Interbank Mortgage Company has entered the Maryland wholesale market, and has announced the addition of Brooks Bosley, current president of the Maryland Association of Mortgage Professionals (MAMP), as an account executive to open the Maryland territory. Interbank specializes in Fannie Mae conforming, high balance and DU Refi Plus. Interbank also offers very aggressively priced adjustable-rate mortgages (ARMs) and interest-only ARMs.
“Interbank offers the best pricing, but realizes the need to back that up with service and technology to capture and retain the wholesale business," said Bosley. “Predictability and communication are the focus on the service side."
Interbank recently introduced a Non-Delegated Correspondent program that brokers may choose rather than the traditional wholesale channel. This allows brokers to utilize their own appraisal management compnay (AMC), draw their own closing docs and disclose as a lender to the borrower. While Maryland is the first East Coast state for Interbank to be approved in, other states will follow.