Best Mortgage Brokers in Las Cruces

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David VanScoyk logo
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License: 1046049

Nationwide Multistate Licensing System and Registry

David VanScoyk

576 N. Telshor Blvd., Las Cruces, NM 88011
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  • Refinance
  • New Construction

Business Description

For over nine years, David VanScoyk has been working with clients across the Las Cruces area. He explains the differences between government-guaranteed loans and credit union-backed mortgage programs. He offers the Home Equity Conversion Mortgage, a program that allows senior homeowners to convert their equity into cash. VanScoyk also assists first-time homebuyers through loans from the New Mexico Mortgage Finance Authority. He has also spent more than two decades as an accounting professor at Eastern Arizona College.

License Verified:

License: 1046049

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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Jeremy Phillips logo
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License Verified:

License: 226738

Nationwide Multistate Licensing System and Registry

Jeremy Phillips

3780 Foothills Rd Ste C1, Las Cruces, NM 88011
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  • Refinance

Business Description

Jeremy Philips is a mortgage professional who serves the real estate needs of individuals and families in and around Las Cruces. As a part of Residential Mortgage Inc., he helps clients achieve their dream homeownership by providing them with an array of mortgage products. He assists first-time homebuyers, veterans, and military service members in processing FHA, VA, and USDA loan programs. Philips also provides down payment assistance, where he helps borrowers access local and state housing programs.

License Verified:

License: 226738

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
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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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