Best Mortgage Brokers in Duluth

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Lend Smart Mortgage, LLC logo
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License: 4474

Nationwide Multistate Licensing System and Registry

Lend Smart Mortgage, LLC

4894 Miller Trunk Highway Suite #4, Duluth, MN 55811
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  • Refinance

Business Description

Lend Smart Mortgage, LLC, is a brokerage that offers direct lending solutions for home buyers and owners in Duluth. The company assists individuals and families in purchasing homes through conventional loans, fixed-rate mortgages, and RHS/USDA programs. Additionally, it provides refinancing options such as HARP 2.0 and FHA streamline refinance. Its team implements a simplified application process, starting from document submission and loan closing. Operations manager Phil Zastrow has been serving clients in the mortgage industry for over 20 years.

License Verified:

License: 4474

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

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
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Nate Radoush logo
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License Verified:

License: 205654

Nationwide Multistate Licensing System and Registry

Nate Radoush

4894 Miller Trunk Highway, Suite 4, Hermantown, MN 55811
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Business Description

Nate Radoush is a mortgage professional who has been in the industry for over 18 years. He serves as the manager for the Duluth branch of Lend Smart Mortgage, a retail lender established in 2006. Radoush helps clients achieve their objectives of purchasing a home through various loan options, including jumbo, conventional, USDA, VA, and FHA. He assists borrowers in obtaining loan approval and determining the program they qualify for through the company's website's mortgage calculator tools.

License Verified:

License: 205654

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
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5.0 / 5 (29)

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.
3.0
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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