loanDeposit

Irvine, California, USA
Licensed States: The 50 states
Total VA loans closed in 2023 by lender: 8,352

Why does this lender serve those they serve to protect?

Supporting our nation’s heroes for all they sacrifice is built into CreditDepot’s DNA. We recognize the VA home loan as one of the most powerful tools our veterans and active duty service members have obtained and are committed to ensuring they know the benefits of this excellent product, which allows them to buy a home and build it for the long term. -term financial security.

And as such, serving the military community is a key pillar of CreditDepot’s Vision 2025 strategic plan, which focuses on supporting diverse and first-time buyers. To deepen our commitment to this community, earlier this year we appointed former Army Sergeant David Smith as vice president of national lending for the VA. He leads CreditDepot’s VA Council, a dedicated group of leaders who are veterans and veteran spouses.

Council members serve as subject matter experts and are responsible for educating CreditDepot originators, industry professionals and consumers nationwide. They answer questions and offer advice on the benefits, nuances and misconceptions surrounding VA mortgage products to increase knowledge, understanding and utilization. They also provide individual support to lendDepot originators and underwriters, who may be working with VA loans in unique circumstances.

Over the past several years, Smith has trained more than 28,000 real estate agents and consumers on the nuances and benefits of the VA’s powerful home loan program.

Why is this lender the best to support military/military borrowers?

lendDepot leads with education. VA loans are underutilized because misconceptions persist among real estate and mortgage professionals, and those who obtained them are misunderstood or unaware of them.

We want our originators, real estate agent partners, and our nation’s heroes to be educated and understand the true power of the VA loan. That’s why we train each segment every day. In addition to offering our creators a VA Masterclass, providing them with the knowledge and skills to address the unique challenges of serving our customers, the company offers free online public training. These include two other unique masterclasses for real estate professionals and consumers, aimed at raising awareness, explaining the benefits and dispelling misconceptions.

lendDepot’s VA Council is also available every day, answering questions from underwriters and originators facing complicated VA loan scenarios. This often means finding a path to homeownership for military clients whose applications may have been overly complicated and misunderstood by other lenders.

In terms of products, the company offers a broad portfolio of VA products, including programs with a minimum FICO score of 520, and was the first lender to offer a VA renovation loan, which veterans can use to renovate or retrofit their homes. to make them accessible.

lendDepot also has a proprietary tool for its originators that identifies real estate professionals in the market with strong connections to veteran clients so they can build relationships and lend their expertise to support the homeownership journey of even more deserving service members. throughout the country.

Movement mortgage

Indian Land, South Carolina
Licensed States: The 50 states
Total VA loans closed in 2023 by lender: 6,286

Why does this lender serve those they serve to protect?

At Movement Mortgage, we deeply recognize and honor the sacrifices made by military personnel and veterans. Serving those who protect our country is not just a commitment, but a mission rooted in our core values. We have more than 100 employees who are veterans, countless military spouses, children and parents of veterans. Additionally, we have a VA Advisory Board that includes veterans, veteran spouses, and dedicated advocates who closely serve the military community.

Our specialized VA loans offer favorable terms, including 100% financing with no mortgage insurance required, resulting in significant savings for borrowers. Our VA-focused loan officers are passionate about addressing the unique challenges military families face, ensuring a seamless home buying experience.

We are continually improving to better serve this community. We recently hosted our first VA Summit with over 100 attendees, where we gave away a service dog to an incredibly inspiring and deserving veteran. The summit also provided valuable education to our loan officers on how to best serve the community and included first-hand knowledge from veterans themselves.

Additionally, we actively partner with organizations like USO and The Warriors Journey to provide comprehensive support beyond loans. At Movement Mortgage, serving those who serve is more than a business; It’s about expressing our gratitude and ensuring military families receive the support and opportunities they deserve.

By focusing on the unique needs of military personnel and veterans, offering specialized products and providing dedicated support, we demonstrate our strong commitment to those who serve to protect our country.

Why is this lender the best to support military/military borrowers?

Movement Mortgage stands out as the top choice for supporting military borrowers for several compelling reasons:

Expertise: Processing more than 10,000 VA loans annually, we bring extensive experience and a deep understanding of the unique needs of military borrowers.

Efficiency: Our VA-specific loan processing is fast and efficient, helping veterans and military members eliminate red tape and move into their homes faster.

Comprehensive Support: From initial application to closing, we provide detailed resources, guides and checklists to simplify the home buying process for military personnel.

Specialized refinancing options: Our VA IRRRL and VA Cash-Out refinancing programs are specifically tailored to the needs of military borrowers and offer flexible and beneficial refinancing solutions.

Community participation: We actively partner with esteemed organizations like the USO and The Warriors Journey, enhancing our support network for service members and their families.

Flexible Eligibility: With competitive minimum FICO score requirements and high maximum loan amounts, we accommodate a wide range of military borrowers, ensuring more service members can benefit from our VA loans.

At Movement Mortgage, our dedication goes beyond providing loans. We strive to create a caring, efficient and beneficial experience for military families, underscoring our commitment to those who serve our country with honor and bravery.

Pennymac

Westlake Village, California, USA
Licensed States:The 50 states
Total VA loans closed in 2023 by lender: 58,515 units

Why does this lender serve those they serve to protect?

As one of the top two mortgage lenders in the U.S., Pennymac understands the unique sacrifices made by active duty service members, veterans, and their families. Our commitment to this community goes beyond providing mortgage loans; it’s about recognizing their service and ensuring they have the tools and support to achieve the dream of homeownership. We specialize in VA loans and offer competitive rates and flexible terms designed to meet the needs of military borrowers.

Pennymac actively partners with organizations that support veterans and their families, contributing to their overall well-being. We believe that everyone who has served deserves a place to call home and we are honored to play a role in making that happen.

Why is this lender the best to support military/military borrowers?

Pennymac’s dedication to the military community goes beyond offering VA loans. We have a dedicated veteran recruiter in our talent acquisition department and a strong SERVE BRG (Business Resource Group) leadership team that actively plans events and initiatives to engage and support military-related employees and the military community in general. Throughout the year, we host events to honor and celebrate those who have served. These include:

• Patriot Day events that honor the sacrifices made on 9/11 and highlight organizations like Honor Flight that support veterans.

• Virtual Veterans Day celebrations with a squad, pledge of allegiance and heartfelt messages of gratitude. We also partner with organizations like Operation Gratitude to raise awareness of their important work.

• Women’s History Month events that specifically highlight the unique contributions and challenges faced by women veterans.

• Memorial Day celebrations that honor the memory and sacrifices of fallen service members through shared stories and tributes.

Our commitment extends beyond our internal community. We are proud to partner with Honor Flight and sponsor employee mentors to accompany veterans on these life-changing journeys. We actively participate in their welcome home celebrations and our employees write heartfelt letters to veterans expressing gratitude and respect. Additionally, we partner with Habitat for Humanity, contributing to their mission of building homes for veterans and their families.

Through these combined efforts, Pennymac demonstrates an unwavering commitment to supporting military borrowers and the broader military community, not only through financial products, but through meaningful commitment, recognition and active contributions to their well-being.