What are the best mortgage lenders in the Bay Area? - Quora
- Wells Fargo - According to dollar amount and number of mortgages closed, they do 1 out of every 5 mortgages in the Bay Area which is the most of any lender. They have a team of over 300 underwriters in their portfolio team (most loans in the Bay Area will fall into this bucket due to higher loan sizes) and they are competitive with pricing.
- First Republic - Highest level of service you will receive due to their focus on affluent clients. They can do loans that don't fit the box and don't follow traditional underwriting guidelines since they focus on the entire relationship.
- Citibank - Very competitive with pricing; especially with their Jumbo product (>$625.5k loan amount).
- Union Bank - Flexible with underwriting; especially their ARM products. This is the destination of choice for mortgage brokers since they are one of the few lenders out there that will approve loans with less than 7 years out of bankruptcy/foreclosure/short sale.
- Bank of America - Very competitive with pricing. Customer service and image has been hurt by slower underwriting turn-times and employee turn-over but don't count them out. Many top producers are still there who can still deliver a timely loan closing and great customer service.
Read full article from What are the best mortgage lenders in the Bay Area? - Quora
No comments:
Post a Comment