Information about Lenders
Washington
Mutual
520 South Main Street, Suite
2511
Akron, OH 44311
Tel. 800-882-4687
Fax. 724-935-7905
www.wamuloans.com\wexford
General Information
With a history
dating back to 1889, Washington Mutual, Inc. is a financial services
company committed to serving consumers and small to mid-sized businesses.
Our operations serve customers in all 50 states. Through our subsidiaries,
we engage in the following business activities:
Banking &
Financial Services
Banking and
Financial Services aims to be the bank of choice for middle-market
consumers and small-and mid-sized businesses nationwide by delivering
exceptional service in a welcoming environment. Our entire package
of customer-driven products and services lets the customer decide
how, when and where they want to do business with us, and includes:
* A Free Checking account and free Online Banking (standard service)
that are truly free
* The
opportunity to talk to our tellers and customer service representatives
free
* Responsive, individual customer service that is provided to everyone
We currently
serve more than 5.5 million households through multiple delivery
channels, including more than 1,500 financial centers, 24-hour telephone
and internet banking, and more than 2,300 automated teller machines
in thirteen states. Washington Mutual also offers a wide range of
business banking services and loan products through its business
banking centers.
In 1999, Washington
Mutual introduced "Occasio," a new concept in retail banking that
combines Washington Mutual's proven sales and service culture with
a contemporary retail look and feel. Its innovative use of technology,
design elements and people converge to provide something that banks
rarely deliver: an inviting customer experience. To date Washington
Mutual has more than 100 Occasio financial centers in new and existing
markets.
Financial
Services
The Financial
Services Group is comprised of WM Financial Services (WMFS) and
the WM Group of Funds. WM Financial Services is a full-service brokerage
firm specializing in helping individuals meet their financial goals.
WMFS financial consultants and licensed bank employees assist clients
in Washington Mutual's financial centers in thirteen states.
WMFS partners
with mutual fund and insurance companies to offer a broad range
of investment products, including those of our affiliated mutual
fund family, WM Group of Funds. With more than $8.5 billion in assets
under management in its mutual funds and asset management portfolios,
the WM Group of Funds is one of the oldest mutual fund families
in the United States, and is one of the most respected.
Home Loans
& Insurance Services
Home Loans Washington
Mutual's Home Loans Group is the nation's leading mortgage lender.
The group services more than 4 million mortgage loans for customers
throughout the United States and is the nation's largest mortgage
originator and servicer. The Home Loans Group offers a broad array
of single-family residential mortgage products in all 50 states
and the District of Columbia. Customers are served through retail,
wholesale, correspondent and consumer direct channels.
The Home Loans
Group operates as both a mortgage bank and a portfolio lender. Its
product line includes fixed rate loans, adjustable rate mortgages
(ARM), government and jumbo loans, as well as prime and sub-prime
mortgages (specialty home loans). The Home Loans Group's goal is
to help our customers achieve the American dream of home ownership.
Insurance
Services
Washington Mutual
Insurance Services (WaMu Ins) is a full-service insurance agency
providing competitively priced insurance products from a number
of carriers to more than 600,000 customers in 41 states. The WaMu
Insurance mission is "protecting what matters."
WaMu Ins supports
the mortgage lending process by offering fire, homeowner's, flood,
earthquake and other property and casualty insurance products. In
addition, it offers service and support for a variety of other insurance
products including mortgage life, accidental death, vehicle, life,
home warranty and pet insurance. Customers can access WaMu Ins via
telephone, mail and the Internet. WaMu Ins's home office is in Irvine,
California.
Specialty
Finance
Our Specialty
Finance Group provides consumer finance and specialty commercial
lending products under the Washington Mutual and Washington Mutual
Finance brands.
Washington Mutual
Finance Corporation offers direct consumer installment loans and
real estate secured loans, and purchases secured retail installment
contracts from local retail establishments. These consumer credit
transactions are primarily for personal, family or household purposes.
Washington Mutual Finance currently operates over 450 offices located
in 24 states, mainly in the southeast, southwest and California.
The Specialty
Finance Group was also the nation's #1 originator of multi-family
loans in 2000. Commercial and multi-family real estate loans are
offered to property owners and developers through 19 Washington
Mutual commercial real estate offices in California, Colorado, Minnesota,
Oregon, Utah and Washington.
The group also
provides other specialty commercial lending in areas including residential
builder construction, mortgage banker finance and syndicated finance.
Local Branch / Office Locations
| ADDRESS |
TELEPHONE NO.
|
|
520 South Main Street,
Suite 2511
Akron, OH 44311
12025 Perry Highway
Wexford, PA 15090
|
800-882-4687
|
FEES
RELATED TO EACH LOAN
The
following are fees related to a typical $175,000 purchase loan transaction
in the Akron area, with this company. This does not include
points, if any, nor does it include local taxes, prepaid interest
payments or prepaid escrow payments for home insurance or real estate
taxes. A more complete list, tailored to your specific loan transaction,
entitled "Good Faith Estimate of Settlement Costs" should
be provided to you when you actually apply for a loan. All fees
are believed to be accurate, but cannot be guaranteed and are subject
to change without notice.
| Appraisal |
275 |
| Credit Report |
|
| Application |
|
| Inspection |
|
| Document Prep/Review |
|
| Underwriting |
|
| Processing |
|
| Flood Certification |
16 |
| Tax Service |
76 |
| Notary |
|
| Settlement/Closing |
200 |
| Attorney |
|
| Recording |
125 |
| Survey |
150 |
| Messenger/Courier |
|
| Wire Transfer |
|
| Administrative |
|
| Mortgage Broker Fee |
|
| Funding and Review |
330 |
| Payment Processing |
200 (waived
with auto deduct) |
| Title Ins. (lender's) |
681 |
| TOTAL |
$2,053 |
Types
Of Mortgage Products Offered
E-mail
questions | Apply on line |
|