There are a lot of mortgage lenders in this country. As many of you know, I believe most of them aren’t very good from the perspective of most just want to make money and don’t have you the borrower top of mind. In this Celebrity Home Loans review, I will provide details as to why I don’t view Celebrity the same as lenders. I actually like them.
Celebrity Home Loans History & Advantages Of Working With Them
Celebrity was started in 2006 and has since provided more than $20 billion in home loans.
One of the cool things about them that is different is they are employee owned. This is a big deal because most employees at big lenders are just “paper pushers.”
Since they have no stake in the company they don’t care. They just want a paycheck.
Since Celebrity is employee owned company, almost everyone you work with has a vested interest in you having a good experience.
These results are highly evident. They have a 4.9 rating on Experience.com. Most of the time I do not put a lot of stake into reviews from sites such as Experience. However, that rating comes from close to 20,000 people leaving reviews! Therefore, I take notice.
They also have an array of mortgage options including FHA loans, conventional loans, VA loans, and professional home loans.
Disadvantages Of Working With Celebrity Home Loans: Confusion
Working with Celebrity Home Loans can be confusing two ways.
Disadvantage #1
Celebrity has good technology in regards to their application. The problem is finding it.
When you go to their website and click apply, you can’t actually apply. The reason being is the first question asks which loan officer you are working with.
Most lenders don’t do this. You just click and go through the application then it assigns you to a loan officer at the end.
With Celebrity you have to navigate to their Directory, then select a loan officer, then it takes you to the application. If you don’t click around on the site, you would never have known this.
Disadvantage #2
Most of Celebrities business doesn’t come from consumers working directly with them. Instead it comes from various brands.
Therefore, consumers get really confused with who they are working with.
For example, you might be a client of North West Lending. However, they aren’t the actual lender. Celebrity is.
Therefore, when you are working with one of their partners, you can get really confused on who is who.
This confusion reduces simplicity and I like simplicity a lot!
Conclusion
This review was short and simple. Just like how your mortgage experience should be.
At the end of the day, its all about the consumer and how easy your experience is. In this review of Celebrity Home Loans, I highlighted the advantages and disadvantages of working with them.
To sum it up, as long as you are working with a loan officer prior to beginning the application process or know the loan officer from one of the groups that work with them, you should have a good experience.
Overall, I still like Movement Mortgage and Neo Home Loans better but Celebrity is still a good choice to go with.
