Q:

What are some popular online mortgage lenders?

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Quick Answer

Popular online mortgage lenders include Quicken Loans and Amerisave Mortgage Corporation, according to ConsumerAffairs. Started in 1985 and based in Detroit, Michigan, Quicken Loans was the second-biggest U.S. mortgage lender in 2015. Amerisave Mortgage Corporation maintains its headquarters in Atlanta, Georgia.

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What are some popular online mortgage lenders?
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Full Answer

Quicken Loans provides an all-inclusive mortgage platform optimized for faster loan processes, reports HSH.com. The company closes loans significantly faster than the average traditional mortgage lender. Between 2009 and 2012, Quicken Loans achieved the highest possible score for customer service, according to J.D Power and Associates' industry survey. This lender utilizes its own appraisal and title firms, ensuring the entire loan procedure is handled in-house.

Quicken Loans has benefited from a wide-ranging marketing campaign, says HSH.com. The company cultivates a reputation as an enjoyable place to work. Though online mortgage lenders do offer fast service and competitive rates, not all realtors relish working with online-only lenders.

One of the larger mortgage lenders, Amerisave Mortgage Corporation services borrowers in 49 U.S. states and in Washington D.C., says Amerisave Mortgage Corporation. The company services loans subsidized by the USDA and VA. As of 2015, the company is led by President Ed Abufaris. Abufaris joined Amerisave Mortgage Corporation in 2011 and formerly spent 18 years working for CitiMortgage.

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