Expertise.com

Best Mortgage Brokers in Irvine

Laurels
Laurels

We did the research for you!

Learn more
  • checkboxLicensing
  • checkboxUser Reviews
  • checkboxMystery Shopping Calls

Mortgage Brokers FAQs

Learn more
Clear Path Lending logo
Visit WebsiteWebsite

License Verified:

License: 936436

Nationwide Multistate Licensing System and Registry

Clear Path Lending

15615 Alton Parkway, Irvine, CA 92618
Visit WebsiteWebsite
  • Refinance

Business Description

Clear Path Lending is a mortgage brokerage firm that serves Irvine and the surrounding communities. It offers fixed-rate and adjustable-rate loan options such as conventional, FHA and FHA streamline, VA, and jumbo loans. Refinancing options are also available for clients looking to lower or change their interest rates, shorten the original loan terms, or cash out from their home equity for home improvement purposes or debt reduction. Clear Path Lending has been around since 2012.

License Verified:

License: 936436

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.8
Google
4.0 / 5 (2740)
Facebook
4.0 / 5 (172)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Full Circle Home Loans logo
Visit WebsiteWebsite

License Verified:

License: 1473429

Nationwide Multistate Licensing System and Registry

Full Circle Home Loans

5000 Birch Street, Newport Beach, CA 92660
Visit WebsiteWebsite
  • Refinance

Business Description

Full Circle Home Loans is a mortgage brokerage firm serving first-time homebuyers, investors, and homeowners throughout Irvine. It helps clients fund their homes by providing them with a loan program that matches their goals and needs. Loan options include conventional, FHA, VA, refinances, new construction, and jumbo loans. The team of mortgage professionals also services and secures loans for public sector workers such as police offers, teachers, military members, and veterans. Full Circle Home Loans has offices in Upland, Temecula, and New Beach.

License Verified:

License: 1473429

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
5.0 / 5 (54)
Yelp
5.0 / 5 (20)
Google
5.0 / 5 (2)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
HomeLife Mortgage logo
Visit WebsiteWebsite

License Verified:

License: 222264

Nationwide Multistate Licensing System and Registry

HomeLife Mortgage

100 Spectrum Center Drive, Irvine, CA 92618
Visit WebsiteWebsite
  • Refinance

Business Description

Established in 1990, HomeLife Mortgage is a boutique mortgage brokerage that has served homeowners in Irvine. It meets with clients and examines their background, from income to desired house type, to advise them on suitable loan options. The brokerage educates first-time homeowners and buyers about the mortgage process, such as pre-approval and refinancing. Furthermore, it caters to commercial clients such as self-employed workers, freelancers, contractors, and entrepreneurs. HomeLife Mortgage was founded by Darrin Seppinni, a longtime member of the industry and a published author.

License Verified:

License: 222264

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (9)
Yelp
5.0 / 5 (2)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Intelliloan logo
Visit WebsiteWebsite

License Verified:

License: 3290

Nationwide Multistate Licensing System and Registry

Intelliloan

3090 Bristol Street, Costa Mesa, CA 92626
Visit WebsiteWebsite
  • Refinance

Business Description

Intelliloan is a team of mortgage professionals that serves the Irvine area. They provide personalized financing options for home buyers, which may involve FHA, VA, adjustable-rate, reverse, or 15-year fixed mortgages. Additionally, they offer refinancing assistance for homeowners who need to consolidate debt, shorten their mortgage terms, or lower their loans' interest rates. The firm's loan specialists assist clients throughout the process, from selecting suitable loan programs to closing. Intelliloan has training courses and tools to help its team grow professionally.

License Verified:

License: 3290

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.5
Google
4.6 / 5 (306)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
JDR Mortgage logo
Visit WebsiteWebsite

License Verified:

License: 1020499

Nationwide Multistate Licensing System and Registry

JDR Mortgage

30025 Alicia Parkway, Laguna Niguel, CA 92677
Visit WebsiteWebsite
  • New Construction
  • Refinance

Business Description

JDR Mortgage is a full-service mortgage firm serving Irvine and the surrounding areas for more than 30 years. Its team of mortgage experts guides first-time homebuyers and refinancing homeowners through the loan process, from underwriting to appraising and closing loans. Included in its purchase loan programs are FHA, conventional, and jumbo loans while its refinancing programs include FHA streamline and cash-out, VA streamline and cash-out, conventional loan, and jumbo loan.

