Resource Financial Services, South Carolina’s largest privately owned mortgage bank, has been approved by Federal Home Loan Mortgage Corporation (Freddie Mac) as a Conventional Mortgage lender.
This distinction allows the mortgage bank to realize pricing advantages and expand its wide range of mortgage solutions to meet the diverse needs of its borrowers. Freddie Mac also provides technology solutions that make the loan process simpler, faster and more accessible to qualified borrowers.
“This is another great step for our company,” said A. Wade Douroux, President and CEO of Resource Financial Services. “The fact that we received both agency approvals – Fannie Mae and Freddie Mac – during a year when we also experienced unusually high volume due to the pandemic is a tribute to our leadership team’s commitment to give Resource customers our best. They worked diligently with Freddie Mac to achieve this approval.”
Douroux said the approval also solidifies the company’s position as an independent mortgage banker not reliant on any other company to originate and fund loans.
Freddie Mac makes home ownership more accessible and affordable by purchasing mortgage loans from lenders so they in turn can provide more loans to qualified borrowers. Its mission to provide liquidity, stability and affordability to the U.S. housing market in all economic conditions extends to all communities from coast to coast.
“This approval will provide even greater opportunities for our borrowers,” said Douroux. “Combined with our end-to-end homebuying experience and Rapid Process Mortgage (RPM), our digital mortgage process, we empower the borrower to complete their mortgage application online from the safety and convenience of home.”
Resource Financial received Fannie Mae approval in August. That distinction allowed the mortgage bank to realize pricing advantages and expand its product offerings, as well as to sell and pool loans into mortgage-backed securities
Resource Financial Services also received several accolades this year. The firm was named to the Inc. 500/5000 list for the third time since 2012.and also was named a top workplace by Mortgage Professional America in December.
To learn more, visit Resource Financial Services online at rfsmortgage.com or call 877-748-4545.
Resource Financial Services was established in 2008 as a retail banking firm serving borrowers across the Southeast. The company is licensed in 12 states which include Alabama, California, Connecticut, Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee and Virginia. Headquartered in Columbia, South Carolina, the company offers a variety of products including conventional Fannie Mae and Freddie Mac, VA, FHA, USDA, State Housing Agency and Jumbo loans. Resource Financial offers products for first-time homebuyers, second homes and investment properties. Its approach to customer service features streamlined paperwork and a fast approval process that helps responsible borrowers purchase or refinance a home with the most affordable terms available. The company also offers the added convenience and benefits of a full range of commercial and personal insurance coverage including home, renters, auto, business and life and more. In 2020, Resource Financial Services made the prestigious Inc. 500/5000 list of fastest growing companies in America for the third time. Learn more online at rfsmortgage.com or call 877-748-4545.