Q:

What are some high-rated mortgage lenders?

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Quick Answer

Top-rated mortgage lenders of 2015 include Nationstar Mortgage, with over 4,700 reviews and a rating of four out of five stars, and AmeriSave Mortgage, an online mortgage lender with a five-star rating and over 1,600 reviews, according to Consumer Affairs. Rounding out the top seven lenders are Prospect Mortgage, Jersey Mortgage Company, Bank of America, Green Tree and Chase. However, Bank of America, Green Tree and Chase receive less than favorable reviews.

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What are some high-rated mortgage lenders?
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Full Answer

Other top mortgage lenders of 2015 include Lending Tree, which received the title of Gold Award Winner from Top Ten Reviews. CitiMortgage, Quicken Loans, Wells Fargo and Network Capital round out the top five lenders, notes Top Ten Reviews. However, while Lending Tree receives top marks in customer service, experience and value, this company acts as a matchmaker between customers and lenders, pairing customer needs with a lender that can meet them.

Tips for finding a reliable local lender include asking a real estate agent, notes Bankrate. While it is illegal for agents to make profit referrals to clients, they often have a few lenders that they trust to get the job done, offer fair services and close the contract on time. Those purchasing new-build homes should be cautious about choosing the lender suggested by the builder without researching other options.

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