The article from housingwire.com discusses how Bridge Bank has resumed mortgage originations after temporarily suspending them in May 2020. Bridge Bank is a tech-focused bank assigned to serve Silicon Valley. They offer a range of services from venture capital and commercial lending, to cash flow and asset-based financing, to SBA lending. Their resumption of mortgage originations in September will help fill the void of small- to mid-sized mortgage lenders that largely exited the market due to the pandemic.
Bridge Bank currently offers mortgage options to homebuyers throughout the country, but specializes in those living in the Silicon Valley bay area. The bank works to quickly approve and fund loans and secure favorable terms such as lower interest rates and cash back. Bridge Bank also provides a simple online process with a dedicated mortgage lending team that is available to answer questions during the process.
The simplified online process remains active even during the pandemic, along with an array of technology resources to support the continuity of remote mortgage servicing. Bridge Bank also ensures a smooth transition as borrowers move from one lender to another, streamlining paperwork and avoiding late fees.
Ultimately, the move to resume mortgage originations from Bridge Bank is beneficial to those in the Silicon Valley area and beyond. The bank offers a variety of services that specialize in customer service, capital access and reliability. With its simplified online process, dedicated lending team and assortment of technology resources, Bridge Bank is in a unique position to appeal to current and prospective borrowers.
You can read this full article at: https://www.housingwire.com/articles/silicon-valleys-bridge-bank-resumes-mortgage-originations/(subscription required)
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