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It closed on about 79% of these loans and denied about 7% of the applications. Our experts have been helping you master your money for over four decades. We continually strive to provide consumers with the expert advice and tools needed to succeed throughout life’s financial journey. We call them and the person on the phone is absolutely incompetent. To this day the issue hasn’t been resolved and their representatives seem to have no clue about literally anything.
If you’re looking for low- or no-down-payment loan options, however, Homepoint Financial may work. But its initial service isn’t user-friendly, branch locations are limited and customer reviews are mixed, with many customers complaining of errors with taxes, insurance and escrow accounts. Home Point Financial is a legitimate mortgage lender that’s been in business since 2015. In 2021 it closed on nearly 57,000 home purchase loans, according to federal data. The company states it has over 425,000 customers at the time of publishing. Bankrate’s editorial team writes on behalf of YOU – the reader.
Browse Home Point Financial Reviews by Job Title →
Employees also rated Homepoint 3.1 out of 5 for work life balance, 2.8 for culture and values and 2.6 for career opportunities. By focusing on people above everything else, we are continuously finding ways to simplify the mortgage process and make homeownership easier. Our modern payment functionality and anytime access to your online account make it seamless to get what you need, when you need it. Check out our Learning Center for tools and resources on how to simplify homeownership.
I’ve inquired about pay but it’s gotten nowhere. This site is not authorized by the New York State Department of Financial Services. No mortgage solicitation activity or loan applications for properties located in the State of New York can be facilitated through this site. We use him as much as we possibly can because he's so knowledgeable, responsive, and really seems to care about keeping our business.
Reviews
Because each borrower uses a different loan officer, your own experience with the process will depend on the person assigned to your case. Getting in touch with a loan officer shouldn’t be this difficult, and you may want to shop around to find a lender that’s a bit more user-friendly. A few options that come to mind are Rocket Mortgage, Better and Guaranteed Rate. To find out if you meet the requirements for a Home Point Financial mortgage, call the company to speak with a loan officer. It’s also possible to get a mortgage above 80% loan-to-value without mortgage insurance. Smaller banks and credit unions may also resell Home Point loan products via the correspondent lending channel.
I understand that flood risks change over time, but find it hard to believe it has changed that drastically in 4 years. I’m unable to view past FEMA maps, but the 2022 map shows my house just butted up next to the zone, but not actually in it. Homepoint tells me they don’t make the flood maps.
Homepoint consumer reviews
If you choose to click on the links on our site, we may receive compensation. If you don't click the links on our site or use the phone numbers listed on our site we will not be compensated. Update your browser to have a more positive job search experience. According to our data, the lowest paying job at Home Point Financial is a Lock Desk Analyst at $38,000 annually. Browse Home Point Financial Salaries by Job Profile.
For more information on other loan types, see our guide on jumbo loans. Suzanne De Vita is the mortgage editor for Bankrate, focusing on mortgage and real estate topics for homebuyers, homeowners, investors and renters. The WalletHub rating is comprised of reviews from both WalletHub users and ratings on other reputable websites. At Home Point, Customer First is our “true north.” Consideration for the customer is built into every action we take.
Point Break Financial Pros and Cons
Home Point Financial is the worst mortgage corp we have ever dealt with. They also don't tell you that on your statements. They have tons of tricks and fine print to make it difficult to pay on time and easy for them to fine you a late fee. I make ontime payments in full to revery institution.
Multiple attempts were made to contact them by myself and the title company to no avail. I still have never been called back after leaving several messages with them. They had my sales info for 2 weeks and then requested further info from the title company which was not normally required info regarding the sale of a home. The info was provided and days later, still nothing. My sale was a cash deal, should’ve been done quite rapidly but was stalled on numerous occasions with no explanation or care on points behalf for the customer or the title company. This is not a great company and you will be sorry if you use them.
The company has excellent customer reviews on Zillow, with 4.91 out of 5 stars based on roughly 2,200 reviews. As such, you’ll need to collect multiple quotes from other lenders to see how they stack up both mortgage rate- and pricing-wise. Additionally, they do not make mention of lender fees, another important factor to consider when mortgage rate shopping.
Partners may influence their position on our website, including the order in which they appear on a Top 10 list. Partners may influence their position on our website, including the order in which they appear on the page. Many or all of the companies featured here provide compensation to us. This is how we maintain our free service for consumers. Compensation, along with hours of in-depth editorial research, determines where & how companies appear below. 100% of employees would recommend working at Home Point Financial with the overall rating of 4.0 out of 5.
While good reviews outnumber bad reviews on this lender, there is a pattern of negative reviewers complaining about the same communication issues. So, what do we know about Point Break Financial? They’re a debt consolidation service that is operated by Point Break Holdings LLC. There’s no mention of who the CEO is or any other key personnel on the website. This could be cause for concern if you’re thinking about using their services.
I love working with Homepoint as a mortgage broker. They are professional, knowledgeable and available when I need them for an issue. They are a great Clutch lender for me and they get the loans done for my clients. We sometimes offer premium or additional placements on our website and in our marketing materials to our advertising partners.
Since 2011, she’s written hundreds of thoughtful, informative articles to help consumers make better decisions on their home loans, credit cards, insurance policies and more. Kat is also well-versed in working with leading brands in the real estate, mortgage and personal finance industries, including Amex, Citibank, GE Money and RealEstate.com.au, among others. She holds a BS in Business Administration and Marketing from California State University and enjoys travel and hiking in her spare time. Homepoint’s online functionalities are primarily reserved for the brokers it’s partnered with, so you won’t apply for a mortgage with this lender directly through its website.
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