Oregon's Upfront Mortgage Broker

We are a founding member of the Upfront Mortgage Broker's Association and the broker in Oregon to display testimonials online as the Mortgage Professor recommends.

BrokerPro is committed to open and full loan service. We have served many clients who discovered us through the Upfront Mortgage Brokers Association or the Mortgage Professor's website.

As a leader is the mortgage transparency movement, we disclose all of our fees to borrowers. In addition, we agree to use our inside knowledge of the loan industry to always benefit the borrower. And get the best rates available.

You want to know what is happening with your loan. Well organized borrowers with good credit can benefit from a simplified system that lowers costs to you. We can get you the loan with less paperwork and still good rates. Call for more information. The process begins with an application you can fill out on your computer. If you want the Upfront System, it's best to fill out the secure online application form: hit "click here" in the box below. Call for more information: 503-220-2705 or 503-287-4876.

Upfront Mortgage Broker Certificate

Take a look at this recent Seattle Time article about Upfront Brokers

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Commitment of an Upfront Mortgage Broker

1. The broker will be the customer's representative or agent, and will endeavor to act in the best interests of the customer.

2. The broker will establish a price for services upfront, in writing, based on information provided by the customer.

*The price may be a fixed dollar amount, a percent of the loan, an hourly charge for the broker's time, or a combination of these.

*The price or prices will cover all the services provided by the broker. This includes loan processing, for which customers always pay a broker or lender.

*On third party services, such as an appraisal, ordered by the broker but paid for by the customer, the broker will provide the invoice from the third party service provider at the customer’s request. Alternatively, the broker may have the payment made directly by the customer to the third party service provider.

3. Any payments the broker receives from third parties involved in the transaction will be credited to the customer, unless such payments are included in the broker's fee.

*If the broker's fee is 1 point, for example, and the broker collects 1 point from the lender as a “ yield spread premium”, the broker either charges the customer 1 point and credits the customer with the yield spread premium, or charges the customer nothing and retains the yield spread premium.

4. The broker will use his best efforts to determine the loan type, features, and lender services that best meet the customer's needs, and to find the best wholesale price for that loan.

5. The wholesale prices from which the broker's selection is made will be disclosed at the customer's request.

6. When directed by a customer who has met lender lock requirements, the broker will lock the terms (rate, points, and other major features) of the loan, and will provide a copy of the written confirmation of the rate lock as soon as it has been received from the lender. At the same time, the broker will guarantee all fees charged by the lender who locks the rate. (Added January 23, 2006).

7. If a customer elects to float the rate/points, the broker will provide the customer the best wholesale float price available to that customer on the day the loan is finally locked.

8. The broker will maintain a web site on which its commitment to its customers is prominently displayed, along with any other information the broker wishes to convey. If the web site displays mortgage prices, the broker will indicate whether the prices are retail or wholesale. If prices are retail, the markup will be shown. If prices are wholesale, a prominent note will indicate that the broker's fee will be an added charge. (Added January 23, 2006).

9. A broker who displays mortgages prices on its web site must indicate whether the prices are retail or wholesale. If they are retail, the markup must be shown. If they are wholesale, the broker must indicate that the prices do not include the broker's fee.

You may want to download this report: Understanding Brokers

michael@BrokerProMortgage.com

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The Mortgage Professor