E-Loan

Full review
I was getting close to closing on my first real estate investment property and was given a last minute payoff statement from one of the mortgage holders which had a significant amount of unexpected debt. Since this was a foreclosure I had a deadline to close or I would loose thousands. I was about to panic so a called a conventional popular mortgage lender to apply for a loan. After hanging up and still panicking, I called E-Loan and applied on the phone. Before I even hanged up the phone the wanted a credit card number to order the appraisal. I was shocked and was not prepared to do that after only talking to them for ten minutes. But I did it any way. Bottom line is that they was prepared to wire the funds for closing only four days later. They were so fast that my title company wasn't even ready to close because they were surprised at how fast E-Loan responded. The first lender was still trying to get in touch with me and E-LOAN was underwriting the loan. Not to mention I was in touch with one person throughout the whole process and every step of the process was posted on their website including all documents. The efficient use of technology coupled with outstanding service resulted in unprecedented speed in processing my loan.