The role of mortgage companies
First, real estate mortgage seems to be only a matter for loan banks, but actually involves many departments; In addition to banks, there are housing management transaction registration departments, evaluation agencies, notary offices, insurance companies and so on. The different documents required by various institutions, coupled with the long time of real estate transfer and mortgage, have brought inconvenience to the banks and customers of loans and reduced the efficiency of handling loan procedures. The rise of mortgage companies, entrusted by buyers and sellers, provides "one-stop" services for loan buyers, such as applying for loans from banks, property rights transfer transactions, mortgage registration, etc., with professional mortgage knowledge and innovative mortgage service processes, which greatly improves the work efficiency of home purchase loans and wins more valuable time for customers and banks;
The second is to reduce the possible risks of buyers and sellers in the process of buying houses. Mortgage purchase often means that after the seller receives the down payment from the buyer, both parties begin to go to the housing management department for bank mortgage, property transfer and other procedures. During this period, if the loan approved by the bank does not meet the requirements of the borrower or the seller reneges on selling the property. The transfer of property rights cannot be carried out on schedule. Through a professional mortgage company, the buyer and the seller must entrust the person designated by the mortgage company as their agent to handle the whole process of property right transfer and mortgage registration. As a third party, the mortgage company can completely avoid the above problems.