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Developed to meet the needs
of the independent community bank...
Our experience provides your
organization with practical, proven solutions to the problems that you
face in today's mortgage industry.
Our Community Mortgage Network is
your resource for access to fixed & variable rate loans via the
secondary market. Help your customers realize their dreams of owning
their own homes.
Why the Community Mortgage
Network?
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Community Banks have long been
looking for access to secondary markets. Many providers of this
service have forgotten the specific needs of community bankers in this
area and are not able to provide the level of service that is required
for these banks
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Community banks in Ohio are looking
for a provider that can give them the expertise and training required
to guarantee that the bank's customer relationship won't be dissolved
from exposure to secondary market lending.
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Community banks are looking to
provide these services, but do not want to take on the overhead or
responsibilities of servicing these mortgages. However, they also do
not want the customer relationship taken away from their bank during
the servicing period, nor do they want their relationship destroyed by
this portion of the lending activity.
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Community bankers are looking to
secondary markets as a defensive strategy to maintain customer
relationships. No one wants to lose business to a competitor because
they are unable to provide the service the customer desires.
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Community banks see secondary
market lending as an offensive strategy that will increase their
present customer base, increase community exposure, increase
cross-selling opportunities and increase profits.
Involvement with Community
Mortgage Network will...
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Allow you to provide your customers
with this important type of loan rather than having to go to a
competitor.
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Build stronger customer
relationships with your present customers by meeting the needs of your
customer that you are not presently able to meet.
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Give your organization the
opportunity to increase your fee income.
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Eliminate the interest rate risk
associated with long term lending.
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Provide your organization with
simplified training manuals instructing your personnel with full
easy-to-use instructions on originating and processing a mortgage
loans.
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Provide you with support from your
local Bankers' Bank - The Great Lakes Bankers Bank.
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Provide your personnel with proven
marketing techniques that will expand your mortgage opportunities.
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Provide your organization with
another opportunity to cross-sell your other products and services.
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Provide your organization with
market expertise in originating investment-quality loans.
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Eliminate the operating cost
associated with the requirements of servicing small volumes of
investment-quality loans.
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Allow your organization to make
loans which are presently being rejected due to internal policies,
improving your Community Reinvestment Act position.
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Free up monies in times of illiquid
markets- (usually when loan demand is high).
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Provide your organization with
weekly status reports allowing more time to service your customers and
enable quicker closings.
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