Advisors Capital, Inc., found a niche providing tailor-made residential mortgage services. The company, which formed in 2012, offers first and second mortgages.
“We are set up as a lender, we underwrite the loans. After closing, we sell to an individual lender that services the mortgage. We may sell to a larger mortgage company or a credit union or bank,” said John Wright, a vice president for Advisors Capital. The company provides flexibility for many different products with the ability to shop rates for the consumer.
“We’re looking at many different banks, we can shop around for the best products and the best ineterest rates,” said Wright.