Why Choose Us Instead of A Big Bank?
A common question our clients have is “Why Choose Oak Mortgage instead of a big bank like Wells Fargo, Chase or Bank of America?”
That’s a great question.
We are glad you asked.
Reason 1: Competitive Rates & Fees
This is something everyone cares about. We all know that Wal-Mart can put smaller local stores out of business because Wal-Mart buys in bulk. It would make sense to think that lending worked that way, but it doesn’t. When you chose a local independent lender, you can often times get a loan for the same rate and fees or even less. In this industry, the bigger the operation doesn’t always mean better pricing.
Reason 2: Better Chance of Being Approved
Now that is a bold statement!
Here is what we mean: because we are smaller, we can put more focus on individual customers. Because we can focus more on individual customers, we are more likely to be able to work with you to get approved than you would at a big bank. We have had clients, with decent jobs and credit scores walk into one of the big banks’ mortgage departments and have been told not to bother with applying for a loan because they would not get it. Those same clients, came to us, and because we were able to listen to their situation and work with them through the process they were able to purchase the home they desired.
Reason 3: Personal Touch
Similar to Reason 2, because we are smaller, your story matters to us. You will have direct access to the loan officer you are working with, even calling them on their personal cell phone number. Your situation will matter. At one of the big banks, your application will go into the big black hole of their processing house and be spit out at a date to be determined with a final answer. We will walk you through the process.
Reason 4: Our Loan Officers Are State & Nationally Licensed.
Did you know that at a big bank, loan officers are registered with the State, but don’t have to go through the extensive testing and licensing requirements that our residential loan officers go through? Our loan officers must participate in continuing education, and pass national and state qualifying exams that have an average pass rate of about 65%.
