Rating Methodologies for Mortgage Products

Buying a home is one of life’s biggest financial decisions. Understanding which lender is right for you is a difficult task. Our transparent and thorough review process will help you make a simple financial decision. SimpleMoneyLyfe’soverall ratings for mortgage lenders and providers are evaluated across eight major factors. This criterion ensures the integrity and accuracy of our mortgage reviews.

SimpleMoneyLyfe Mortgage Lender Review Methodology
You’re Our Priority. Every Time.

The Review Process: Deep, Deep Analysis

SimpleMoneyLyfe currently reviews over 40 mortgage lenders, including traditional and online mortgage loan providers. We carefully review and select reputable, trustworthy lenders and have your best interest in mind. We also review lenders that specifically service minorities.

Collecting Information and Data

Our team of mortgage product analysts, writers, and editors rely on publicly available data, the Home Mortgage Disclosure Act (HDMA), expert interviews, and rigorous product testing to collect accurate information and current rates.

From origination fees to closing costs to rates and loan terms, we collect information to help consumers make a clear, simple financial decision. We arm and empower our readers with tailored insight and data.

Around the Clock Updates

Once we hit publish, we don’t stop there. SimpleMoneyLyfe maintains contact with the mortgage lenders we review through the year. We constantly update our information to ensure it is relevant, accurate, and up to date.

We make careful updates when mortgage rates change, fees are adjusted, or when new features/products are introduced.

Mortgage Product Review Team

The Mortgage Editorial Team comprises mortgage industry veterans, real estate aficionados, product analysts, editors, and professional writers. Our team adheres to strict editorial guidelines and has been featured in many trustworthy media outlets, such as CNBC, Business Insider, and Readers Digest.