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When you call, you may have to press a few options to reach a customer representative as the main phone menu lacks new customer options. The online digital mortgage application is powered by fintech company Blend, like many other lenders out there. So you’ll be able to link financial accounts and upload key documents along the way. Finally, Point Break Financial does have some negative reviews online from people who claim that the company is a scam. However, it’s important to remember that there are always going to be some people who are unhappy with any service and that doesn’t necessarily mean that the company is a scam. 40% of Homepoint employees would recommend working there to a friend based on Glassdoor reviews.
I agree that I have not received compensation for my comment and that my opinions reflect my authentic experience as a customer or former customer. "I choose not to write a review for this company. Please take in consideration, this was not the best experience." This was an easy process and all though the process there was great team members helping us whenever we needed it. Point was great from start to finish of the process.
Home Point Financial 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.
Good atmosphere and management seems to actually care about employees. What’s the best way to have a lack of compensation and incentive conversation in your department? I went above and beyond for years doing extra work, organizations etc and nothing has been reflected in pay. I thought my 5 year was going to finally show something but it did not.
Customer Reviews
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.
Company just looking to make back the money lost when we refinanced for a lower interest. My loan got transferred to this appalling company without my full knowledge. It's taking forever to make them understand that I shouldn't be penalized for this. Nobody seems to care or want to understand this situation - Management and their team are careless about their customers. I m wondering about what the CEO Wilie Newman has to say about this..
Rates
We will be forced to get the purchase lender provider insurance because we don’t qualify for NFIP. We will be required to insure the entire price of the loan. We were told the insurance will be added to our escrow and with taxes can be up to $800 a month, essentially doubling our mortgage payment. No one has been helpful and the one rep I’m in contact with via email actually sent me the wrong copy of our loan contract.
Calls were returned on a timely basis to provide clarity for the questions that I had. If you’re considering doing business with Point Break Financial, we strongly recommend you reconsider. There are plenty of other companies out there that can provide you with the financial assistance you’re looking for without all of the negative baggage. In this article, we’ll take a look at Point Break Financial and see if it’s a scam or if it’s legit. We’ll also discuss the pros and cons of using their services so that you can make an informed decision about whether or not to work with them. Aside from VA loans, all Home Point’s programs require a credit score of at least 620.
Easy to qualify if you don't owe much on your home. But with Point, in 15 years I retain almost a half million dollars in equity. Fast forward to now and I just got my rejection letter and the other deals are just 10 year terms (you have to sell your home if you don't have the cash). And as the market continues down, I actually owe Point less than I borrowed.
So it’s impossible to know how competitive they are without first receiving a quote and then comparing it to other mortgage lenders. Sadly, the company does not advertise its mortgage rates online or elsewhere to my knowledge. Cash register POS software for bars and small shops. Selling operations are based on the old cash registers to maintain users skills. Completely designed to be integrated with Wepos Windows, supports POS .NET / OPOS devices and more...
The lender’s website does feature some resources for borrowers, however, including mortgage, amortization and affordability calculators and a glossary of key terms. The lender also offers the ability to e-sign documents. Once you close your loan with Homepoint, you can use the Homepoint app to manage your mortgage payments and explore refinancing options. Bankrate.com is an independent, advertising-supported publisher and comparison service. We are compensated in exchange for placement of sponsored products and, services, or by you clicking on certain links posted on our site. Therefore, this compensation may impact how, where and in what order products appear within listing categories.
Yeah, I needed the money but I'm also resourceful. I'm actually making money every day the market falls.Thank you Point for making this the best choice. My experience with Point Digital Finance was stressless! My account representative Elyana is awesome and did whatever she could to push my loan through as quickly as she could.
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.
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