Churchill Mortgage Now Offering Unique Rate Reset Product

Posted by Patrick Barnard on August 01, 2014 No Comments
Categories : Residential Mortgage

Through a new partnership between the two companies, Churchill Mortgage is now offering Mortgage Harmony's HarmonyLoan Rate Reset product, a patented, consumer-initiated, interest rate-resetting mortgage that provides the benefit of a refinance without the expense and time associated with the traditional process.

Churchill will offer the HarmonyLoan feature on select products. This will enable borrowers to compare the terms of their existing mortgage to the HarmonyLoan offer of the day. What's more, borrowers can reset their interest rates as often as every 180 days.

Borrowers can review the offer on a secure, customized website that is powered by Mortgage Harmony's Loan Retention Software. If eligible, the borrower selects the offer and completes the rate reset via e-signature. Mortgage Harmony says this can reduce the refinancing process from the typical 30 days to less than 10 minutes.

‘The HarmonyLoan alleviates the headaches and duplicate processes that riddle traditional refinances, while providing borrowers with a higher degree of transparency and encouraging them to take more control of their mortgage,’ says Mike Hardwick, president of Churchill Mortgage, in a release. ‘Partnering with Mortgage Harmony enhances our overall level of service and strengthens the relationships we have with the community, as well as the industry at large.’

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