About Us

I believe the most important concern is that all our clients' expectations are met and exceeded. Referrals from past clients are the driving force in our business, and I feel each and every referral needs to be earned. Because of this, we strive to offer unparalleled levels of client service and education.

Boulder Lending has been awarded the exclusive Upfront Mortgage Broker designation. The UMB certification assures clients excellent treatment in all mortgage transactions and the most accurate interest rate and closing cost quote with our Good Faith Estimate.

Upfront Mortgage Broker Certification

To be certified, Boulder Lending has met all of the UMB requirements below. Read on to learn how we are dedicated to your satisfaction.

There are numerous factors that impact the pricing of mortgage loans. This makes the process of shopping for a mortgage loan complicated and confusing for most borrowers. Even knowledgeable and sophisticated consumers often pay more than they should simply because of the complexity of the process. In addition, there is a conflict of interest between the borrower and the typical bank loan officer. This makes the shopping for a mortgage loan even more difficult for consumers. Most mortgage experts acknowledge there are primarily two reasons consumers should utilize the services of a mortgage broker. Mortgage brokers have access to wholesale mortgage prices, which translates into better loan pricing. And brokers have superior loan product selection because they utilize numerous lenders.

While mortgage brokers have access to wholesale mortgage prices, a broker rarely provides this price to a consumer. The typical mortgage broker operates like a merchant that buys at one price and sells at a higher price. Brokers can earn on a transaction as much as they can induce borrowers to pay over the wholesale price. In addition, brokers have the ability to increase the amount of money they make on a transaction based on the type of loan that they can persuade the borrower to select. The combination of a complex process with a conflict of interest situation results in many consumers paying more than they should for a mortgage loan. And many consumers obtain the wrong type of loan for their situation.

An UpFront Mortgage Broker operates under specific requirements, as set forth in the “Upfront Mortgage Broker Commitment”. By virtue of these requirements, a consumer will receive the benefit of doing business with a mortgage broker who will represent the consumer’s best interests. The key element of the UMB Commitment is the requirement that the fee for the UMB’s services be negotiated and established with the borrower at the start of the mortgage process. Because the UMB’s compensation is set upfront, the borrower will receive the exact wholesale price with no markup. At a minimum, the services that a UMB provides will be the same basic services a borrower would expect to receive from a traditional mortgage broker. But because the UMB’s fee is established in advance, the information and counsel received from a UMB is objective and impartial

The process of shopping for a mortgage loan is different when a UMB is utilized. Instead of shopping for a mortgage loan, the consumer is shopping for a mortgage broker. Once hired, the UMB will perform the shopping for the mortgage loan on behalf of the borrower.

Upfront Mortgage Broker Commitment

1. I will endeavor to act in the best interests of the Borrower.

2. I will establish a price for services upfront, in writing, based on information provided by the Borrower. The price may be a fixed dollar amount, a percent of the loan, an hourly charge for the broker’s time, or a combination of these. The price or prices will cover all the services provided by Boulder Lending. If the broker charges a loan processing fee, regardless of whether it is paid directly to the broker or a third party, this fee and the amount will be disclosed to the customer. On third party services, such as an appraisal, ordered by the broker but paid for by the customer, the broker will provide the invoice from the third party service provider at the customer’s request. Alternatively, the broker may have the payment made directly by the customer to the third party service provider.

3. Any payments Boulder Lending receives from third parties involved in the transaction will be credited to the Borrower, unless such payments are included in the broker’s fee.

4. I will use my best efforts to determine the loan type, features, and lender services that best meet the Borrowers needs, and to find the best Wholesale Price (rate and points) for that loan from a lender with which the broker is approved.

5. When the Borrower who has met lender Lock requirements, I will contact the Borrower and confirm to Lock the terms (Interest Rate, Points, Lock Term) of the loan, and will provide a copy of the written confirmation of the rate lock as soon as it has been received from the lender. At the same time, I will guarantee all fees charged by the lender who locks the rate as long as Borrower does not exceed the agreed upon Lock Deadline.

6. After the terms have been Locked, and if requested by Borrower, I will provide a copy of the applicable lender’s Lock rate sheet that reflects the Wholesale Price.

7. If the Borrower elects to Float the rate/points, I will provide the Borrower the best Wholesale Pricing available on the day the loan is finally Locked.

8. The broker will maintain a web site on which its commitment to its customers is prominently displayed, along with any other information the broker wishes to convey. If the web site displays mortgage prices, the broker will indicate whether the prices are retail or wholesale. If prices are retail, the markup will be shown. If prices are wholesale, a prominent note will indicate that the broker’s fee will be an added charge.

Upfront Mortgage Brokers in the News.

Boulder Lending is proud to support local charities by donating a percentage of our commission on each loan we close to a 501(c)(3) non profit organization.

We will be happy to donate in your name to your favorite charity or please choose from one of these local agencies.

Habitat for Humanity
Volunteers for Outdoor Colorado
Greenwood Wildlife Hospital

Thank you for your time and if you have any home financing questions please do not hesitate to call.

Eric Patterson 
720.435.8455 - phone
303.666.7312 - fax
eric@boulderlending.com