Sindeo Reviews - What Is It?
WARNING: DO NOT BUY Sindeo Until You Read This Review!
Is it a Scam? Does It Really Work?
Shopping for a mortgage can be a difficult and confusing process. You can contact banks; get in touch with a broker; or send your personal information into the abyss by signing up for a mortgage comparison website. Sindeo is a company that gives you an opportunity to choose from more than forty lenders and 1,000+ loan programs, save about $20K over the process of your mortgage and close in just 15 days. The company claims to use technology to decrease paperwork and confusion, while reducing the risk of hidden costs. They'll also provide you with an experienced, licensed, and full-service mortgage advisor, who will clear up all the details to you. So, you will be able to understand which loan is best for you and whether you can afford it. The company promises to provide you with a meaningfully different experience.
Sindeo is not a direct lender. They only collect your application and submit it to one of their lenders, depending on your preferences and needs. They mainly on providing you with information, tools, and guidance to help you get the right mortgage. The process involves a team of three professionals. Mortgage Advisor (Plan) is the first specialist you will speak with. This person will stay with you in contact throughout the whole process. You will need to inform this specialist about your finances, home ownership goals, etc. This will help you to find the most suitable loan. Mortgage Specialist (Qualify) will start working with you after your application is received. They will walk you through any necessary paperwork or additional information to ensure the process proceeds efficiently and smoothly. Mortgage Coordinator (Close) manages appraisals, credit reports, and other third-party documents during the application process. They intend to expedite closing.
Customer Reviews - Does Sindeo Really Work?
Sindeo was co-founded by Ori Zohar and Nick Stamos. Nick graduated with a degree from MIT and worked as a strategic consultant for eight years. As a result, he created the mobile analytics firm Telephia that was acquired by Nielsen, which allowed Nick to solve a big problem with Sindeo that means "to connect" from Greek. Ori graduated from the University of Maryland, College Park. Afterwards he was involved in the development of marketing strategies for big ad agencies, and worked with people from ExxonMobil, MasterCard, and Intel. Today, there is a lot of press attention around Sindeo, as well as from such popular websites as Bloomberg, the New York Times, TIME, The Huffington Post, and many others. The company has become an important part of a quickly developing market segment to provide fast loans without any hassle. In addition to the three major specialists you will work with, Sindeo has created internal technology to process your loan faster and with fewer mistakes. The company is available in such states as TX, AZ, CO, CA, DC, MI, FL, NJ, TN, OR, and WA. They are working on expanding into new states too.
It is easy to find customer reviews of the company online. For examples, such websites as LendingTree.com and Yelp offer in-depth customer feedback where Sindeo has a mostly positive reputation. The compliments referenced knowledgeable advisors, wonderful service, fast loan process and ease of doing business. At the same time, these websites contain some complaints that reference poor communication, high rates, inattentive advisors, and long closing times. From a company perspective, the company had an A+ Better Business Bureau rating at the time of our research. There were no closed complaints. Separate customers emphasize how pleased they were with their experts. For instance, one man is grateful for excellent service from Annie Au-Yeung who took care of his two mortgage loans. Both of them closed earlier than expected. Annie was in contact with the man almost every day and took care of extra paper works and details required to get the loans approved. The expert even picked up some documents from his house to start the process. most customers of the company liked the customer service from beginning to end and are ready to recommend working with this firm. Let's take a look at the actual testimonials from some of satisfied customers.
"Let me tell you, Sindeo is the best! I was worried about buying a house. I was turned onto this company because my friend told me they were like the Expedia of loans. I decided to give it a try and I am glad I did. I received a large loan and paid no closing costs. My family is literally in our dream home at a reasonable interest rate. These guys are real professionals. They answer emails and calls quickly and demonstrate high professionalism."
"Sindeo provided us with good refinance of my home mortgage. The personnel were courteous and helpful. They worked hard to refinance our loan. They gave me an opportunity to refinance our loan at a lower rate and get cash back for the equity of our home. They provide perfect personal service. I am impressed by their professionalism and I do recommend them to others. Thank you very much!"
"I had amazing experience with sindeo and the expert named Charity Frazee who accompanied us through the whole process. She is experienced, caring, responsive, and truly professional. We had a lot of questions at first but she consulted us with patience. Besides, she was always available on the phone to help us. Even though it was our first mortgage loan, it was very successful. Thank you for a smooth process of our mortgage loan!"
My Final Summary
Sindeo is part of a developing segment of the mortgage field that applies proprietary technology to offer upfront and accurate rates without hidden fees; provides fast application process, and helps to save money in the form of lower interest rates. This is not actually a lending company, it just provides you with many different options, including non-traditional financing. What is different about Sindeo is that it provides a technology-focused approach, personal support and faster loan process. this company doesn't charge additional fees, unlike many lenders and brokers. There is no origination fee. Of course, the company passes along standard industry fees for credit reports and appraisals. But these fees are clearly listed in the Loan Estimate and on your Closing Disclosure.
In this way, Sindeo is a "mortgage marketplace" cooperating with many different lenders for you to choose from based on your needs and preferences. You will be provided with an expert who will explain which lenders are more suitable for you. This is mainly an online mortgage broker who focuses on a client-centered approach. This will allow you to get a quote much faster, and to have a more enjoyable experience when compared to traditional brokers. Finally, the company is associated with positive customer feedback, which means that people are satisfied with their services. Taking into account all pros and cons, I do recommend Sindeo.
Sindeo Pricing and Rates
According to the official website of the company, they get income by receiving a commission for forming your loan application. This commission can be up to 1.25% of the loan amount. It might be less based on the loan program or lender. You are promised to save up to $20K. For detail you can call the customer service at 866-733-7571.