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Many times its hard for consumers
surfing the internet to know who is in
business for the long term and which companies
are fly by night operators. Here is a
sneak peek into one of our branch offices, the
Jackson Heights office at the Bulova Corporate
Center, 75-20 25th Ave, Jackson Heights 11377.
Note, this is just a branch office, it is
larger and has more resources and underwriters
than many other mortgage bankers have at their
main facility. New York Mortgage's main
facility is a huge 63,000 square foot
processing facility that takes up the entire
7th floor at 1301 6th Ave in Manhattan. Many
of NYMC's other branch offices have
significant local underwriting capabilities as
well. Take a sneek peak below to see all
aspects of the loan process and what happens
to you application as it is taken and
processed..
The Bulova Corporate Center
Centrally located and plenty of parking
Loan Officers
Loan officers are the individuals who meet
with you, explain our programs, take your
application and stay with you during the loan
process to make sure it goes smoothly.
Processing
Once your application is taken it goes to
our processing department where processors
enter it into the system, order appraisals and
title reports, check credit, and send out
necessary verifications, such as verifications
of employment, bank deposits, etc. depending
on the type of loan you are applying for.
Having processors in each branch office helps
things run more smoothly.
Underwriting
As the loan is being processed an
underwriter begins to look at the loan package
to approve it.. Underwriters are the
individuals who actually approve or decline
your loan.
Closing Department
When a loan is finally approved and all
documentation is ready it goes to the closing
department. They perform final checks on
the paperwork and coordinate the closing
between buyers, sellers, their attorneys, bank
attorney and title company. It helps to
have the closing department in house and local
so documents do not have to be sent between
offices. Overall things get done much quicker.
DRIVING
DIRECTIONS TO BULOVA CORPORATE CENTER
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