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MFC MORTGAGE INC. IS A RESIDENTIAL WHOLESALE LENDER
PROVIDING MORTGAGE BROKERS (MORTGAGE PROFESSIONALS)
WITH
COMPETITIVE PRODUCTS AND EFFICIENT SERVICE.
Our niches consist of Alternative A and A- products for jumbos
and super-jumbos, such as
Extremely Aggressive rates and fees for NINA’ up to 100% LTV’s AND CLTV’s, unlimited
cash-out
for stated income, no adds on for investment properties and much more.
*****
The Information Provided
On This Site Is To Be Used By And For Real Estate Professionals Only
And Is Not Intended For Distribution
To, Or For Use By The General Public.
Since The Information Provided On This Site Is Not For Public Distribution,
APR’s Are Not Disclosed.
*****
ONLY MORTGAGE PROFESSIONALS MAY HAVE ACCESS TO THIS
WEB SITE, AS SPECIFIED ABOVE. IF YOU ARE NOT A MORTGAGE PROFESSIONAL AND ARE SEEKING A HOME MORTGAGE FOR YOUR OWN NEEDS YOU
MAY CONTACT OUR RETAIL DEPARTMENT AT (800)937-4050. YOU CAN ALSO E-MAIL US AT MFCLENDERS@SBCGLOBAL.NET
Our Mission
MFC wholesalelenders.com is the web site address for MFC Mortgage, Inc. dba for Metrostate Financial Corporation located in
Beverly Hills, California.
Metrostate Financial Corp. has been in the business of Residential Real Estate financing
for 16 years. MFC Mortgage, Inc. is a wholesale division of Metrostate Financial and provides excellent service and unique
products at very competitive rates to its clients – Mortgage Brokers.
Once again this web site is to be used by Real
Estate Mortgage Professionals only. Therefore some disclosures appropriate for public use are omitted herein. You may contact
our retail department at (800)937-5040. You can also e-mail us at MFCLENDERS@SBCGLOBAL.NET
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Becoming a Member
In order to conduct business with MFC, the Mortgage Broker must be approved by MFC.
The following are requirements
for approval with MFC:
Complete MORTGAGE BROKER APPROVAL PACKAGE executed by the broker and/or principals of the company.
Mortgage Broker Approval Package with original signatures must be submitted to MFC Mortgage.
Broker must be licensed
by the proper authorities and must keep the license in good standing.
Broker must comply with the tax code and have a
valid tax ID#.
If the Broker is a corporation, then the corporation must be in good standing.
Broker, or any key-position
individual with the company, must have been in real estate financing or a related business for at least two years.
Broker
loan production volume must be at least $5,000,000.00 per annum.
Broker must demonstrate ability to process real estate
loans and knowledge of all applicable federal and state laws. Broker must supply MFC with at least 3 current lender references,
with which Broker has been conducting business for the past two years and an example of loan package processed by Broker.
The approval process usually takes 72 hours, subject to verification of complete information submitted.
Mortgage
Broker can submit loans for approval to MFC, however NO LOANS WILL BE FUNDED AND CLOSED WITHOUT MORTGAGE BROKER BEING APPROVED
WITH MFC AND HAVING MFC ASSIGNED BROKER'S ID NUMBER
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