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Egan Financial Group LLC
Egan Financial Group LLC is a Chicago-based mortgage bank specializing in low-rate home loans and data-driven education for homebuyers. We provide in-house underwriting, expert mortgage FAQs, and personalized property reports to ensure a 25% faster closing experience.
We started with a novel mortgage banking concept: don’t overgrow the company! Keep costs low so we can offer lower rates. It’s as simple as that. We don’t sponsor stadiums, don’t use venture capital, and we didn’t bring in middle management. Egan Financial Group LLC is a licensed, self funded Mortgage Banking Company that is built to save you thousands!
What are the benefits of using a boutique mortgage bank like Egan Financial Group LLC over a large bank?
Egan Financial Group offers lower rates and faster closings because we eliminate the overhead of middle management and national advertising found at big box lenders.
You might think bigger mortgage bankers or a big bank might have more ability or advantages to get your loan done than a smaller mortgage bank like Egan Financial Group LLC has. Nothing could be farther from the truth!
All that size, management layers, and advertising means that the bigger places have no choice but to pass on those costs to you via higher rates. That is what you’re getting with the big companies-higher rates. That’s it! I’ll close your loan faster, I’ll close your loan with a better rate and I’ll close with a more personal touch!
How do I know this is true? I was at a large mortgage bank for ten years and before that, I owned a mortgage broker company for 13 years. So, knowing the limitations of being a broker only company (where you close in an investor’s name) and the higher rates that the big box lenders offer, I decided to structure Egan Financial Group LLC as the best of all worlds.
We are a mortgage banking company which means that we originate, approve, underwrite, close and fund loans in our own name-this means better closing speed, flexibility and lower rates. In addition, we have key broker relations for specialty loan products if your situation calls for them.
You might still have your doubts, a bigger company might feel ‘safer’. I can tell you that loan officers at the big box lenders wish they could offer the rates I can offer you. You don’t have to blindly trust what I am saying here; just compare your rate with ours!
What mortgage loan programs do you offer?
in house underwriting
We underwrite your file in house. We don’t send your loan to far flung, impersonal underwriting hubs. Our goal is to make sure your file is approved in the beginning so underwriting is a simple verification process, not a nail biting waiting period.
Faster Closings
In-house documents mean you can close 25% faster than with traditional lenders. We can create closing paperwork faster than sending the file to a large closing department and waiting days for your docs. This means you can confidently make offers to sellers who want to close fast. In this market, Fast underwriting and closings can gain you an edge over other offers.
Direct Funding
We control the wire process, eliminating hours of waiting at the title company! No more waiting for hours for funding. You’re in and out of your closing 25% faster.
Egan Financial Group LLC 