The Mortgage Exchange, established in 1976, is a mortgage banking and brokerage company that provides a range of loan options. It operates a residential lending division that offers fixed-rate, purchase, refinance, no income verification, custom construction, mortgage, golf course and new home loans. The company also operates a commercial financing division that includes funding for apartment complexes, mobile home parks, office buildings and other commercial properties. The Mortgage Exchange is affiliated with Pacific Northwest Development Corporation. It serves more than 1,000 customers throughout central Oregon. The company offers complete loan servicing packages to individuals and groups of investors. The Mortgage Exchange additionally collects and holds tax and insurance impounds and makes payments when they are due.
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