Midland Mortgage Company
In 1950 a group of Oklahoma City businessmen decided to organize a mortgage banking firm, and Midland Mortgage Co. was born. Midland is now one of the largest purchasers of loan servicing rights in the country. Midland has separate payment, correspondence and insurance center to handle their customers’ accounts. They provide a variety of services as well as account management. For example, their loan counselors are available if their clients can’t make a payment, account information is available through their automated phone system or website, they can schedule automatic payments, and they make it easy and convenient to process changes to their clients account information. Midland Mortgage lends throughout the country.
Loans Funded by Midland Mortgage Company
In conjunction with MidFirst Bank, Midland Mortgage funds all sorts of loans, some of them being:
- Convention Loans
- Adjustable Rate Mortgages
- Fixed Rate Loans
- No Down Payment Options
- No Income Verification
- FHA and VA Loans
- Less than Perfect Credit Loans
- Home Free Loan Options (for those who need help with the down payment)
- Home Equity Loans
- Refinance Options
Midland Mortgage Refinance Loans
For customers of Midland Mortgage, the refinance loan offers no fee, no appraisal (in most cases), no income or credit qualification (in most cases) and a seven minute online application. For other loan applications one can apply online or call Midland Mortgage for assistance. MidFirst Bank also offers education loans through the Federal Family Education Loan Programs (FFELP). These include Stafford and PLUS (Parent Loan for Undergraduate Students) loans that may be available to students through the school, college, or university of their choice. They finance vehicles, as well.
Midland Mortgage’s website includes information on various aspects of the mortgage process. The consumer can access a mortgage glossary, information on the advantages of setting up an escrow account to pay insurance and property taxes, a list of common codes one might find on mortgage documents and, of course, frequently asked question about the mortgage procedure. They wish to inspire confidence in their clients and assure them that their loan is in good hands.
History of Midland Mortgage Co.
Midland Mortgage is headquartered in Oklahoma City, Oklahoma. They serve approximately 300,000 loan customers in the US. In 1982, after 30 years of loan processing, Midland Mortgage was joined by MidFirst Bank, and in 1993 MidFirst Bank Loan Center was established. Today they have 39 banking centers in Oklahoma, a statewide network of ATMs and nationwide online banking. MidFirst Bank offers a complete selection of financial services, including competitive home financing options, a wide variety of value-added checking and savings accounts, and competitive CD rates. Midland Mortgage offers the stability and security of over 50 years of mortgage experience.
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