EL SEGUNDO HERALD May 3, 2018 Page 9
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Your Home is Your Castle
E L S E G U N D O
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Let Me Help You Find Yours!
Remember to Buy
a Rotary Duckie!
Eloise Mendez • 310-322-9761 • www.eloisemendez.com
Bank or Broker?
“Are you a bank or a broker?” This is a
question I am often asked by both new
prospects and existing clients as they work to
understand the mortgage provider option that
will best suit their needs. And make no
mistake, recent news has only done more to
shine a bright light on how the lines between
mortgage services, traditional banking (such
as checking and savings accounts), and higher
level investments are blurred. Consumers today
have choices that come with greater complexity
and consequence than in years past. Let’s look
at how RPM’s structure and values differentiate
us among our peers.
Examining the models. Bank vs Broker:
When one traditionally thinks of using a
bank to obtain a home loan, there is often an
assumption of convenience associated with it.
In other words, some believe that if they already
have their checking, savings and investments
with an institution, it will offer them the best
terms on a mortgage. Additionally, since a
customer relationship is already established
and it’s implied that the bank has all of the
client’s information, the process itself should
be easier. Neither of these are a given. Beyond
that, what if your bank does not offer the type
of loan you seek? Or, what if your real estate
market makes a pre-approval letter from this
institution appear weaker to a seller than the
letter of a local lender or broker? Increasingly
today too, what if your bank requires you to
structure your accounts and balances in such
a way that makes you feel they control more
of your finances than you’d prefer?
Conversely, the broker model has been plagued
by the middleman myth – since the broker uses
another lender to fund the loan, it’s assumed
that they must inherently charge more fees to
the client. Even when a broker might be able
to offer more options, better rates and a wider
range of lending sources, some borrowers are
turned off by the idea of providing his or her
financial information to someone other than
their primary bank.
How We’re Different: RPM is neither of the
above. Instead, we offer a mortgage model
that addresses the concerns of both banks and
brokers, but also reinforces their strengths. We
do that by focusing on delivering the best home
loan experience to our clients. Since cross-
selling other financial services and products
doesn’t divert our attention, we have time to
learn about the specific needs and dynamics
of lending in the communities we serve. As a
mortgage lender, we aggregate many channels of
funding for the home loans we make, whether
they are conforming, FHA, VA or jumbo in
nature. We realize that not every borrower fits
in today’s narrow credit box and we are driven
to find the solutions that meet our client’s needs
in a financially responsible manner. While the
diversity of our products is similar to a broker’s,
our reputation and volume allow us to offer
consistently competitive rates and costs.
In many ways, there are more choices and
more ways to research home loan options today
than ever before, so it’s important to avoid
assumptions before beginning your journey.
Whether it’s a bank, broker, or a lender who
bridges the gap between both, there is a viable
fit out there for your needs. Call me today if
I can be of service in weighing your options.
Scott T. Davis | Sr. Loan Advisor
RPM | MORTGAGE
3500 N. Sepulveda Blvd., Suite #E
Manhattan Beach, CA 90266
Office: 310-796-5600 x380
Cell: 310-968-6850
NMLS # 330765
Email: sdavis@rpm-mtg.com
Website: www.rpm-mtg.com/sdavis
If you have any questions for any of our
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question to: web@heraldpublications.com.
List the business category in your subject
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Thank you for participating.
Ask a Broker
Brokers
Open Fri.
12-1:20pm
302 W Maple
Open
Sat/Sun
2-4pm
Super cute Spanish 3 bedroom 2 bathroom,
coved ceilings. Huge detached RV Garage
John Skulick
310-350-4240
BRE # 00946399 TeamSkulick@gmail.com
TeamSkulick@gmail.com BRE #02034572 BRE #01064179
Rose VanHook
310-350-5920
Pol Schönhöfer
310-980-5530
approx. 1000 SQFT. $1,249,000