Tamalpais Bank creates alliance with First California Mortgage Co.

Tamalpais Bank has announced that they have created a new alliance with Petaluma-based First California Mortgage Co. they hope that this new deal will help them provide their customers residential mortgages for up to $10 million.

These mortgages will be available for home purchases as well as refinancing for properties in California. Fixed and variable rate residential mortgage loans are available at one of San Rafael bank’s seven branches in Marin County.

As you know the U.S. is facing a mortgage crisis, so coming up with a jumbo mortgage is extremely difficult, even if you are a well qualified borrower.

Mark Garwood, Tamalpais Bank CEO, said that there were critical factors when choosing a mortgage partner, First California Mortgage Co. were the perfect choice as they had investor relationships, operations and technology which they could provide to our customers.

Tamalpais Bank will not be assuming the credit risk through this alliance, where they refer customers to FirstCal.

Source

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