Anchor Mortgage Corporation

Anchor Mortgage Corporation is an Illinois Residential Mortgage Licensee and a full-service mortgage banker/broker for every type of real estate transaction, including purchases, refinancing, equity loans, second mortgages, foreclosures, debt consolidation and rehab loans. They have offices throughout Chicagoland and are headquartered in downtown Chicago. Anchor Mortgage employees a staff of professional, goal oriented individuals and are one of the fastest growing mortgage bankers in the Chicago area. They will assist the borrower in the loan product selection and application process.

Their objective is to help their clients get the right loan at the best rate. They are also licensed in Indiana. The president of Anchor Mortgage, John Munson, conducts business based on a simple premise, to create win-win opportunities for both their clients and their mortgage consultants. At Anchor Mortgage they like to consider themselves a team and they currently employ 100 mortgage consultants and 65 support staff.

Anchor Mortgage puts a high emphasis on referral business (they say they are only as good as their last loan). This means that they strive to impress each and every client, so they in turn will refer Anchor Mortgage to their friends, colleagues, and family with confidence.

Anchor Mortgage is a mortgage banker, not a broker. They underwrite and fund in house all of their FHA loans (including the rehab loan, 203k), as well as the fast growing non-conforming market. A mortgage banker is a lender that is financially able to originate loans and create pools of loans that they sell directly to loan investors. A company that does this is considered a mortgage banker, no matter their size or whether or not they are an actual bank. Some may service (collect payments, create escrow accounts, pay insurance and taxes, etc.) the loans they originate, but not all of them do.

Loans Offered by Anchor Mortgage Corporation

  • Purchase Loans
  • Refinance Loans
  • Home Equity Loans
  • Second Mortgages
  • Debt Consolidation Loans
  • Rehab Loans
  • FHA Loans

Anchor Mortgage will be glad to give a free quote to anyone who calls their E-Commerce Loan Consultant. A downloadable application is available on their website, however it is difficult to find. An online application redirects the customer to the FANNIE MAE website. They would also be happy to mail an application to anyone who calls to request one. They are an equal housing lender and comply with all federal and state regulations in the states they serve.

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This site is not a broker and does not collect or solicit mortgage applications. Content is for informational or comparison purposes only. Services are not available in New York. Products and services may not be available in all other states.