Anyone have experience in Online Mortgage Vendors?

[ScAndal]

Can you guys give me your feedback on your experiences with Online Lendors such as Amerisave (http://www.amerisave.com) or EverBank (http://www.everbank.com)?

Thank you,

ScAndal

 

[KK]

Didn't Drpizza use one and got screwed

 

[ragazzo]

no, but be certain to check out bankdrate.com

 

[Vic]

Online mortgage lenders typically have upfront non-refundable application fees and poor customer service. You only want to apply with one if you know for a fact that your own cookie-cutter deal is a slam-dunk approval, and even then you're looking at 3-4 months with no communication until they call you in to sign the papers.

It's the biggest investment of your life. Expertise and high quality customer service are IMO worth paying a little bit extra for. Have a friend/realtor/financial planner/CPA/etc. refer you to a high quality loan officer to serve your needs.