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HomeMortgageLeaderOne Monetary Evaluate: A 100% Worker Owned Lender That Strives to Present...

LeaderOne Monetary Evaluate: A 100% Worker Owned Lender That Strives to Present World Class Service


Right now we’ll try LeaderOne Monetary, a 100% employee-owned mortgage lender based mostly in Overland Park, Kansas.

Regardless of being based within the early Nineteen Nineties, they delight themselves on being each inexperienced and paperless, aka digital.

However additionally they keep on with their Midwestern values, which implies respecting their clients, conserving their phrase, and treating folks pretty.

Their aim wasn’t to be the largest mortgage lender on the market, however one recognized for its “ethics and stellar customer support.”

Based mostly on their shut to twenty,000 optimistic buyer evaluations, they seem like assembly that aim. Learn on to study extra concerning the firm.

LeaderOne Monetary Quick Details

  • Retail, direct-to-consumer mortgage lender
  • Based in 1992, headquartered in Overland Park, KS
  • Greater than 70 branches and 500 staff nationwide
  • Funded greater than $4 billion in residence loans final 12 months
  • Most lively in states of Missouri and Washington
  • Presently licensed to do enterprise in 46 states and D.C.
  • Additionally function a wholesale channel for mortgage brokers

LeaderOne Monetary Corp. is a retail, direct-to-consumer mortgage lender that provides residence buy financing and mortgage refinances.

They’ve been round since 1992, which is a fairly very long time for a mortgage lender. Or any firm for that matter.

Regardless of their “previous age,” they embrace the newest applied sciences to make the mortgage course of as quick and straightforward as doable.

The Overland Park, KS-based firm additionally has greater than 70 branches and 500 staff nationwide.

So there’s a good likelihood you can work with a person in particular person if that’s your choice.

Presently, they’re licensed in 46 states and the District of Columbia. They don’t function in Alaska, Delaware, Hawaii, or New York.

Final 12 months, they funded a wholesome $4.05 billion in residence loans throughout the nation, with a 55/45 break up of residence buy loans and mortgage refinances.

Curiously, they produced the best quantity within the state of Washington, much more than their quasi-home state of Missouri.

The corporate additionally does a superb quantity of enterprise within the states of Texas, Illinois, Minnesota, Arizona, and even New Hampshire.

Since inception, they’ve lent greater than $12 billion to over 23,000 households nationwide.

Find out how to Apply with LeaderOne Monetary

To get began, you possibly can go to an area department or just head over to their web site.

There’s a web based listing that lists all of their branches and mortgage originators so you’ll find somebody to work with close by.

Alternatively, you possibly can simply dive into the mortgage software by clicking on “Apply” from the primary menu.

Their digital mortgage software is powered by SimpleNexus, one of many predominant gamers within the business.

You can even obtain their free smartphone app when you want to work through your cellular gadget.

Both method, you’ll be capable to calculate funds, get pre-qualified, scan and add paperwork, and observe mortgage progress.

You can even eSign disclosures and shutting paperwork and join along with your lending workforce every time you could have questions.

As soon as your mortgage is submitted, you possibly can go to the borrower portal at any time to fulfill excellent circumstances or examine standing.

Mortgage Applications Provided by LeaderOne Monetary

  • Dwelling buy loans
  • Refinance loans: fee and time period, money out, streamline
  • Dwelling renovation loans
  • Conforming loans backed by Fannie/Freddie
  • Jumbo loans as much as $3 million mortgage quantities
  • FHA loans
  • USDA loans
  • VA loans
  • Reverse mortgages
  • Fastened-rate and adjustable-rate choices accessible

LeaderOne Monetary has a wide selection of residence mortgage applications to select from, whether or not you’re shopping for a house or refinancing an present mortgage.

You will get a conforming mortgage backed by Fannie Mae or Freddie Mac, or a jumbo mortgage with a mortgage quantity as much as $3 million.

In addition they have the complete suite of presidency lending merchandise, together with FHA, USDA, and VA loans.

And so they provide renovation merchandise such because the FHA 203k mortgage, together with reverse mortgages for seniors.

Each fixed-rate and adjustable-rate mortgage choices can be found, together with 5/1 and 7/1 ARMs.

So there’s a superb likelihood you’ll discover what you’re in search of, it doesn’t matter what it’s you’re after.

LeaderOne Monetary Mortgage Charges

Like quite a lot of different mortgage firms, LeaderOne Monetary doesn’t submit their mortgage charges on-line.

Whereas it may well useful to rapidly see pattern rates of interest to get an concept of pricing, they’re in actual fact simply samples.

When it comes right down to it, you’ll must get an actual mortgage fee quote to your specific state of affairs from whichever firm or particular person you select to work with.

So whereas it’s good see charges on-line immediately, you need to nonetheless at all times get on the telephone and talk about charges and charges with a human.

Anyway, it’s unclear how aggressive they’re relative to different banks and lenders as a result of we’ve acquired nothing to go on.

And so they don’t have a listing of lender charges posted both. Remember to inquire in the event that they cost charges for underwriting, processing, or mortgage origination.

LeaderOne Monetary Critiques

At Expertise.com, LeaderOne Monetary has a wonderful 4.91-star ranking from over 16,250 buyer evaluations.

You can even filter by worker to see particular person ranking from their 100+ mortgage officers.

On Zillow, they’ve a good higher 4.94-star ranking from over 550 buyer evaluations, together with a 4.9-star ranking on WalletHub from about 1,000 evaluations.

And so they even have a 5.0-star ranking on Google from over 500 evaluations.

The one blemish in the intervening time is their C+ ranking on the Higher Enterprise Bureau (BBB) web site.

The explanation for the common ranking was as a consequence of a failure to reply to one criticism filed towards the enterprise.

So hopefully it was a one-off challenge and never an indication of larger issues.

In closing, LeaderOne Monetary appears to be making the overwhelming majority of their clients actually completely satisfied.

They provide a wide array of mortgage applications, use the newest expertise, and have bodily branches in lots of states.

The one actual query mark is their pricing, as they don’t publicize mortgage charges or lender charges on their web site.

But when pricing is spot on, they seem to supply wonderful service, which might make them a strong selection among the many many mortgage firms on the market.

LeaderOne Monetary Professionals and Cons

The Good Stuff

  • Can apply for a house mortgage on-line and not using a human
  • Even have 70 bodily branches nationwide
  • Digital mortgage software powered by SimpleNexus
  • Plenty of mortgage applications to select from together with reverse mortgages
  • Wonderful buyer evaluations throughout a number of rankings web sites
  • Free smartphone app

The Perhaps Not

  • Aren’t licensed in Alaska, Delaware, Hawaii, or New York
  • Don’t show mortgage charges or lender charges on their web site

(photograph: Rvs1966)

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