We are a Florida corporation accredited by the Office of Financial Regulation Division of Securities and Finance as a Mortgage Brokerage Business. Accordingly we are entitled by state and federal laws and regulations to intermediate or broker mortgages between borrowers and financial institutions (banks, mortgage companies, private investor funds organized as lending institutions). After careful scrutiny Millennium Loan Corporation has been accredited as a wholesale broker by over 80 financial institutions. These institutions range from most of the retail banks that you see offering their services to public as well as pools of investors, trusts, wholesale mortgagors that are institutionalized and offer services only through brokers like us. Accreditation is not easily acquired as audited financial records, background and criminal investigations are required by each lender to be provided on all of our managing and working staff. Maintaining accreditation implies providing high levels of ethical and professional standards as well as considerable volumes of loan production. Some lenders request millions of dollars of monthly loan production to be maintained in order to be kept on their accreditation list or given premier access to products exclusively available to specific companies. This is one of the reasons why we offer services and products that are not accessible from other financial institutions. Being a wholesale broker gives us the power to provide products from all available lenders with only one credit check, unlike banks that qualify you only on their in house programs. Our in house obtained credit report is accepted by all the lenders that have accredited us. Furthermore, the lenders have mandated us to process and pre-approve your application. That is why we accept such a large spectrum of qualifying situations from lack of credit, bad credit, collections, foreclosures, bankruptcies, judgements, liens, foreign nationality, no residency, stated income, no income, self employment, unverified assets, no property seasoning, refinance after 1 day in property, to excellent income, and very good credit. We are not accepting these terms as a failure to obey lending laws or practices, or to promote fraud. We are accepting these situations because our lenders have instructed us to document and accept these situations. We have lenders that instruct us to accept applications from borrowers that cannot document, income, employment, credit etc. If you meet the other conditions imposed by them you are qualified. Protecting your privacy is important to us and for this reason we have implemented several layers of security regarding physical as well as electronic access to client database. All electronic information is kept encrypted on our protected servers. Daily backups and security checks are performed to insure highest level of security. Background, criminal, and credit checks are performed regularly on our staff in order to protect the security of our institution. We have an excellent system of production ranging from accessing credit online on the go at the residence of our borrower to submitting paperless applications, using electronic signatures from our providers and transmitting your loan documents electronically to the title company for you to sign. Investing large capital in technology gives us the competitive edge in providing excellent service in the shortest timeframe possible. We have managed to approve applications in as short as 25 minutes and have the documents ready to be signed at closing in three days from initial call. It is not only us. It is our team of experienced professionals ranging from receptionists, customer representatives, loan officers, brokers to our partners that offer, real estate, appraisal, title, inspection. We are all working for... Courtesy, Efficiency, Performance
