Review of U.S. Mortgage Companies

Holding Lenders to a Higher Standard

About Us

The Lender Review Board couples the resources of both Federal and State Regulatory agencies with our own comprehensive review of each U.S. lender in order to take the guesswork out of choosing a responsible mortgage company.

In an effort to curb excessive costs and poor service, we go beyond what is required of each company by RESPA (Real Estate Settlement Procedures Act) by actively monitoring each office's rates and fees, as well as incorporate public service records in order to get a more accurate assessment of their business practices.

We feel that consumers have the most influence in enforcing a higher standard for the industry through education and awareness. Companies that continue to breach their responsibilities by putting their own interests first will get the message in a more direct way than legislation currently allows.

Please Note: Our comprehensive evaluations are specific to the individual offices of each company. Our assesment of a particular office has no bearing on our evaluation of any other office within the same organization.

We do not currently publish individual company evaluations for multiple reasons that directly relate to the thoroughness of our review process, including, but not limited to:

- If the mortgagee or any officer, partner, director, principal, or employee of the mortgagee is subject to unresolved findings through any governmental audit, investigation, or review.

- Under indictment for, or have ever been convicted of, business practices that do not conform to accepted mortgagee guidelines or that demonstrate predatory lending.

- A particular office's volume of loans aren't sufficient enough to get an accurate assessment of their activity.

- Companies may be temporarily suspended from activity in cases where further investigation is required.

- If we feel that the financial fortitude a particular company may be in question regarding their current and future ability to finance their loan portfolio.

Our evaluations are ongoing and we reserve the right to revoke any company's involvement in our 'Quick Connect' program. Individual offices are notified on a case by case basis.

If you have any questions or need further assistance, please don't hesitate to contact us. And again, thank you for your continued support.

   


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