pixel
Blog


Scotsman Guide releases Top Mortgage Lenders 2017 rankings

Great news!  Prosperity Home Mortgage, LLC, (Prosperity) has once again been ranked as one of the top mortgage companies in the nation, according to the Scotsman Guide, the leading resource for mortgage originators. Prosperity, a full service mortgage banker that specializes in residential and refinance loans, earned the 43rd position on the Scotsman Guide’s Top Mortgage Lenders 2017 list, as ranked by overall volume.

Prosperity was ranked among entries from hundreds of mortgage companies across the country. To be eligible for consideration in rankings, all loan volume had to be from mortgages on one- to four-unit residential properties within the United States. No commercial or international loans were included. After receiving submissions, Scotsman Guide required written verification of top entrants’ volume from a certified public accountant, the chief financial officer at the company or a similar source.

“It’s a tremendous honor for our company and our team to have been recognized by the Scotsman Guide as one of the top mortgage companies in the United States,” said Tim Wilson, president and CEO of Prosperity. “I’m exceptionally proud of our team, and I’m confident that with our continued commitment to providing personalized and focused service to each and every Prosperity customer, we’ll remain among the top lenders in the nation for years to come.”

The Top Mortgage Lenders list appears in Scotsman Guide’s June 2018 residential edition, and rankings are available online at ScotsmanGuide.com/TopLenders2017. All Scotsman Guide rankings are now searchable at ScotsmanGuide.com/Rankings/Search.

Prosperity is committed to setting the highest standard for customer service and consistently exceeding our clients’ expectations.  Whether you are a home buyer, homeowner or real estate professional, we are ready to help guide you every step of the way to help ensure your home financing process with us is a smooth one.

To find a mortgage consultant near you, please visit our Areas We Serve web page.

 

 

 

All first mortgage products are provided by Prosperity Home Mortgage, LLC. (877) 275-1762. Prosperity Home Mortgage, LLC products may not be available in all areas. Not all borrowers will qualify. Licensed by the NJ Department of Banking and Insurance.  Licensed by the Delaware State Bank Commissioner.  Also licensed in District of Columbia, Florida, Georgia, Indiana, Maryland, Michigan, North Carolina, Pennsylvania, South Carolina, Tennessee, Virginia, and West Virginia.

NMLS ID #75164 (NMLS Consumer Access at http://www.nmlsconsumeraccess.org/)

©2016 Prosperity Home Mortgage, LLC. All Rights Reserved.


While a myriad of expenses go into buying and owning a home, the biggest expense for most is the mortgage payment. Here are five great tips from Bankrate for reducing mortgage costs—both before and after you purchase a home.

  1. First, get pre-approved for your mortgage, not just pre-qualified. Preapproval involves the lender doing their due diligence by pulling your credit report, verifying your income and taking other steps to determine your maximum loan amount. For a preapproval, the lender also commits to making the loan if you buy the home within a set amount of time. The lender doesn’t review your information for a prequalification and, therefore, there’s no guarantee the loan will be approved.
  2. If you’re looking to buy a newly built home, ask about builder incentives, such as discounted upgrades or reduced closing costs when you use an affiliated lender. According to Bankrate, instead of cutting the price of a new home, the homebuilder will sometimes offer thousands of dollars in discounts as an incentive to use the builder’s preferred lender and settlement company.
  3. Use the Loan Estimate, a three-page document you get after you apply for a mortgage, to compare loan offers. Specific information you should look for includes: estimated monthly payment; interest rate; estimated closing costs; how much you’ll need at closing.
  4. Pay discount points to buy down the rate if you have cash available and want to lower your monthly payments. In exchange for more money upfront, lenders are often willing to reduce the interest rate, thereby reducing your monthly mortgage payment. According to Bankrate, a payment of 1 percent of the loan amount is called 1 point—and will usually decrease the mortgage rate by a quarter of a percentage point.
  5. Negotiate fees to reduce closing costs. While some fees are charged by third parties, such as title companies, some lenders may be willing to negotiate their origination fees. Applying with competing lenders will give you some negotiating power, as well as the ability to do some comparison shopping with third-party fees. Be sure to shop around on home inspections and home insurance, too.

