Accurate Mortgage Group

About Lender

Accurate Mortgage Group was founded in 2013 by Christian Kasper and Derek Beaty, two experienced mortgage professionals who saw an opportunity to create a better mortgage lending experience for borrowers in the state of Tennessee.

The company started with just a handful of employees and a focus on providing personalized service and innovative technology to help streamline the mortgage process. Over the years, the company has grown significantly, expanding its product offerings and opening additional branches throughout the state.

In 2019, Accurate Mortgage Group was acquired by Home Point Financial, one of the top 25 mortgage lenders in the United States. The acquisition allowed Accurate Mortgage Group to expand its reach and access to resources, while still maintaining its commitment to personalized service and technology.

Today, Accurate Mortgage Group has over 200 employees and operates multiple branches throughout Tennessee, as well as in Florida, Georgia, and Kentucky. The company has funded over $2 billion in loans since its founding and has received numerous awards and recognition for its commitment to excellence in mortgage lending and customer service.

Key Features

Some of the key features of Accurate Mortgage Group include:

1. Wide range of mortgage products. Accurate Mortgage Group offers a variety of mortgage products, including conventional loans, FHA loans, VA loans, USDA loans, jumbo loans, and more. This allows borrowers to choose the mortgage product that best fits their needs and budget.
2. Proprietary loan origination system. Accurate Mortgage Group has developed its own loan origination system, called the Loan Butler, which allows borrowers to apply for a mortgage online and track the status of their loan in real-time. This helps streamline the mortgage process and makes it more convenient for borrowers.
3. Commitment to technology. Accurate Mortgage Group places a strong emphasis on technology and innovation, using tools like digital document submission, e-signature capabilities, and a mobile app to make the mortgage process as efficient and convenient as possible.
4. Focus on customer service. Accurate Mortgage Group is committed to providing exceptional customer service to each and every borrower. The company has received numerous awards and recognition for its dedication to customer satisfaction, and its team of licensed mortgage professionals works closely with borrowers to help them navigate the mortgage process and find the best mortgage product for their needs.
5. Fast turnaround times. Accurate Mortgage Group strives to provide fast turnaround times on loan applications and to close loans quickly. The company's use of technology and focus on efficiency helps ensure that borrowers can get their mortgages funded as quickly as possible.

Pros and Cons

Pros

1. Wide range of mortgage products. Accurate Mortgage Group offers a variety of mortgage products, allowing borrowers to find the best fit for their needs.
2. Innovative technology. The company has developed its own loan origination system, the Loan Butler, which streamlines the mortgage process and makes it more convenient for borrowers.
3. Excellent customer service. Accurate Mortgage Group has received numerous awards for its commitment to customer satisfaction and its team of licensed mortgage professionals works closely with borrowers to guide them through the mortgage process.
4. Fast turnaround times. The company strives to provide fast turnaround times on loan applications and to close loans quickly.
5. Accessible mobile app. The company offers a mobile app that allows borrowers to view their loan status and communicate with their loan officer at any time.

Cons

1. Limited geographic reach. While the company has expanded to other states, it primarily serves borrowers in Tennessee and may not be the best option for those outside the region.
2. No physical branches in all locations. While the company has multiple branches in Tennessee, it may not have a physical presence in all locations, which could make in-person support more difficult.
3. Lack of online reviews. While the company has received positive recognition and awards for its customer service, it has relatively few online reviews, which may make it harder for borrowers to evaluate the company.

Products

Accurate Mortgage Group offers a variety of mortgage products to meet the needs of different borrowers. These include:

1. Conventional loans. These are traditional fixed-rate and adjustable-rate mortgage (ARM) loans that conform to the guidelines set by Fannie Mae and Freddie Mac. Conventional loans are ideal for borrowers with good credit and a stable income.
2. FHA loans. These are government-insured loans that allow borrowers to qualify for a mortgage with a lower down payment and credit score. FHA loans are ideal for first-time homebuyers and those with less-than-perfect credit.
3. VA loans. These are government-backed loans for eligible veterans, active-duty service members, and their spouses. VA loans offer competitive interest rates and require no down payment.
4. USDA loans. These are government-backed loans that are designed to help borrowers in rural areas purchase a home. USDA loans offer low interest rates and no down payment requirement.
5. Jumbo loans. These are non-conforming loans that exceed the loan limits set by Fannie Mae and Freddie Mac. Jumbo loans are ideal for borrowers who need to borrow more than the maximum loan limit.
6. Construction loans. These are loans that are used to finance the construction of a new home. Construction loans can be used for both building a custom home or renovating an existing property.