License Verified:

License: 1020499

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Yelp
5.0 / 5 (3)
Facebook
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
JMJ Financial - Aliso Viejo logo
Visit WebsiteWebsite

License Verified:

License: 167867

Nationwide Multistate Licensing System and Registry

JMJ Financial - Aliso Viejo

26800 Aliso Viejo Parkway, Aliso Viejo, CA 92656
Visit WebsiteWebsite
  • Refinance

Business Description

Established in 1992, JMJ Financial - Aliso Viejo is a direct lending company that offers financing services to clients in Irvine who are planning to buy, refinance, sell, or build a new home. Its team of mortgage professionals assists in every phase of the home loan process. They handle origination, underwriting, closing, and property appraisals. The team also provides convenient tools and calculators that help compute how much the borrowers can afford. The loan programs available are VA, FHA, and conventional loans.

License Verified:

License: 167867

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.5
Yelp
4.0 / 5 (41)
Google
4.0 / 5 (9)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
4.0
Responsiveness
Friendliness
Helpfulness
Detail
––
Jumbo Lending logo
Visit WebsiteWebsite

License Verified:

License: 649359

Nationwide Multistate Licensing System and Registry

Jumbo Lending

940 South Coast Drive, Costa Mesa, CA 92626
Visit WebsiteWebsite
  • Refinance

Business Description

Headquartered in Orange County, Jumbo Lending is an independent mortgage broker company serving first-time buyers and homeowners in Irvine. It is a brand owned by W&J Financial Group Inc., a California corporation that provided around $1 billion in loans for successful clients. Jumbo Lending was founded by Todd Reisenbigler in 2003. The company has loan options for FHA, VA, interest-only, and jumbo loans. Loan options include fixed-rate and adjustable-rate mortgages. Purchase and refinance services are also covered.

License Verified:

License: 649359

Nationwide Multistate Licensing System and Registry

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Kent Mortgage Corporation logo
Visit WebsiteWebsite

License Verified:

License: 264661

Nationwide Multistate Licensing System and Registry

Kent Mortgage Corporation

17310 Red Hill Avenue, Irvine, CA 92614
Visit WebsiteWebsite
  • Refinance
  • Reverse Mortgages

Business Description

Founded in 1988, Kent Mortgage Corporation is a mortgage company serving Irvine and the surrounding areas. The professionals in the company carry an average of 30 years of experience in the mortgage loan business, catering to clients purchasing or refinancing their homes. The company works with an extensive network of lenders, providing clients with loan officers to analyze their financial needs and help them understand the mortgage process and various loan programs, including jumbo, reverse, fixed-rate, FHA, and VA loans.

License Verified:

License: 264661

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Yelp
5.0 / 5 (15)
Google
5.0 / 5 (2)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Kevin Rudrud logo
Visit WebsiteWebsite

License Verified:

License: 335381

Nationwide Multistate Licensing System and Registry

Kevin Rudrud

2755 Bristol Street, Costa Mesa, CA 92626
Visit WebsiteWebsite
  • Refinance

Business Description

Kevin Rudrud is a loan advisor under LendUS® who is dedicated to assisting home buyers in Irvine. Kevin has been in the mortgage industry since 2002 and is knowledgeable about the different processes involved in purchasing or refinancing an investment property. He has worked with clients for various home financing scenarios, including families and individuals who wish to buy their first home. Kevin Rudrud is also an active contributor to the Orangewood Children's Foundation, a non-profit organization advocating for foster youth.

License Verified:

License: 335381

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.6
Yelp
5.0 / 5 (28)
Google
4.0 / 5 (20)
Facebook
5.0 / 5 (2)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Leigh McMahon logo
Visit WebsiteWebsite

License Verified:

License: 1075410

Nationwide Multistate Licensing System and Registry

Leigh McMahon

3198-F Airport Loop Drive, Costa Mesa, CA 92626
Visit WebsiteWebsite
  • Refinance

Business Description

Leigh McMahon is a loan officer with United American Mortgage. She has expert knowledge of the escrow process and a background in mortgage transactions. She also goes through continuous training to address the needs of her clients in Irvine. McMahon provides assistance with documentation and communicates with her clients through the refinancing and home mortgage loan processes. She offers different refinancing and loan programs, including adjustable-rate and reverse mortgages, as well as conventional, jumbo, and FHA loans.

License Verified:

License: 1075410

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Yelp
5.0 / 5 (47)
Facebook
5.0 / 5 (35)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Leonard Acosta logo
Visit WebsiteWebsite

License Verified:

License: 170689

Nationwide Multistate Licensing System and Registry

Leonard Acosta

377 East Coast Highway, Newport Beach, CA 92660
Visit WebsiteWebsite
  • Refinance

Business Description

Leonard Acosta assists clients in the Irvine area in their mortgage needs. He offers conventional home mortgage loans that follow the guidelines of Fannie Mae and Freddie Mac. These conventional loans have either adjustable or fixed rates. Acosta's other loan programs include USDA, FHA, VA, and jumbo loans. He also handles mortgage refinancing, which helps clients extend repayment times and increase their cash flow. Acosta has more than 20 years of experience in the mortgage and finance industry.

