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Best Mortgage Brokers in El Paso

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211 West Yandell, El Paso, TX 79902
El Paso, TX 79902
  • Refinance

Cadence Lending Group is a home financing company that attends to the mortgage needs of El Paso residents. The firm assists homebuyers and real estate investors in securing a home loan that fits their needs and requirements. Its independent mortgage brokers represent multiple lenders that can offer a variety of loan options, such as fixed-rate loans, adjustable-rate mortgages, FHA, VA, and USDA home loans. The team also provides jumbo loans, interest-only mortgages, and graduate payment home loans. The company's staff is fluent in English and Spanish.

211 West Yandell, El Paso, TX 79902
El Paso, TX 79902

Website(877) 401-1995

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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.

Online Profiles:

2 (Better)

Average Review Score:

4 / 5 ( Best)

Total Reviews:

42 (Best)

Score Consistency:

Consistent (Best)

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

Responsiveness: A+

Friendliness: A+

Helpfulness: A+

Detail: A+

Frequently Asked Questions:

Q: Do mortgage brokers need to be licensed?
A: 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.
Q: Is it difficult to pass the mortgage brokers’ test?
A: 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.
Q: What is a surety bond for mortgage brokers?
A: 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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