I
am delighted to commence this week’s column with the fantastic news that AToM
has received a national mortgage lender award!
We have been awarded ‘Best Residential Mortgage Packager’ by the lender
Precise Mortgages, for the fifth year in a row!
It’s rare for lenders to issue awards, so this is really special and
great recognition. We have a super team at AToM and this award is real credit
to the hard work the staff have put in during the recent tough market
conditions.
As
a Mortgage Packager, not only do we work with the general public, but
nationally too with many Accountants, Mortgage Brokers, Independent Financial
Advisers and Estate Agents. With over 8,000 registered introducers on our
databases, lenders use AToM to offer their mortgage products seeking quick
distribution and marketing to all of the above. This often means that we see
exclusive deals, new lenders and product innovations, ahead of the general
marketplace. AToM also collates
information for the lenders, obtains employer or accountant references,
instructs valuations, obtains mortgage offers and in some cases has the lenders
own underwriters in our offices, enabling a quicker turnaround.
With
this in mind, actually placing a mortgage with a lender is not normally
difficult. The hardest part, in the recent climates, is getting the mortgage
through to completion! To assist this, try not to give lenders an excuse to
decline your application or refuse to lend to you. Try to pay bills on time,
don’t miss payments, and especially not mortgage payments! Any missed (or sometimes late) payments will
be registered on your credit file and this is normally used as the basis of a
decision to lend to you, or not! Ensure
you disclose everything upfront as lenders hate surprises! Remember that lenders can re-credit
search/credit score you right throughout the whole mortgage process.
So
in short, we are a little bit like Doctor Who’s Tardis. The AToM shop front
opens onto a business which has much, much more going on behind the scenes!
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