What is mortgage banking

Mortgage Banking involves PTC bringing in institutional partners to share or participate in various mortgage lending opportunities. Typically PTC sources the loan, structures the financing and gets the loan approved for PTC books. PTC then brings in other institutional partners to share in the loan. The benefit to the borrower is that PTC can then offer better pricing, higher loan amounts, longer terms, and also allows PTC to expand their lending relationship with the borrower in terms of total connected limits.

Does banking cost the borrower more?

With the odd exception, mortgage banking can actually save a borrower money. Most of our partners have a lower cost of funds base which we can pass onto the borrower in savings.

Does banking take more time for the borrower?

PTC always stays in for an ownership piece of each loan banked to a partner. PTC is the lead lender and the main contact for the borrower. All dealings with the loan partner are handled by PTC, and in most cases the borrower does not even know that the loan has been syndicated.

Why does PTC have this department?

As a smaller organization, mortgage banking allows PTC to provide loan structures and pricing that it otherwise would not be able to offer. Terms longer than 5 years, larger loan amounts, unlimited connected limit caps and other features that PTC can offer borrowers by having this program.

Who does PTC deal with on the investor side?

PTC has developed very good working relationships with numerous local and national financial institutions. This ranges from major banks, to credit union, life insurance companies and pension funds. These are, in most cases brand name companies that most borrowers would have heard from.