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Updated 5 months ago on . Most recent reply

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64
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Dan Bosak
  • Philadelphia, PA
34
Votes |
64
Posts

Good, Bad, Ugly online mortgage brokers advice on: Blue Gate, Easy Street, Bombora

Dan Bosak
  • Philadelphia, PA
Posted

I typically use regional banks to fund my deals but my 2 go-to banks have either slowed or fully stopped investment loans so recently I've connected with several online brokers but all came from ads or they reached out to me vs personal recommendations and intros so I have concerns.  The 4 I've talked to are: Blue Gate Capital, Easy Street, Bombora, and Mortgage Calculator Company. 

I saw some old negative posts on BP about Blue Gate but nothing within last 2 years and I didn't find info on the others. 

Has anyone worked with any of these companies and have any feedback or recommendations for others I should talk to? 

Everything I'm looking to refi or buy at the moment is in NJ if that affects your suggestions.

Thanks, Dan

Most Popular Reply

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4,061
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1,259
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Erik Estrada
#4 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
1,259
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4,061
Posts
Erik Estrada
#4 Private Lending & Conventional Mortgage Advice Contributor
  • Lender
Replied

I have worked with Easy Street Capital and they are a very straightforward lender which is a huge benefit. I have worked with many lenders that will give you the run around, ask for more items, with no clear cut guidelines. 

If you have a a deal that is pretty straight forward, Easy Street is a good option. 

The rest of the lenders you listed I have never heard of. Do they have an NMLS license number? Have they recently closed anything? Are they active on social media?

Have you tried using the Scottsman Guide? 

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