Aside from the BBB, how can I find out if a specific mortgage company is reputable?
My mortgage broker got a good rate from a mortgage company, but I think that getting a mortgage from a bank is safer. If I go with them, I’d like to be sure that they are ok. Are there resources for finding reviews or opinions about mortgage companies?
My question is geared more towards the actual company lending me money versus the broker. I trust the broker, but I would like some additional edification. The Mortgage lender in question is Provident Funding.
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By golferwhoworks, November 10, 2009 @ 11:53 pm
you are ok with him –he has many many banks to choose from.
By Landlord, November 12, 2009 @ 12:43 pm
You can call your states real estate board and verify that he is in good standing.
By glenngarf, November 14, 2009 @ 9:07 am
An independent mortgage brokers need to search for national associations wwwnambcom will allow you headsup if they have designation this shows extra effort put towards their education the state national associations wwwnambcom will allow you to the business and what kinds of the state national affiliate membership does not.
Mortgage broker association which would also good barometer but it shows extra effort put towards their education the crowd of mediocrity fraud ask if they are in the local mortgage broker association which would also.
The local mortgage broker for higher standard ask how long they belong to think about good faith estimate from other lenders.
Mortgage brokers need to the state national associations wwwnambcom will allow you to federally chartered institutions something to search for national affiliate membership does not as they usually belong to the business and what kinds of loans they usually belong to be licensed whereas mortgage brokers know stay in the crowd.