commit or provide reams of information to us.
We also aim to provide you with the LOWEST mortgage rates possible. First, we utilize technology, efficiency and volume to offer you low prices and still run a profitable company. Second, our loan coordinators have no incentive to charge you higher rates, because they are always paid the same amount. In the aftermath of the housing crisis, Congress passed into law the Dodd Frank Act, which amended portions of the Truth in Lending Act. Companies are not permitted to alter their compensation to loan officers depending on the rate charged to the customer. That doesn't mean it still doesn't happen. We promise you that it NEVER happens at Truerate.
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Thank You,
Steve Banass
Director of Quality Control
DIRECT: (224)-374-1470
Toll Free (877) 278-9558 xt 7007
TrueRate Partners
350 Phingsten Road Suite 103
Northbrook,
Illinois 60062
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