About PRC

Professional Realty Consultants, LLC was licensed for business in 2005 by the Pennsylvania Real Estate Commission and is owned and operated by Laurence E. Ostrom. PRC is proud to be a member of the National and Pennsylvania Association of Realtors® and fully subscribes to its code of ethics. PRC is also a member of Bright MLS, the local multiple listing service covering Chester County, Delaware County, Lancaster County, Montgomery County, Bucks County, Berks County, Philadelphia County, and most of the Southern-Middle counties of Pennsylvania.

Laurence is also a licensed Mortgage Loan Originator (NMLS ID#135687), broker, and owner of Professional Mortgage Consultants (PMC).  PMC is a Pennsylvania Department of Banking and Securities licensed mortgage brokerage (Lic.#20481) and (NMLS ID#111211). PMC is proud to be a member of the National and Pennsylvania Association of Mortgage Brokers and fully subscribes to its Code of Ethics and Best Lending Practices. PMC is also proud to be a member of AIME (Association of Independent Mortgage Experts).

About the Owner

Laurence graduated from Dickinson College (Carlisle, PA) with a B.A. in Economics. He also studied Economics at the University of Southampton, England. He shortly thereafter entered the mortgage business, working in the mortgage servicing department of Naples Federal Savings & Loan (Naples, FL). This two year exposure in the back-end of the business educated him about concepts that often aren't understood by most mortgage originators nor real estate agents: property tax and hazard insurance escrow accounts, investor reporting, collection activities, foreclosure law, and most importantly, the understanding of the legal instruments (the actual mortgage and note) which all borrowers must sign at closing.

After two years and a promotion to track and coordinate the bank's foreclosure activities, Laurence returned to southeastern Pennsylvania to get into the "front-end" of the business. Laurence became a Mortgage Loan Originator with one of the largest national mortgage bankers, and learned how mortgages were originated, but from a retail mortgage banking branch point of view. At the time, this retail lending (customer dealing directly with a bank) was how mortgages were primarily originated. But the structure of this system led him to believe that real customer service was unobtainable. After all, the Mortgage Loan Originators WORK for the lender, whose interests are often times not the customer's. After learning and working within this system for two years, Laurence left to establish his own firm, structured as an independent "Mortgage BROKER"

The Concept of a Mortgage Broker

Just as the name implies, Brokers put together transactions between lenders and borrowers. We have ACCESS to many different lenders, but don't work for them - we work exclusively for our customers. We work for you, so we can independently advise and construct the best mortgage plan, which usually costs you less than if you went directly with the lender itself. The customer truly gets the best of both worlds - access to big bank cost of money with "Mom 'N' Pop" lower overhead and better service. Brokers were responsible for closing 27.4% of total mortgage volume in 2024, Q3.

PMC believes that this explosive growth in our field is due to better pricing and certainly better and INDEPENDENT service than that provided by retail lenders, real estate brokerage-owned lenders, or the real estate brokerage's affiliated business arrangements. Feel free to call to better understand these distinctions, besides other types of mortgage lenders such as banks, S&Ls, credit unions, among other possible sources. Brokers are better.

Service Record

Laurence is proud that for 34 years of owning Professional Mortgage Consultants, his referral rate has been consistently very high.  In 2024, 100% of the loans that were closed were either previous customers or referred by previous customers. Additionally, not one mortgage application taken has ever been rejected -- a 100% approval rate! This attention to detail and a commitment to service means real service, not lip service. See Reviews.