License Verified:

License: 170689

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Facebook
5.0 / 5 (957)
Google
5.0 / 5 (1)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Mortgage Grader logo
Visit WebsiteWebsite

License Verified:

License: 1089

Nationwide Multistate Licensing System and Registry

Mortgage Grader

23807 Aliso Creek Road, Laguna Niguel, CA 92677
Visit WebsiteWebsite
  • Refinance

Business Description

Mortgage Grader is a Laguna Niguel-based mortgage company that extends its services throughout the community of Irvine. It has been serving first-time home buyers, seasoned investors, and people recovering from foreclosure for more than 25 years. It offers purchase loan programs that include HomePath, commercial, FHA, VA, and jumbo loans. Its search engines allow clients to compare and match home loans as well as provide pricing and rates. Mortgage Grader president Jeff Lazerson shares his expertise via a weekly column he writes for the Orange County Register.

License Verified:

License: 1089

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.6
Google
4.0 / 5 (4)
Facebook
5.0 / 5 (3)
Yelp
5.0 / 5 (3)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
National Pacific Lending logo
Visit WebsiteWebsite

License Verified:

License: 240639

Nationwide Multistate Licensing System and Registry

National Pacific Lending

9891 Irvine Center Drive, Irvine, CA 92618
Visit WebsiteWebsite
  • New Construction

Business Description

National Pacific Lending is a team of mortgage brokers based in Irvine. It provides its clients financial solutions when purchasing a home or a property, refinancing current loans, or consolidating debts. Different kinds of loan programs are also offered, such as conventional, FHA 203k, FHA, VA, and jumbo loans. In addition, the firm has more than 30 years of experience in the mortgage industry. It is committed to providing streamlined loan processes, high-quality customer service, and privacy protection for its clients.

License Verified:

License: 240639

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.5
Yelp
5.0 / 5 (37)
Google
4.0 / 5 (36)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
OC Mortgage Solutions logo
Visit WebsiteWebsite

License Verified:

License: 1141339

Nationwide Multistate Licensing System and Registry

OC Mortgage Solutions

600 Anton Boulevard, Costa Mesa, CA 92626
Visit WebsiteWebsite
  • Refinance

Business Description

OC Mortgage Solutions is a mortgage brokerage firm that serves Irvine and the surrounding areas. It offers several loan programs such as FHA, VA, USDA, and jumbo loans. Loan options are also available at various rates such as fixed rate, adjustable ARM, interest only, and graduated payments. Clients looking to bring down their monthly payments, pay off their mortgage more quickly, or get some cash out of their home equity can also take advantage of refinancing options provided by the company.

License Verified:

License: 1141339

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Yelp
5.0 / 5 (114)
Google
5.0 / 5 (16)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Prominent Lending Group, Inc. logo
Visit WebsiteWebsite

License Verified:

License: 23464

Nationwide Multistate Licensing System and Registry

Prominent Lending Group, Inc.

600 Anton Boulevard, Costa Mesa, CA 92626
Visit WebsiteWebsite
  • Refinance

Business Description

Prominent Lending Group, Inc., is a mortgage broker that serves clients in Irvine. The company offers various loan options for homeowners, homebuyers, and real estate investors, including conventional loans with Fannie Mae and Freddie Mac, FHA forward and reverse loans, jumbo loans, USDA loans, and VA loans. It also offers additional loan programs, such as debt consolidation loans, credit repair, cash-out refinancing, and HELOC. Prominent Lending Group is a privately held company that has been in the mortgage industry for more than 20 years.

License Verified:

License: 23464

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Yelp
5.0 / 5 (2)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Residential First Mortgage logo
Visit WebsiteWebsite

License Verified:

License: 175153

Nationwide Multistate Licensing System and Registry

Residential First Mortgage

20151 Southwest Birch St, Ste 200, Newport Beach, CA 92660
Visit WebsiteWebsite
  • Refinance

Business Description

Residential First Mortgage is a mortgage broker servicing clients across Irvine and the surrounding areas. It facilitates the processing of purchase and refinance of conventional, FHA, VA, non-QM, and reverse mortgages, both jumbo and conforming. The company also offers refinancing services, assisting clients by lowering payments or payment terms. It also deals with investor loans and construction-to-permanent loans. The company has been in operation since 1994. Its current president Craig Calentino has been working in the mortgage industry for more than three decades

