March 10, 2010 4:06 AM at Loanlane in Menlo Park, CA
Company
Loanlane Residential Mortgage is a mortgage brokerage located at 697 Menlo Avenue in the town of Menlo Park, which is in the San Francisco Bay Area and bordered by the cities of Atherton, Redwood City, and Palo Alto. Mark Leaver is the principal and licensed broker at Loanlane, and has been operating Loanlane for more than 20 years.
Loanlane's client list spans the entire State of California. If requested, we can put you in touch with a past client for reference(s). We are committed to privacy with respect to our company, clients, and business contacts.
Frequently asked questions are answered here. Or, you may contact us via email to discuss your inquiry. You may also contact us via telephone, but you may find email is better as it serves as a record of the conversation.
Due to the internet and the ease of doing business (securely) on the on the internet, I do not often meet with clients. In the past 20 years of doing business and well over 100 million dollars of loans funded, I have met only a handful of mortgage applicants. You will have constant access to me via email, not quite as much access via telephone, and very little access in person.
As all of the loan file exhibits need to be in a digital format, we no longer accept paper based applications. Your loan file and the attachments must be delivered to us in a digital format, such as a PDF. Or, you may fax us your file and attachments, and our fax software will convert your fax into a PDF file. Previous clients will be aware of this process, but new clients need to give careful consideration to our loan file requirements.
Please note we take in only a limited number of loan applications. We will accept a loan application only if it has a very high likelihood of closing. It is extremely rare that one our loan files does not close.
Loan Process, Your Consumer Protection, and How to Request More Information
Please be aware:
All loan forms and attachments must be in a digital (PDF, JPEG, MS-WORD) format.
We do not request any fees upfront.
If any fee is paid in advance of your loan funding, that fee is paid directly to the service provider (usually the appraiser).
We will never request your social security number upfront, for any reason.
If you start an application with us, you are under no obligation to continue.
If you discontinue an application for any reason, there is no penalty of any sort. However, you may have lost your appraisal fee if an appraisal was completed.
Your final loan costs will not exceed the costs as estimated on your initial Good Faith Estimate, except within a tight tolerance. If your loan file requires a change of circumstance which results in a higher cost outside of tolerance (i.e., you select a different loan program), your loan file cannot proceed until you receive an updated Good Faith Estimate.
You will be given the opportunity to lock your rate, assuming your loan can close in a timely manner.
You will have a single point of contact for your loan status, and as always we represent your interests as opposed to the bank's interest.
Loanlane prefers email for client communication. We have chosen this method for two reasons:
Speed
Email is often the fastest way to get through, because it is accessed at all hours (including after hours and weekends). We respond to 100% of our client inquiries (!) and on average, can respond within 60 minutes during business hours. We will telephone you in urgent or time-sensitive situations, or in cases in which email cannot adequately address an issue.
We receive numerous emails from homeowners asking for counsel with respect to credit problems and/or mortgage financial planning. Please direct these questions to your fee-based financial advisor.
Accountability
We archive email in order to maintain a clear record of communication between us and you. This reduces the chance of a misunderstanding of intent.
As odd as this may sound, if you use the form below, an actual human will respond to you, quickly! Not a canned response, but an actual email. We can communicate with you via telephone, fax, or email. At this time we do not do text/sms.
After your contact form has been sent, you'll see a confirmation in the space below, as well as our email address.
Equal Housing
Lender. Copyright 2009 Mark Leaver. All rights reserved.
Terms
and Conditions of Use.
Read our
privacy statement. CA Department of Real Estate,
real estate broker, license 01006840. Rates appearing on the Loanlane web site are subject to change and are intended for California owner occupied single family residences only. First position liens only. The information contained herein is believed to be reliable.
However, we do not make any representations as to its accuracy or completeness.
Any statements nonfactual in nature constitute only current opinions, which
are subject to change. Mortgage rates are subject to change without notice. Mortgage rates posted on this web site apply to applicants with a minimum FICO score of 720 or a loan-to-value ratio less than 60%, and require documented income to comply with underwriting requirements. Stock quotes, if displayed, are delayed 20 minutes. Stock quote data and market index information is provided for information purposes only, and is not intended for trading purposes. Loanlane is not liable for any errors or delays in the content, or for any actions taken in reliance thereon.
