A mortgage firm out of Southern California has been designated as the best by customers who shopped online for a residential loan.
Among home lenders that bid for prospective borrowers who are shopping online, HomePlus Mortgage is considered to be the best.
On its website, the San Diego-based
mortgage firm promises 21-day closings, the lowest interest rates and the lowest mortgage fees.
The fourth-quarter rankings were assembled by LendingTree
based on a weighted-average of review ratings and volume of customer reviews on home lenders in its network.
The review ratings factor in interest rates, fees and closing costs, customer service and responsiveness.
HomePlus, which was also the top lender in the third quarter, earned a 4.8 score out of a possible 5.0 based on 610 reviews.
No. 2 on the list was Howard Bank, which also scored a 4.8 — though with just 319 reviews. Howard Bank wasn’t even among the top-10 lenders in the previous quarter.
Next up was
Pulaski Bank Home Lending with a 4.6 score on 499 reviews. Pulaski rated slightly less than the first two lenders when it came to fees and closing costs.
Pulaski slipped from the No. 2 position in the third quarter.
After that was AmeriSave Mortgage Corp., which
scored a 4.5 with 788 reviews. The lender fell modestly short on fees and closing costs, customer service and responsiveness.
Although AmeriSave didn’t make the top 10 in the prior quarter, it did in the fourth-quarter 2014.
No. 5 in the latest ranking was Triumph Lending.
It had the highest score, 5, but only had 175 reviews.
Triumph fell from No. 3 in the previous quarter.
Filling out the top 10 in the fourth-quarter 2015 were North American Savings Bank, Americash, First Direct Lending LLC, National Bank of Kansas City and Insight Loans.
