How are these companies for refinancing an existing home loan?
1. Ameri-Save 2. Prospective Financial 3. LoanDepot 4. New American Funding 5. Quicken loans I did some research online. All of these are A+ or A rating as per BBB or US News etc but the funny thing is that there is not much info on them like stock info, number of employees or wikipedia pages etc etc, like things which you might expect from other very big brands like Chase, BoA, Citi etc. I know these aren't giants companies but at least whatever numbers they have should be available publicly in some form, no? Without that info, it is kinda hard to know what you are getting into. For instance AmeriSave was fined ~20 million dollars in 2014 for click-bait mortgage loans and yet it has A+ rating. So verybhard to know which company to trust here. #mortgage #housing #refinance
I was talking to a mortgage banker he told all this company assign the loan to some other credit union or bank. Most things are hidden hence I did not go with them
Refinanced with LoanDepot and its smooth... fyi, QuickenLoan is going IPO soon and LoanDepot had tried it in 2011 and may try again.. amerisave ia recommended by Costco.. you cant go wrong with any of these.. if its refinance then its easy as u have not much to lose .. at the end they sell it to big banks
this may be an unpopular opinion, but i’m a big fan of the big banks for refinance and new purchase loans...more personable experience. especially wells fargo. did 2 mortgages with them. When i tried those online mortgage brokers, all i received was some dumb spammy phone chats who had no idea what they were talking abt