Best Mortgage Brokers in Champaign

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Molitor Financial Group logo
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License: 1846654

Nationwide Multistate Licensing System and Registry

Molitor Financial Group

2309 Village Green Place, Suite B, Champaign, IL 61822
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  • Refinance

Business Description

Molitor Financial Group is a locally owned and operated boutique lending firm that serves individuals and families in Champaign and the surrounding areas. It provides various conventional, FHA, VA, and USDA loans. It also offers jumbo loans for clients looking to purchase luxury properties or homes in high-cost areas. Its home mortgage process includes pre-approval, underwriting, appraisal, and final approval. Molitor Financial Group has helped close more than 10,000 loans since its inception in 2005.

License Verified:

License: 1846654

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 (113)
Google
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
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Thomas Roth logo
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License Verified:

License: 528125

Nationwide Multistate Licensing System and Registry

Thomas Roth

2009 Fox Dr #A, Champaign, IL 61820
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  • Refinance
  • New Construction

Business Description

Thomas Roth is a mortgage broker for PrimeLending who serves clients in and around Champaign. He helps first-time buyers obtain the loan program that matches their unique needs, whether VA, jumbo, USDA, fixed-rate, or adjustable-rate loan. He also provides mortgage refinancing services for homeowners who wish to reduce their interest rates, withdraw cash from their home's equity, or modify their loan terms. One customer commended Roth for guiding her through the entire loan process and for responding to all of her inquiries.

License Verified:

License: 528125

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
Facebook
5.0 / 5 (8)
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
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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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