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Homefinity Mortgage Assessment 2021 – The Easy Greenback


SCORE: 4.6

By Josephine Nesbit

Homefinity Mortgage Assessment 2021 | The Easy Greenback

SimpleScore

4.6 / 5.0

SimpleScore Homefinity Mortgage 4.6

Overview

Homefinity is a web-based mortgage lender with company headquarters in Madison, Wisconsin. Launched in 2018, the lender has grown to greater than 65 mortgage originators on employees, most of whom have greater than 15 years of expertise within the trade. It’s licensed in 48 states (not Nevada and New York) and Washington, D.C., and in 2020, closed $1.98 billion in loans. Of the advantages of working with Homefinity, the lender units itself aside with quick underwriting. “Over the past two years, our underwriting by no means exceeded 72 hours, which is tremendous spectacular,” says Jeff Groff, Homefinity senior vp of Enterprise Improvement and Strategic Planning. The typical closing takes 30 days.

Breakdown of Homefinity overview rating

  • Affordability: 14.75/15
  • Availability: 14/15
  • Borrower expertise: 10/10

Execs and cons

 Execs
  • Apply on-line, by telephone or through Homefinity Xpress app
  • Mortgage originators accessible across the clock, and debtors talk with identical particular person from begin to end
  • Actual-time prequalification or identical or subsequent day preapproval
 Cons
  • Not accessible in Nevada or New York
  • Not all mortgage originators licensed throughout all states

Good for 

In-depth steering from a devoted mortgage officer and a quick, handy course of

Repute

Homefinity’s dad or mum firm Fairway Unbiased Mortgage Company has been accredited with the Higher Enterprise Bureau since 2003 with an A+ ranking and 4.97 out of 5 stars primarily based on greater than 3,000 buyer opinions.

Refinancing with Homefinity 

You may have the choice to refinance with Homefinity, however just like making use of for a purchase order mortgage, you should present your contact data so {that a} mortgage officer can attain out and help you with the method.

Assessment methodology 

To find out a mortgage lender’s SimpleScore, The Easy Greenback’s editorial staff charges lenders on a scale of 1 to 5 stars primarily based on a wide range of elements regarding the lender’s services and products. The Easy Greenback’s companions compensate us, however our opinions are our personal, and companion relationships don’t affect our opinions. Right here is our full methodology.

Click on right here to learn all Homefinity client opinions.

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