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Write loans that are better for consumers
We don’t need to tell you how important relationships are in the mortgage business.
You’re helping people make the most important purchase of their lives. Simply put,
a loan that’s better for consumers is better for the people who sell them.
Stabilize their compensation
Interest rate drops are a boom time for loan officers. But when they go back up,
customers go into hiding. The Harmony Loan provides recurring compensation regardless
of the economic environment. Loan officers can focus on building their book of business.
Not anticipating the next rate increase.
Market a product when rates are high
No one wants to buy a house when interest rates are high. Sure, rates will go down
but refinancing involves risk, costs and a lot of hassle. A rate-resetting Harmony
Loan changes the game. Your customer can reset his or her interest rate every 120
days. No refinancing required.
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What does the credit union gain from offering the Harmony Loan?
The Harmony Loan is a consumer-oriented product that eliminates the usual transaction
costs at refinance. The benefit to the member translates into greater loyalty to
the credit union. The Harmony Loan is engineered to increase customer deposits,
and provide improved member benefits. Longer average loan life means larger revenue
streams for portfolio lenders, closer relationships to members, and increased representative
and member satisfaction.
more FAQs
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What does the bank gain from offering the Harmony Loan?
The Harmony Loan is a consumer-oriented product that eliminates the usual transaction
costs at refinance, with a gain-improving yield to the investor. The benefit to
the consumer translates into loyalty to the bank. The Harmony Loan is engineered
to increase customer deposits, and recruit and retain top loan officers. Longer
average loan life means larger revenue streams for portfolio lenders, closer relationships
to customers, and increased representative and client satisfaction.
more FAQs
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