Tuesday, June 9, 2020

Low Overhead + Low Margins = Low Rates

Mortgage Quest
a dba of McCormick Lending Group, Inc.


Having worked for a few of the large banks and mortgage banking firms prior to starting Mortgage Quest in May 2000, I learned how and why these mortgage companies need to mark-up their rates that are offered to the public: large overhead expenses including office salaries, commissions, large rent/office space, several layers of management, extra quality control costs due to large staffing, etc.

Mortgage Quest was established with a business model that has reduced these large expenses so that our operating margins are the lowest in the industry and the need to mark-up interest rates was eliminated:
  • By being the sole-owner/ loan originator for Mortgage Quest I personally control our pricing model generally saving our clients up to .25% - .50% or more on their rate versus the competition.


Bob McCormick, President

 Toll Free 800-328-0144  

 mb0903631 nmls175743 nmls179756 Cadoc603J043 Equal Housing Lender

In-House Bridge Loans Available (purchase before selling and remove contingency)

Mortgage Quest a dba of McCormick Lending Group, Inc. We offer In-House Bridge Loans for borrowers who want to purchase a new pro...