License Verified:

License: 175153

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Yelp
5.0 / 5 (9)
Facebook
5.0 / 5 (2)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Shannon Gray logo
Visit WebsiteWebsite

License Verified:

License: 337919

Nationwide Multistate Licensing System and Registry

Shannon Gray

1238 Puerta Del Sol, San Clemente, CA 92673
Visit WebsiteWebsite
  • New Construction
  • Refinance

Business Description

Shannon Gray is a licensed mortgage loan broker who works with clients and Realtors in Irvine and surrounding communities. Gray has more than 20 years of experience in assisting clients and Realtors in the complex mortgage process. He founded LifeSource Mortgage in 2006 that offers residential loan programs including fixed-rate mortgages, FHA loans, VA loans, refinancing, ARM, and reverse mortgages. Moreover, Gray had served as a loan officer for almost eight years before establishing his own company.

License Verified:

License: 337919

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Yelp
5.0 / 5 (45)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
True Path Loans logo
Visit WebsiteWebsite

License Verified:

License: 1876959

Nationwide Multistate Licensing System and Registry

True Path Loans

16470 Bake Parkway Suite 200, Irvine, CA 92618
Visit WebsiteWebsite
  • Refinance

Business Description

True Path Loans caters to clients throughout Irvine. The company assists individuals looking to acquire homes through various mortgage solutions. These include loans guaranteed or insured by the VA and FHA. It also offers jumbo loans, a way for borrowers like first-time homebuyers and real estate investors to purchase properties in high-cost communities. It deals with other clients, like homeowners seeking to refinance their mortgages. The company's owner, Adrian Placinta, is a member of Vetted VA, an organization that educates veterans on the homebuying process.

License Verified:

License: 1876959

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (90)
Facebook
5.0 / 5 (50)
Yelp
5.0 / 5 (12)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Trustlink Mortgage logo
Visit WebsiteWebsite

License Verified:

License: 1856913

Nationwide Multistate Licensing System and Registry

Trustlink Mortgage

7545 Irvine Center Drive, Irvine, CA 92618
Visit WebsiteWebsite
  • Refinance

Business Description

TrustLink Mortgage is a full-service mortgage solutions provider serving the Irvine area. The firm works with homebuyers in choosing mortgage loans akin to their needs and financial capabilities. The mortgage brokers from this company have a network of multiple lenders that can offer a variety of mortgage options, such as fixed-rate, adjustable-rate, FHA, VA, conventional, and USDA loans. They also handle jumbo, home equity, reverse, and downpayment assistance loans. The company's staff carries over 35 years of combined experience in the mortgage business.

License Verified:

License: 1856913

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
5.0
Google
5.0 / 5 (78)
Yelp
5.0 / 5 (65)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Union Choice logo
Visit WebsiteWebsite

License Verified:

License: 308153

Nationwide Multistate Licensing System and Registry

Union Choice

26800 Aliso Viejo, Aliso Viejo, CA 92656
Visit WebsiteWebsite
  • Refinance

Business Description

Union Choice is a mortgage broker providing its services to clients in Irvine. The company is headed by Don Peart who brings more than 25 years of experience in the industry. He has experience in pre-approvals, refinancing, as well as commercial loans and debt consolidation. Union Choice has a mobile app that aims to streamline the mortgage process. Clients commended the company for its efficiency in processing loans and refinancing requests.

License Verified:

License: 308153

Nationwide Multistate Licensing System and Registry

Reputation:

We scour the internet for reviews from well-known resources. Each provider is evaluated based on the quality and quantity of their reviews, their presence on multiple review sites, and their average minimum rating.
4.6
Facebook
5.0 / 5 (23)
Yelp
4.0 / 5 (19)
Google
5.0 / 5 (2)

Professionalism:

We hire mystery shoppers to call our providers anonymously and evaluate them. Providers who respond quickly, answer questions thoroughly, and communicate politely score higher.
5.0
Responsiveness
Friendliness
Helpfulness
Detail
Back to Providers

Frequently Asked Questions

Introduction

It’s the American dream to buy property, and almost everyone who purchases a home does so with the help of a mortgage broker. It can be intimidating when you don’t know where to begin, what information is necessary, and how to receive a loan. A mortgage broker acts as an intermediary between the applicant and the financial institution.


The mortgage broker’s role includes comparing loan terms across lenders to find applicants the best options, collecting paperwork the financial institution needs to analyze the application, and guiding the buyer through the underwriting and closing processes. Mortgage brokers can significantly simplify the home buying process.

Can mortgage brokers work across state lines?

