Best Mortgage Brokers in Livermore

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Livermore Mortgage Corporation logo
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License Verified:

License: 841321

Nationwide Multistate Licensing System and Registry

Livermore Mortgage Corporation

1841 4th St., Ste. D, Livermore, CA 94550
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  • Multi-Family Loans

Business Description

Livermore Mortgage Corporation works with people across the metro. It assists homebuyers and real estate investors throughout the mortgage application process and provides a range of loan options to help them acquire properties, from fixed-rate programs to adjustable-rate mortgages. It also guides clients seeking to qualify for USDA-backed loans. For homeowners aiming to lower their interest rates or monthly payments, the company helps them with the refinancing process. Its owner, Adam Stephens, previously served as an area sales manager for American Financial Network.

License Verified:

License: 841321

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
Facebook
4.8 / 5 (18)
Yelp
4.5 / 5 (8)

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
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Detail
Paramount Residential Mortgage Group, Inc. Livermore logo
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License Verified:

License: 1774348

Nationwide Multistate Licensing System and Registry

Paramount Residential Mortgage Group, Inc. Livermore

167 S P Street Units B & C, Livermore, CA 94550
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  • New Construction

Business Description

Paramount Residential Mortgage Group, Inc. Livermore (PRMG) serves home purchasers in the metro who need a variety of loan options. These choices include products backed by government entities and fit for combat veterans and farmers. Conventional and jumbo mortgages are also available. PRMG runs its own non-profit foundation, PRMG Cares, which donates to charities across the country. The company started as a business of three and has since grown to employ more than a thousand-fold team members.

License Verified:

License: 1774348

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.
4.9

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
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Frequently Asked Questions

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.

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.

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.

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