Delaware Mortgage Brokers

Delaware Mortgage Brokers are licensed mortgage originators by the Delaware State Banking Commissioner.  Each broker must have a unique National Mortgage Licensing System (NMLS) number.  Each loan officer that works for the broker must also have a unique NMLS number and be licensed in the state of Delaware as a loan originator.

A Delaware mortgage broker must also be a Delaware mortgage company that is licensed to do business in the state of Delaware.  Their state license must be properly displayed in their place of business.  All advertisements including business cards must include their unique NMLS number.

What Does a Delaware Mortgage Broker Do?

A mortgage broker works as the go-between between the borrower and the lender.  The broker is able to shop various lenders to find the borrower the best deal.  The broker originates and processes the loan and then delivers the loan to the mortgage lender to be underwritten.  The broker will clear any underwriting conditions in order to get the clear to close on the loan and then will work with the lender and the title company to schedule and complete the closing of the loan.

People will always ask which is better, a mortgage broker or a mortgage banker?  The answer is neither and both.  This is because they both do the same job, obtain a home loan for a client.  The one that is better is the one that provides the best customer service, provides the most education to the client, and delivers on the promise.  The most important factor when selecting a mortgage banker or a mortgage broker do you feel like you can trust the mortgage loan officer you are working with and their mortgage company.  You want to know that your loan officer has the experience and the expertise to handle your loan and to help you integrate that loan into your financial plan.

Who is the Best Delaware Mortgage Broker?

The number one loan officer in Delaware is John R. Thomas and his team with Primary Residential Mortgage.  The John Thomas Team’s knowledge and experience are unmatched in the industry.  John is a published author on the subject of buying a home specifically in Delaware.  He published the book, Your Guide to Buying Your First Home in Delaware.  John is also a certified mortgage planner (CMP) and the branch manager for the Delaware branch of Primary Residential Mortgage.

Read testimonials from past clients of the John Thomas Team to find out why they stand out from the crowd:  https://delawaremortgageloans.net/john-thomas/testimonials/

Primary Residential Mortgage is a Delaware Mortgage Banker as well as a mortgage broker.  This means they can underwrite and fund their own loans or they can broker the loan to another bank if the need arises.  You can apply for a home loan by calling 302-703-0727 or you can APPLY ONLINE.

John R. Thomas – NMLS 38783

Certified Mortgage Planner – Primary Residential Mortgage, Inc.

302-703-0727 DE Office / 610-906-3109 PA Office / 410-412-3319 MD Office

248 E Chestnut Hill Rd, Newark, DE 19713