PHH Mortgage offers nationwide service through their website and phone consultations. They offer basic information and tools on their website. PHH Mortgage has what looks to be an easy to use web interface for loan applications free pre-approvals, which is helpful for home purchasers. They offer a variety of mortgage products, including conforming loans, jumbo, FHA, and VA. It isn’t clear if they offer Home Equity Loans or Home Equity Lines of Credit. For those purchasing a home, PHH promises (but see the fine print), “As part of our competitive service guarantee, we'll close your loan by the agreed upon closing date – or we’ll pay you $500.
Quicken Loans Review: Quicken Loans is the largest non-bank mortgage lender in the USA. They are the second largest mortgage lender overall. Quicken Loans is primarily a call center based mortgage loan originator with limited retail presence.
Quicken Loans's dedication to serving their clients' needs is demonstrated by being named #1 in the nation for client satisfaction in mortgage origination by J. D. Power for the eighth consecutive year. They have also been named the top mortgage servicer by J.D.Power for the last four years.
Quicken Loans is based out of Detroit, Michigan and offers a full range of mortgage products, such as a 30-year fixed, 15-year fixed, 5/1 ARM, VA loans, FHA loans, Jumbo Loans, and more. Quicken Loans is owned by the owner of the Cleveland Cavaliers!!
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US Bank Home Mortgage is a leading provider of home purchase, refinance and home equity mortgage loans. With various tools, calculators, and FAQ, the US Bank Home Mortgage website provides valuable information for consumers looking to get a mortgage. They offer online services, including a pre-approval process. While they cover many areas, their loan officers are not located nationwide. In addition to the standard products, US Bank Home Mortgage offers construction loans, investment mortgages, and low down payment purchase products.
Washington Mutual, known as WaMu, was one of the largest banks in the United States, before it was placed into receivership by the US Government. WaMu's mortgage division was also one of the biggest around. JP Morgan Chase bought the holdings of WaMu, including Washington Mutual Mortgage.
Before its demise, Washington Mutual was the sixth largest bank in the US, with assets of over $300 Billion. Washington Mutual's mortgage losses in the sub-prime market played a large part in the collapse of the company.
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