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Universal Bancorp and its shareholders are happy to join the Berkshire Calloway Group LLC. By securing the presigous address of; 110 Wall Street. 11th Floor, NY NY 10005-3817. Universal Bancorp is fulling its desire to not only match the success of Ditech, but to overtake it within the second quarter of 2009.
Terms of the sale to Berkshire Calloway were not disclosed - however ointernal guideance put the value of 66% of book value (not included; good will).
Grant Waite
Description
Universal Bancorp’s Mission Statement
Universal Bancorp’s mission is to be continually recognized as one of the premiere mortgage companies in the country. Our goal is to develop a dynamic, highly knowledgeable sales force, superior in nature, founded on the philosophy of high expectations and goals achieved through hard work, discipline and commitment. We are able to accomplish this by recruiting and attracting only the most highly talented and educated individuals in the industry. We continually strive to provide the best training possible. We accomplish this by providing the best “hands on” training in the mortgage industry, and by promoting employee’s careers through the delegation of increased responsibilities. First and foremost we are a service company, dedicated to providing our clients with the most professional service, and offering the fastest turn-around time-from loan submission to closing-while maintaining a solid, long-term business relationships with our investors.
A strong belief in the “customer for life” principal guides our company as we continue our internal belief in maintaining service superiority. Universal Bancorp embraces technology, and understands that mortgage technology is changing the mortgage industry each and every day. We also understand that our clients want to be treated as human beings, with courtesy and respect. We believe that no matter how technical the medium of exchange continues to evolve in the mortgage industry, Universal Bancorp will never deviate from the fact that beyond all of the technology and all of the changes that occur within our industry, the principal of people doing business with people will never change as far as our company is concerned. Our goal is to continue to strive to be the best that we can as reflected to our customers, for the purpose of helping them to meet or exceed their own internal goals and personal objectives.
Lastly, we value our clients and our employees above everything. We will continue to strive to interact with each other as we would family. We value our clients and will continue to provide each of them with personal service in a professional, friendly and courteous manner. We guarantee that each and every experience with Universal Bancorp will be a positive experience for all parties involved.
Universal Bancorp’s Fair Lending Statement
The equal treatment of all credit applicants, without regard to race, sex, sexual orientation, color, national origin, religion, age, marital status, disability or any other prohibited basis, is an integral part of Universal Bancorp’s fundamental mission of providing quality financial services and product’s to existing and prospective customers. Denying any segment of society equal access to basic economic opportunities, such as home ownership or credit, is morally repugnant and has no place in our society. Only through the efforts of all of us at Universal Bancorp can we ensure that every applicant for credit receives fair and equal treatment and that we have helped each customer of Universal Bancorp reach their intended goal..
Universal Bancorp is committed to the principle that every applicant for credit receives fair and equal treatment throughout the credit application and approval process. This principle is embodied in the Equal Credit Opportunity Act and the Fair Housing Act.
Sincerely, Greg Steinaker Greg Steinaker Founder and C.E.O. Universal Bancorp
Languages
English
Contact
- Essentuale
- Berkshire Calloway dba Universal Bancorp
- 110 Wall Street. 11th Floor, New York, NY 10015-3817
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- (877) 877-8860
- Contact Aston Rhodes for invesment opportunities with the Berkshire Calloway Family of companies;
Additional Information
AN OPEN LETTER TO MORTGAGE BROKERS: Universal Bancorp.“Simply Faster™”Universal Bancorp is redefining how a Mortgage Banking Corporation interacts with its approved Mortgage Brokers. The Mortgage Broker’s primary responsibility is to bring a buyer (Your Borrower) and a seller (A Mortgage Banker or Bank) together. Based on the needs expressed to you by the borrower, your goal is match this need with the best possible product-in a timely manner. The most important thing that your clients look for from a Mortgage Broker is their ability to execute the loan transaction- in a timely manner. Your success is directly related to the business relationships that you have drawn upon to help you fund the loan.
Most Mortgage Broker’s problems are directly related to the fact that they overestimate the capabilities of their existing Mortgage Lender or Bank. One definition of “insanity” is; “doing the exact same action over again, the exact same way you did it the first time, and then expecting a different result”. Assume you have a relationship with Mortgage Banker “zzz corp”, you don’t really remember why you use them?, as you are faxing the pre-approval request to them, you suddenly realize that this process (if they elect to approve the request) will most likely take a month (or two, or three?) to fund your loan for you (this is assuming that the loan funds at all!).
The last thing you need when you a trying to place a mortgage is a long drawn out process. Let’s face it, if you are trying to place a $25,000.00 Second mortgage, or even Second mortgage, you want to be in and out of this transaction within 10 days (2 weeks Maximum). Your goal is to fund the loan in a timely manner, and get paid a commission. You don’t want to make endless calls to a processor or underwriters voice mail. You don’t want to have to “beg” for Loan documents. You don’t want to have to baby-sit the Loan Funder to get your Broker Check. The headaches can (and do) go on and on…….
Universal Bancorp allows you to have the flexibility and speed of a Mortgage Banker without the increased liabilities of lending your own funds. Wouldn’t be nice to be in control of the whole loan process? To know that you can get same day doc’s? To know that your loan will fund the day after your borrower’s rescission ends?. At Universal Bancorp this is business as usual. How many lenders do you know that are proud to provide a list of Brokers who deal with them? Universal Bancorp does. Just as any lender will request references from you, we are happy to provide a list of references of Brokers who work with us. Most of the brokers who use us Mortgage Lender refuse to place there mortgages elsewhere. Even if some “Mega Lender” may offer a slightly lower rate, they prefer the quality, consistent service they get with Universal Bancorp. They also prefer the fact that “A dollar today is a heck of a lot better than a dollar next month (or the month after?)!”
How many Lenders do you work with that offer you Guarantees? Universal Bancorp offers 4 Guarantees: 1) We Guarantee that you will receive a response on your pre-approval request within 24 hours (usually same day). 2) We Guarantee that we will fund your loan with 48 hours of your borrowers right to cancel 3) We Guarantee that we will have your Loan Documents prepared within 24 hours of receipt of prior to doc conditions (usually sooner) and 4) We Guarantee that each loan closed with Universal Bancorp will be a positive experience for all parties involved.
If you are ready to see what real service is all about, not just saying we offer good service, but Guaranteeing it. If you are ready to build a strong, real, relationship, with one of California’s most dependable and respected wholesale lenders, then call us today!! Universal Bancorp is always looking to develop new relationships with brokers.
Sincerely,
Greg Steinaker
Greg Steinaker
President
(866) 7000-UBC (700-0822)
