windham mortgage review 2022 in english

At KShare, we strive to help you make better financial decisions. While we adhere to strict editorial integrity, this post may contain references to the products of our partners. Here is an explanation for how we make money.

Wyndham Capital's is a fintech mortgage lender that uses online technology to serve its customers and loan officers. However, unlike many other lenders that use online technology, Wyndham Capital underwrites, closes and funds all its loans internally.[2] Process loans through an encrypted secured loan portal with e-signature technology. It is paperless which helps in streamlining the loan process.

windham mortgage review 2022

Wyndham Capital is one of only 11 LendingTree certified lenders nationwide. It is the only lender on LendingTree's network to have 100% certified professional mortgage advisors.

The company has licensed commercial mortgage advisors in Alabama, Arizona, California, Colorado, Connecticut, Washington DC, Florida, Georgia, Kansas, Illinois, Indiana, Maine, Maryland, Michigan, Minnesota, New Hampshire, New Jersey, North Carolina, Ohio Huh. Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Texas, Virginia, Washington and West Virginia.

Wyndham Capital Mortgage overview

Wyndham Capital Mortgage is a digital lender based in Charlotte, North Carolina. The lender was established in 2001 and provides mortgage financing in most states and the District of Columbia. It has secured more than $22.7 billion in mortgages and provided services for more than 76,000 borrowers. Specifically, Wyndham Capital Mortgage offers a limited guarantee (with certain conditions) of $10,000 to ensure that the loan is closed on time, and does not incur any lender fees or hidden costs. For borrowers with a history of making their mortgage payments but are unable to qualify for a mortgage or refinance, Wyndham Capital Mortgage also offers flexible underwriting. According to the lender, the average closing time is just shy of 40 days, with one-fourth of the closings taking less than 20 days.

Pros and cons windham mortgage

Pros

Automatic pre-approval and on-demand pre-approval letter
E-closing experience for faster turnaround
Live follow-up system that connects borrowers with loan officers to discuss their application

Cons

Can’t apply for financing in person
No brick-and-mortar branches

loan type

There are several loan types of windham mortgage.

Traditional
monster
FHA
VA
USDA
fixed rate
adjustable rate
Streamlining rate-and-term, cash-out and refinancing
home equity loan
non-QM
investment property

Minimum borrower requirements

To qualify borrowers, Wyndham Capital Mortgage says it typically focuses on four areas: income and debt (such as credit cards, auto loans and student loans); Property; credit score and credit record; and the loan-to-value ratio (LTV).

Online services for windham mortgage

Borrowers can apply for home loans online with Wyndham Capital Mortgage, and the lender can generate a pre-approval letter on the spot for a specific property. Its website has mortgage and refinance calculators and other resources, and the lender supports e-closing. If you want to take advantage of the lender's closing guarantee, note that you will need to sign up for the lender's debt management portal and complete the required steps within five business days.