Provident Funding - Broker Direct Division
The mortgage industry is becoming a mature industry where all brokers and lenders provide essentially the same products and services. To enable brokers to aggressively compete, Provident Funding created the Broker Direct business model. This model is centered on our understanding that premier brokers must offer the best price and control the loan approval and closing process. This combination of price and control creates a unique competitive advantage.
Provident Funding Advantages
Price
Quality bonuses further improve our aggressive pricing.
Process
Delegated underwriting gives you control of the underwriting decision.
Closing can be done by the broker or facilitated by Provident Funding.
Timeframes are determined by the Broker as they control the transaction entirely.
Broker retains flexibility to broker loans to other sources.
People
Best price and process aid broker in recruiting and retaining sales force.