United Mortgage is a mortgage company locates in Fayetteville, North Carolina. Primary objective is to offer mortgage financing to the community., 80% percent of United Mortgage loans are Government loans extent to soldier station in Fort Bragg North Carolina. United Mortgage is a small mortgage company. Concentrate in offer VA financing to soldier in Fort Bragg, first time homebuyer, second home, and investment mortgage loan. . Pine Valley Mortgage offers different programs to please the customer needs.
The main goal is to offer the lowest fixed rate and the personal services homebuyer deserve. Building long lasting relationship with current and past customer. How we measure the risk between one buyer and an other goes by credit, debt income ratio, work stability, able to have some savings, any previous bankruptcy, foreclosure or judgement. By taking caution we are avoiding and preventing ahead of time a possible foreclosure.
Recommend a preventive solutions that incorporates risk mitigation
The best tool is to open the channels of communication with employees and communicate and keep the update with the new regulation and guidelines regarding mortgage financing.
2) Any discrimination to extend credit because race, color, religion, age its consider a violation
They are 3 categories of control in relationship to risk.
1) Preventive Control: Can reduce the risk that united Mortgage can encounter. In order to prevent mortgage fraud united Mortgage have a new policy to required every single homebuyer to sign a 4506T (tax transcript) with the purpose that the tax return to be review prior to submit to the underwriter. If there is fraud committed united Mortgage rather stop the file before th ...