Mortgage Refinance Companies In the USA
Ever since 2009, the mortgage market in the USA has been reviving at a rapid pace; and although the economic recession, the collapse of the real estate business, and the fall of house prices, destroyed some of the largest mortgage refinance companies in the USA, a handful of them were able to overcome it all. These mortgage refinance companies have seen it all, the storm and the calm, and are confident that they can stand no matter what. Thanks to the excellent mortgage refinancing deals these companies offer, with low rates of interest and other perks, the number of people attempting to save their homes with mortgage refinancing is on the rise.
Here are some of the mortgage refinance companies of the US that have exhibited excellent performance in the mortgage loan and mortgage refinancing market.
Bank of America
Bank of American helped the US economy recover by giving away as much as $144 billion of credit to small and large business as well as consumers during the first quarter of the fiscal year 2011.
Ranked as the number 1 online bank, according to the Second Quarter 2011 Keynote Banker Scorecard, which takes into consideration over 300 best practice criteria before giving its ranking, the Bank of America is one of the top mortgage providers in the US, having already originated loans more than $100 billion.
Wells Fargo
Wells Fargo and Co. is a multinational American provider of financial services. The financial institution is regarded as the second largest bank in America with regard to home mortgage services, deposits, and debit cards. Forbes says that Wells Fargo is the world’s eleventh largest financial company.
Wells Fargo was the only US bank to be awarded the triple A in 2007, although one A was removed during the economic recession that hit the country in 2007 – 10.
Wells Fargo has 6,335 branches, 70 million customers, and 280,000 employees and operates ATMs and stores under the brand names Wachovia and Wells Fargo.
Citigroup Inc
Citigroup Inc., commonly known as Citi, is another multinational financial services company based in New York, USA. It was born when the giant bank Citicorp merged with Travelers Group in 1998.
With over 16,000 branches all over the world, Citigroup Inc has a presence in 140 countries and serves 200 million customers. Although it suffered intensely during the economic crisis of 2008, it was quick to recover with the help of the federal government.
Today, Citigroup is one of America’s Big Four, the others being JP Morgan Chase, Bank of America, and Wells Fargo.
Quicken Loans Inc.
Based in Detroit, Quicken Loans is one of the largest providers of mortgage refinance deals. It is the America’s fifth largest mortgage lender and can be accessed online at QuickenLoans.com. The company exists under the brand names Rock Financial based in Michigan, Title Source, and One Reverse Mortgage in California.
Quicken Loans has given away around $29 billion in home mortgage loans so far and features in the list of Fortune’s 30 Best Places to Work in America.