ABOUT US

First Pinnacle Mortgage Corporation is an independent mortgage brokerage firm.

So, you ask yourself what is the difference between and independent Mortgage Broker and a retail lender?

Well, first of all the Mortgage Broker has access to many different Wholesale Lenders and different products. What exactly does wholesale lender mean? Well, in the mortgage business there are wholesale lenders and retail lenders. Being a retail lender usually means that the loan officers only have one set of retail products to offer and if you do not fit in that box, you may not be able to obtain financing and not even know there is another product that works for you. Also, retail means just that, you are getting the rates and closing costs at retail prices. Let’s just say you are paying “sticker price” or “msrp price” for the programs. One big fact that people do not know is that a “Wholesale Lender” can not do a loan without a company like us doing it. Yes, they can not do a loan without a Mortgage Broker. We ARE NOT MIDDLE MEN!

With wholesale lenders not being able to do a loan without a mortgage broker sending it to them, they are very aggressive with programs, rates and the services they offer to Mortgage Brokers. Wholesale lenders are very helpful and usually allow direct communication for the loan officers with their underwriters and look for ways to approve loans rather than pick the loans apart. In fact, most of the big wholesale lenders have retail and wholesale divisions and who do you think gets to offer the rates lower? You guessed it, the Mortgage Brokers that are teamed up with their wholesale division.

At First Pinnacle Mortgage Corporation, we believe leaner is better for the consumer. Most of the companies and services that First Pinnacle Mortgage Corporation works with other than the settlement companies are contracted.

That means they only get paid on the particular work that they are doing and are not salaried and therefore costing huge overhead. They are very experienced business licensed people and companies which benefits you the consumer with their expertise. With the lower costs that come with this, First Pinnacle Mortgage Corporation can operate much much leaner thus passing those costs savings on to You!

If you are interested in First Pinnacle Mortgage Corporation obtaining the best mortgage for you, please click the link below to apply or give us a call at 540-242-3573 or send us an email at info@firstpinnaclemortgage.com