Questions? Contact a mortgage consultant near you!

 

 

 

Reprinted with permission from RISMedia. ©2018. All rights reserved.

Source: Bankrate.com

All first mortgage products are provided by Prosperity Home Mortgage, LLC. (877) 275-1762. Prosperity Home Mo­­­rtgage, LLC products may not be available in all areas. Not all borrowers will qualify. Licensed by the NJ Department of Banking and Insurance.  Licensed by the Delaware State Bank Commissioner.  Also licensed in District of Columbia, Florida, Georgia, Indiana, Maryland, Michigan, North Carolina, Pennsylvania, South Carolina, Tennessee, Virginia, and West Virginia.
NMLS ID #75164 (NMLS Consumer Access at http://www.nmlsconsumeraccess.org/)
©2018 Prosperity Home Mortgage, LLC. All Rights Reserved.


You’re probably well aware of how important your credit score is. A good score grants you access to loans and favorable interest rates, and opens up many different possibilities for a healthy financial future.

But do you know how your credit score is determined? Be aware of the factors used in credit-scoring models so you can work towards achieving a higher credit score. Here are some of the top factors, according to Credit Karma:

On-Time Payment Percentage
This is the percentage of payments you’ve made on time during your credit history. This plays a big role in determining your creditworthiness, so just a couple of late payments could significantly impact your score for the worse. An easy way to avoid late payments? Set up automatic bill pay or create calendar reminders for bill due dates.

Credit Card Utilization
This is a percentage that is calculated by taking the total of your credit card balances and dividing that number by your total credit card limits. This will show creditors how much of your total available credit you are already using. The lower your credit card utilization, the higher your credit score.  

Average Age of Open Credit Lines
The longer your credit history and the older your accounts the better. That’s why it’s a good idea to keep older cards open and active, and to start applying for credit at a young age.

Total Accounts
Consumers with more accounts (or more lines of credit) often have higher credit scores because it indicates that more lenders are willing to give them credit. Having a good mix of different types of credit is good for overall credit health as well. But be prudent: Only apply for credit you actually need.

Hard Inquiries
When you apply for a credit card, mortgage or auto loan, a hard credit inquiry is initiated on your credit report. One hard inquiry will usually have little impact, but multiple inquiries can have a larger impact. A soft inquiry is when you check your rate to see what you qualify for. If you’re unsure, check with your potential creditor or lender before applying to see if they will do a hard or soft pull.

Derogatory Marks
Derogatory marks are negative items on your credit report like collections, tax liens or bankruptcy. These records can stay on your credit report for 7 to 10 years. If you have one on your credit report, it can show a lender that you may have mismanaged your credit in the past. The best way to overcome derogatory marks is to start rebuilding healthy credit again. This will gradually weigh in your favor.

Questions? Contact your local mortgage consultant.

 

 

 

Reprinted with permission from RISMedia. ©2018. All rights reserved.

All first mortgage products are provided by Prosperity Home Mortgage, LLC. (877) 275-1762. Prosperity Home Mo­­­rtgage, LLC products may not be available in all areas. Not all borrowers will qualify. Licensed by the NJ Department of Banking and Insurance.  Licensed by the Delaware State Bank Commissioner.  Also licensed in District of Columbia, Florida, Georgia, Indiana, Maryland, Michigan, North Carolina, Pennsylvania, South Carolina, Tennessee, Virginia, and West Virginia.
NMLS ID #75164 (NMLS Consumer Access at http://www.nmlsconsumeraccess.org/)
©2018 Prosperity Home Mortgage, LLC. All Rights Reserved.


Prosperity Home Mortgage Named Among America’s Top 100 Mortgage Companies

Prosperity Home Mortgage, LLC, (Prosperity) has once again been ranked as one of the best mortgage companies in the nation by Mortgage Executive Magazine.1 The publication spotlights the country’s leading lenders in its annual list of Top 100 Mortgage Companies in America 2017, and Prosperity has earned a position in the top 50 for the fourth year in a row.

