Jacksonville, Fla. July – Bayway Mortgage Group recently added several new members to its loan origination team in July in order to offer Georgia residents less than 15 day closing times on mortgage loans with a companywide dedication to customer service. Bayway Mortgage Group consistently strives to provide the ideal loan experience while originating loans in the fastest times possible at 15 days or less.
Georgia is said to have some of the strictest licensing requirements in order to become a certified loan originator. According to LoanOfficerLicense.net, the Georgia pre-license education requirements include:
- 3 hours of Federal law and regulations
- 3 hours of ethics including instruction on fraud, consumer protection and fair lending issues
- 2 hours of non-traditional mortgage lending
- 12 hours of undefined instruction (electives)
Homeownership is also an important accomplishment to many Georgia locals. According to the United States Census Bureau, homeownership rates in Georgia are higher than that of the national average. From 2007 – 2011 the national homeownership rate for the United States was listed at 66.1% while homeownership rates in Georgia for the same time period were listed at 66.8%.
More prospective homeowners are also expected to emerge in Georgia as the state’s housing market begins to bounce back from the recent national foreclosure crisis. According to a report by RealtyTrac, a website tracking foreclosure statistics across the U.S., Georgia home sales for the month of June 2013 were up 19% from June 2012.
In response to tougher certification requirements for loan originators than other states and the recent increase in the number of prospective homeowners in Georgia, Bayway Mortgage Group took action. Bayway Mortgage Group fortified its loan origination team with certified loan officers in Georgia.
Bayway Mortgage Group hopes its recent efforts to expand in Georgia will help to provide Georgia residents with the ideal loan experience and the fastest in loan closing rates at 15 days or less.
Bayway Mortgage Group is located in Jacksonville, Florida and focuses on offering low rates with less than 15 day closing times and a price match guarantee on refinance and mortgage loans. Bayway Mortgage Group strives to develop a holistic understanding of a client’s situation in order to provide mortgages that are sustainable and will lead to home ownership without financial challenge
Company Name: Bayway Mortgage GroupContact Person: Brian Smith
Email:Send Email
Phone: 904-446-3907
City: Jacksonville
State: Florida
Country: United States
Website: www.baywaymortgage.com
Source: www.abnewswire.com
