TOP ALTERNATIVE LENDERS
(Tie) Equitable Bank, Hosper Mortgage
(Tie) CWB Optimum Mortgage, HomeEquity Bank
(Three-way tie) Haventree Bank, ICICI
Transparency of commission structure was once again lenders’ top-performing category, and RMG Mortgages and MERIX/Lendwise retained their gold- and silver-medal positions among A lenders with average scores of 4.80 and 4.65, respectively. Close behind was First National with an average score of 4.63. Among the alternative lenders, there was a tie in all three medal levels, proving that lenders of all stripes are doing an excellent job on the commission side. In fact, brokers had little criticism of their lenders’ commission structures, other than the typical note that commissions could always be higher.
When asked to single out the best-performing lenders in the industry, several brokers highlighted First National, saying they’re impressed by the lender’s fast and efficient service, great rates, and quick turnaround times. On the alternative lending side, one broker heaped praise on HomeEquity Bank: “Processing time is quick and easy, they have simple closing steps for the client, they always give a quick response to any concerns or questions, and they have a high level of understanding for clients and brokers. BDM support is the best.”