Reliability

Accurate Mortgage Group has a reputation for being a reliable and trustworthy mortgage lender. The company has been in business for over 20 years and has received numerous awards and recognition for its commitment to customer service and satisfaction. Accurate Mortgage Group is also a member of the National Mortgage Licensing System (NMLS), which regulates mortgage companies and ensures that they comply with state and federal regulations.

In addition, Accurate Mortgage Group has a team of licensed mortgage professionals who are knowledgeable and experienced in the mortgage industry. The company is committed to providing exceptional customer service and works closely with borrowers to ensure that they understand the mortgage process and find the best mortgage product for their needs.

Overall, Accurate Mortgage Group is a reputable and reliable mortgage lender that has a strong track record of helping borrowers achieve their homeownership goals. The company's commitment to customer service, compliance with state and federal regulations, and experienced team of mortgage professionals make it a reliable choice for borrowers in Tennessee and beyond.

Funding a Loan

Accurate Mortgage Group funds loans through a variety of sources, including its own in-house funds and funding partners. The company's loan origination system, the Loan Butler, streamlines the loan application process and allows for faster turnaround times on loan approvals.

Once a borrower has applied for a loan with Accurate Mortgage Group, the loan is underwritten and reviewed by a team of licensed mortgage professionals. If the loan is approved, the company will work to secure the best financing option for the borrower, whether through its own funds or a partner lender. The loan is then closed and funded, and the borrower can take possession of their new home.

Accurate Mortgage Group prides itself on its ability to provide fast turnaround times on loan applications and to close loans quickly. The company is committed to providing exceptional customer service throughout the loan process, from application to closing, and works closely with borrowers to ensure that they understand each step of the process

Loan conditions

Accurate Mortgage Group offers a variety of loan conditions to meet the needs of different borrowers. The loan conditions, including interest rates and terms, vary depending on the type of loan and the borrower's financial situation.

For conventional loans, the interest rate and terms are typically based on the borrower's credit score, down payment, and debt-to-income ratio. Borrowers with higher credit scores and larger down payments may qualify for lower interest rates and more favorable terms.

For government-backed loans, such as FHA, VA, and USDA loans, the interest rates and terms are typically more flexible than conventional loans. These loans may have lower credit score and down payment requirements, and the interest rates may be fixed or adjustable.

Accurate Mortgage Group offers a range of loan terms, including 15-year and 30-year fixed-rate mortgages, as well as adjustable-rate mortgages (ARMs) that have a fixed rate for a certain period of time and then adjust annually based on market conditions. The company also offers a range of down payment options, including zero down payment options for some government-backed loans.

Overall, the loan conditions offered by Accurate Mortgage Group are designed to be flexible and competitive, with the goal of helping borrowers find the best mortgage product for their needs and budget. The company's experienced team of licensed mortgage professionals can help borrowers navigate the loan application process and find the best loan conditions for their situation

Additional Services

In addition to its mortgage lending services, Accurate Mortgage Group offers a range of additional services to help borrowers with their home buying and financing needs. Some of these additional services include:

1. Pre-approvals. Accurate Mortgage Group can provide pre-approvals for borrowers who are interested in purchasing a home. This can give borrowers a better idea of how much home they can afford and can help them make more informed decisions when shopping for a home.
2. Refinancing. Accurate Mortgage Group also offers refinancing services for homeowners who are interested in lowering their monthly mortgage payments, reducing their interest rate, or accessing their home equity.
3. Reverse mortgages. Accurate Mortgage Group offers reverse mortgages, which allow homeowners who are 62 years of age or older to convert their home equity into cash.
4. Debt consolidation. Accurate Mortgage Group can also help borrowers consolidate their debts by refinancing their home and using the equity to pay off high-interest debts.
5. Home equity loans and lines of credit. Accurate Mortgage Group offers home equity loans and lines of credit, which allow borrowers to access the equity in their home for home improvements, education expenses, or other needs.

Overall, Accurate Mortgage Group offers a range of additional services that can help borrowers with their home financing needs. The company's experienced team of mortgage professionals can provide guidance and support throughout the loan application process and can help borrowers find the best loan product for their needs and budget.