Towne Mortgage Company of Columbia

Towne Mortgage Company is a mortgage lender in Columbia, SC, focused on residential mortgage lending and servicing. The company works primarily with institutional partners such as credit unions, community banks, agricultural banks, brokers, and mortgage bankers, offering customized solutions including hybrid retail, wholesale, mini-correspondent, correspondent, and sub-servicing options. Its product offerings span home purchase, refinance, and remodel financing, including 203K loans, HomeStyle loans, and programs for first-time homeowners with loan amounts up to two million dollars. Private mortgage insurance is not required with a 20% down payment or higher, and sellers may pay up to 6% of closing costs. Towne Mortgage does not offer checking accounts, IRA investing, wealth management, or commercial lending products, and does not cross-market to its partners' customer bases.

The company maintains regional operations centers in Columbia, SC and Troy, Michigan. Its approach is built around start-to-finish service tailored to the needs of its mortgage partners, with underwriters and account liaisons assigned to understand and fulfill partner requirements. Towne Mortgage is a multi-channel, national lender and servicer that addresses cybersecurity and compliance alongside its lending operations, and it holds state-level licenses in Arizona, California, Georgia, Illinois, Massachusetts, New Jersey, and Rhode Island, in addition to its NMLS registration.

The Columbia office sits on Devine Street in the Shandon neighborhood, about two-tenths of a mile from Emily Douglas Park and Shandon Presbyterian Church, and roughly three-tenths of a mile from Hand Middle School.

Towne Mortgage Company holds a rating of 5.00 based on 9 reviews, reflecting a solid reputation among the customers it has served.

Services:

• Delegated Correspondent
• Document Services
• Mini Correspondent
• Sub-Servicing
• Traditional Wholesale