“We are thrilled that Mortgage Executive Magazine named Prosperity as one of the leading mortgage companies in the country, and thank our exceptional team of professionals for enabling the company to achieve such an honor,” said Tim Wilson, CEO of Prosperity Home Mortgage. “Rankings such as this one demonstrate the extraordinary service and commitment that our mortgage consultants provide to each of their clients. Their continuous dedication to providing personalized, focused service to every Prosperity customer is why we remain among the top lenders in the nation.”

Randy Krout, president of national sales at Prosperity, echoed Wilson’s thoughts. “It’s an honor to be ranked among the top mortgage companies in the country once again, and this award shows the wealth of knowledge, integrity and professionalism that our mortgage team brings to each transaction they do.” Krout said.

About Prosperity Home Mortgage, LLC

Prosperity Home Mortgage, LLC, is a full service mortgage banker that specializes in residential and refinance loans. It offers a wide range of mortgage products, including fixed and adjustable rate mortgages, jumbo loans, Federal Housing Administration (FHA) and Veterans Affairs (VA) loans, and renovation financing. Prosperity Home Mortgage is represented by more than 190 mortgage consultants. Prosperity Home Mortgage funded over 10,700 home loans with a loan volume of over $3 billion in 2017.  Prosperity currently operates in 12 states and Washington, D.C.

 

 

 

1. Ranking published in Mortgage Executive Magazine, Summer 2018 Edition.
All first mortgage products are provided by Prosperity Home Mortgage, LLC. (877) 275-1762. Prosperity Home Mortgage, LLC products may not be available in all areas. Not all borrowers will qualify. Licensed by the NJ Department of Banking and Insurance. Licensed by the Delaware State Bank Commissioner. Also licensed in District of Columbia, Florida, Georgia, Indiana, Maryland, Michigan, North Carolina, Pennsylvania, South Carolina, Tennessee, Virginia, and West Virginia.
NMLS ID #75164 (NMLS Consumer Access at http://www.nmlsconsumeraccess.org/)
©2018 Prosperity Home Mortgage, LLC. All Rights Reserved.


Prosperity Home Mortgage Ranked Among Top Mortgage Lenders in D.C. Area

We are delighted to share that Prosperity Home Mortgage, LLC (Prosperity) has been recognized by the Washington Business Journal as one of the top home mortgage lenders in the Washington, D.C., metro area. Prosperity earned 7th place on the publication’s annual list, which ranks companies within the region by their 2017 metro-area lending volume.

“It’s an incredible honor for our team at Prosperity to earn a position on the Washington Business Journal’s list of the top mortgage lenders,” said Tim Wilson, president and CEO of Prosperity. “I congratulate each member of our Prosperity team on their achievement and thank them for their support of the many homebuyers who work with our family of companies.” 

Randy Krout, president of national sales at Prosperity, shared Wilson’s excitement for the award. “Each member of our team works diligently to support the homebuyers who choose Prosperity as their lending partner, and we’re thrilled to have been recognized by the Washington Business Journal as one of the top lenders in the D.C. area,” said Krout. “The honor highlights our team’s wealth of knowledge, integrity and professionalism in supporting Prosperity’s mission, and it demonstrates our ability to deliver best-in-class service, exceptional support and competitive rates.”

Prosperity offers a wide range of mortgage products, including fixed and adjustable rate mortgages, and is represented by more than 190 mortgage consultants in offices across 13 states and Washington, D.C.  Click here to find a local mortgage consultant near you.

 

 

 

All first mortgage products are provided by Prosperity Home Mortgage, LLC. (877) 275-1762. Prosperity Home Mo­­­rtgage, LLC products may not be available in all areas. Not all borrowers will qualify. Licensed by the NJ Department of Banking and Insurance.  Licensed by the Delaware State Bank Commissioner.  Also licensed in District of Columbia, Florida, Georgia, Indiana, Maryland, Michigan, North Carolina, Pennsylvania, South Carolina, Tennessee, Virginia, and West Virginia.
NMLS ID #75164 (NMLS Consumer Access at http://www.nmlsconsumeraccess.org/)
©2018 Prosperity Home Mortgage, LLC. All Rights Reserved.


Showing results 1 - 5 of 60

leadback