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Get to know Mid America Mortgage (fka Schmidt Mortgage Company) Ohio

Founded in 1940, Mid-America Mortgage, Inc. is a national residential mortgage lender headquartered in Texas. The company offers a variety of loan products, including conventional, FHA, VA, USDA, and jumbo loans, through its retail, wholesale, and correspondent channels. In 2021, Mid-America Mortgage expanded its presence in the Midwest by acquiring Schmidt Mortgage Company, a family-owned lender based in Berea, Ohio, that had been serving the region since 1949. This acquisition integrated Schmidt Mortgage's operations and brand into Mid-America's national platform while maintaining a strong local presence in Ohio.

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Mid America Mortgage (fka Schmidt Mortgage Company) Ohio

United States

Founded in

1940 (86 Years)

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Last online: No recent activity

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Markets.com

(326 reviews)

United States

2008

(18 years)

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A Grade License

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B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

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