Yes, mortgage brokers can work across state lines. However, each state has different licensing requirements for mortgage brokers. Customers should ensure their broker can legally work in another state before going across state lines. Lastly, don’t forget the mortgage process is often time-sensitive, so being in different time zones can be problematic.

How do mortgage brokers find lenders?

Mortgage brokers work independently and act as a bridge between the client and the lender. They reach out to several lenders to form a network and build professional relationships with those they work with often. They use lenders who best meet a client's rates and terms, and some lenders only do business through mortgage brokers.  

What credit score do mortgage brokers use?

There are two credit scoring models in the United States: FICO and VantageScore. Mortgage lenders typically prefer to use FICO. However, each credit bureau uses a different version of the FICO score:

  • Experian uses FICO Score 2
  • Equifax uses FICO Score 5
  • TransUnion uses FICO Score 4

Do mortgage brokers help with refinancing?

Yes, mortgage brokers can help with refinancing. Individuals who have a solid credit score will typically go to their bank to refinance their mortgage. However, if you don't have excellent credit, a mortgage broker may be able to secure you a better interest rate than you could get on your own.

You pay a fee to the mortgage broker, so you'll want to consider this fee versus your savings in your cost-benefit analysis.

Can you work with two mortgage brokers?

You can definitely work with two mortgage brokers. The advantage of using multiple brokers is that you'll have two people reaching out to several lenders to secure the best rate possible. However, you must ensure you provide matching information to all your brokers. If two brokers provide mismatched information about your application to the same lender, it can send off red flags and delay your approval process.

Do mortgage brokers get better deals?

Yes, a mortgage broker should be able to get you a better deal. Mortgage brokers go to several lenders on your behalf and find the one with the best terms and interest rates. However, note that some mortgage brokers have preferred lenders. A broker may bring you their preferred lender's offer, even if it's not the best one; however, this isn't a regular practice.

How do mortgage brokers get paid?

The customer or the lender pays the mortgage broker. By law, it's illegal for a mortgage broker to accept payment from both parties. Additionally, thanks to the Dodd-Frank Act, a mortgage broker cannot have hidden fees or base their commission on their customer's interest rate.

What makes mortgage brokers different from loan officers?

Loan officers are employees of a single lender. For example, if you go to a bank for a mortgage, you'll deal with their loan officer. They’re paid a set salary and receive bonuses; however, they can only offer loans from their bank.

A mortgage broker works independently or for a firm, and they’re paid by the client or lender. Mortgage brokers can approach several lenders, giving individuals many more options.

What is the difference between a commercial mortgage broker and a home loan broker?

A commercial mortgage broker deals with real estate loans for businesses. The loan for the commercial property is given to the company, not the individual. As a result, the approval process reviews the financial health of the business. In comparison, a home loan broker helps individuals gain a real estate loan for their property.

How much do mortgage brokers make?

According to Salary.com, the average salary for a mortgage broker in the U.S. ranges between $75,344 and $99,498. However, this can significantly vary depending on the state you work in, bonuses, and other factors.

How do mortgage brokers get paid?

How a mortgage broker gets paid entirely depends on who they work for. If they’re an independent contractor, all of their income comes from their clients or lenders. If the person works for a brokerage, they may be paid a combination of a base salary and bonuses from closed deals.

How much do mortgage brokers make per loan?

Mortgage brokers typically make between 1% and 2% of the total loan amount on each deal closed. The client or the lender will pay this fee. The mortgage broker does not receive their payment until the loan is approved and finalized. 

Can mortgage brokers work across state lines?

Yes, mortgage brokers can work across state lines. However, each state has different licensing requirements for its mortgage brokers. To legally close a transaction, you must be certified in the state of the transaction. Additionally, it's helpful to know the state's closing process, as this can change from state to state.

What is a surety bond for mortgage brokers?

A surety bond is a legal contract that binds three parties — the obligee, the principal, and the surety. Surety bonds are typically required to receive a license for operating as a mortgage broker. When a mortgage broker gets a surety bond, it's a legal guarantee they'll perform their obligations to their customers as required by law.

Is it difficult to pass the mortgage brokers’ test?

Upon completion of educational requirements, you must pass the mortgage broker test to receive your license. It's a two-part test called the Safe Mortgage Loan Originator Exam, and it can be a bit challenging. Out of almost 87,600 national test-takers, 57% passed on their first attempt. The test includes both a state and national portion and requires a minimum score of 75% to pass.

Do mortgage brokers need to be licensed?

Yes, all mortgage brokers need to be licensed. Individuals need to complete a 20-hour class that goes over state and federal laws for mortgages and other important information. Next, individuals take the official test with the National Mortgage Licensure System.

Read all FAQs