Maverick Funding
Maverick Funding Corp. is a mortgage lender headquartered in Parsippany, New Jersey with additional branches in California, Florida, Georgia, Maryland, Pennsylvania, Rhode Island, South Carolina, and Vermont. They are licensed in 29 states.
Maverick Funding Review
In reading their website, it says they have grown in the past 6 years from having a staff of only 20 to more than 300 currently. “Maverick Funding Corp. is the Big Bank Alternative™.. Maverick Funding Corp. (Maverick) is a licensed mortgage lender that provides personal and efficient lending services to a wide variety of borrowers looking to finance primary, secondary or investment property residences.”
Note: Read Our Top Five Mortgage Complaints!
HUD data says in 2011 they had mortgage application volume of almost $1.4 billion. Most all of those applications were for refinances. They also have a wholesale lending division which provides underwriting and funding of loans originated by brokers.
They also use the names Reverse Mortgage Network, Lending Power Inc., and Reverse and Relax for some branches and states.
Maverick Funding Recent News
In a press release on 7/16/13, “Maverick Funding Corp.’s Reverse Mortgage Network lands the number nine spot in the Top 100 Retail Home Equity Conversion Mortgage (HECM) Lenders Report. Staying in the top 10 for three months in just the first six months of 2013, Maverick’s hard work pays off.
Not only is the Reverse Mortgage Network number nine on the list, but the yearly increase is significant. With 233 percent yearly change, Maverick shows just how successful its Reverse Mortgage Network really is.”
Maverick Funding Website and Phone Contacts
Website: www.maverickfunding.com
Phone: (888) 616-6866
Mortgage rates are a popular part of most mortgage companies, banks, and credit union’s websites. But just like all mortgage rates you see, it depends on your loan amount, credit score, etc. And also look for the date the mortgage rates were posted. Sometimes a company does not update their rates so you end up looking at information days or weeks old.
Maverick Funding Ratings and Complaints
“2 complaints closed with BBB in last 3 years | 1 closed in last 12 months” with an A rating is what the BBB has as of 6/13. This rating is for their headquarters location.
Note: Read Our Top Five Mortgage Reviews!
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Author: Rob K. Blake
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