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

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


At the moment we’ll take a look at LeaderOne Monetary, a 100% employee-owned mortgage lender primarily based in Overland Park, Kansas.

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

However in addition they stick with their Midwestern values, which suggests respecting their prospects, maintaining their phrase, and treating folks pretty.

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

Primarily based on their shut to twenty,000 constructive buyer evaluations, they seem like assembly that aim. Learn on to be taught extra in regards to 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 house 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 gives house buy financing and mortgage refinances.

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

Regardless of their “previous age,” they embrace the most recent applied sciences to make the mortgage course of as quick and simple as potential.

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

So there’s a good likelihood you would 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 house loans throughout the nation, with a 55/45 cut up of house 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 great 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.

How you can Apply with LeaderOne Monetary

To get began, you’ll be able to 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 will discover somebody to work with close by.

Alternatively, you’ll be able to simply dive into the mortgage utility by clicking on “Apply” from the principle menu.

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

You may as well obtain their free smartphone app for those who choose to work through your cellular system.

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

You may as well eSign disclosures and shutting paperwork and join along with your lending workforce each time you’ve questions.

As soon as your mortgage is submitted, you’ll be able to go to the borrower portal at any time to fulfill excellent situations or verify standing.

Mortgage Applications Supplied by LeaderOne Monetary

  • Residence buy loans
  • Refinance loans: fee and time period, money out, streamline
  • Residence 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 obtainable

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

You may 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 total suite of presidency lending merchandise, together with FHA, USDA, and VA loans.

They usually supply 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 great likelihood you’ll discover what you’re on the lookout for, it doesn’t matter what it’s you’re after.

LeaderOne Monetary Mortgage Charges

Like numerous different mortgage corporations, LeaderOne Monetary doesn’t publish their mortgage charges on-line.

Whereas it could useful to rapidly see pattern rates of interest to get an thought of pricing, they’re in truth simply samples.

When it comes all the way down to it, you’ll must get an actual mortgage fee quote on 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, it’s best to nonetheless at all times get on the telephone and talk about charges and costs with a human.

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

They usually don’t have a listing of lender charges posted both. You should definitely 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 may as well 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.

They usually even have a 5.0-star ranking on Google from over 500 evaluations.

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

The explanation for the common ranking was as a result of a failure to reply to one criticism filed in opposition to 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 prospects actually comfortable.

They provide a big selection of mortgage packages, use the most recent know-how, 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 may make them a stable selection among the many many mortgage corporations on the market.

LeaderOne Monetary Professionals and Cons

The Good Stuff

  • Can apply for a house mortgage on-line with out a human
  • Even have 70 bodily branches nationwide
  • Digital mortgage utility powered by SimpleNexus
  • Numerous mortgage packages 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

(picture: Rvs1966)

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