Our Company Philosophy

July 4, 2014 admin

At First Indiana Mortgage, we strive to provide value and confidence to our customers by providing personalized service and low rates. The company brokers mortgages in Indiana, and has been in business since 2000.
Acting as a mortgage broker enables us to offer the full array of mortgage products to our customers, and allows us to be able to direct our clients’ loans to the lender that offers the best loan terms for their particular circumstances.
Federal regulations implemented recently have restructure the way that mortgage loan officers are compensated for the loans that they originate. These laws require mortgage brokers to establish fixed compensation amounts, calculated as a percentage of the loan amount, for each loan. In accordance with these regulations, mortgage brokers must assess their business overhead costs, and other expenses, and set a compensation schedule that will enable them to make a profit. It follows that larger entities, with more overhead and higher fixed costs, have set their compensation percentages higher than ours. We understand that the mortgage business is competitive, and we encourage our clients to compare the rates and services that we can offer, with those offered by our competitors. We recommend that potential clients research available rates through online search engines like www.bankrate.com or www.lendingtree.com.
Because we are in a service industry, we understand the importance of prompt and professional service to our customers. If you call us, you will speak to a licensed loan originator who is also an owner of the company.
We encourage you to visit our website at www.firstindianamortgage.com and to obtain a free rate quote. Together, we can work to make the mortgage process a smooth one.