GreenPoint Mortgage Funding, Inc. is a national residential mortgage banking company headquartered in Novato, California. It is a subsidiary of North Fork Bancorporation, Inc., a commercial bank holding company that, through its subsidiaries, offers a variety of financial services. North Forth, which is headquartered in Melville, New York, owns assets of approximately $55 billion.
GreenPoint offers loans in all states except Alabama, Alaska, Arkansas, Hawaii, Kentucky, Mississippi, Minnesota, and Wisconsin. The company is also a licensed commercial lender in California and certain counties of Connecticut, Florida, Illinois, Maryland, Massachusetts, New Hampshire, New Jersey, New York, Pennsylvania, Rhode Island, Virginia, and Washington DC. The company specializes in no-documentation and “Alternative A” mortgage loans. It claims to provide the lowest combination of rates and fees, as well as flexible packages that can meet each client’s individual financing needs.
Loans Offered by GreenPoint Mortgage
- New Purchase Programs
- Refinance & Cash Out Refinance Programs
- Non-Owner Occupied Purchase & Refinance Programs
- Conforming 15 and 30 Year Fixed Rate Loans
- Conforming 5 and 7 Year Extendable Term Loans
- 15 and 30 Year Fixed Rate No Income/Asset Verification Loans
GreenPoint also offers TribalPoint Programs housing partnership loans, such as the T-Point Plus Conforming Loan, HUD Section 184, and the USDA Rural Housing Program. The TribalPoint Program loans are specially designed to service Native American homebuyers.
The quality of their customer service is reflected in the information and resources they provide on the GreenPoint Direct Mortgage website, on which a series of web pages are dedicated to providing “Helpful Tips” and information regarding mortgages in general and, more specifically, GreenPoint’s offerings. In these sections, clients can find information on loan programs, rates, and fees; the mortgage application process; the closing process and fees; and even information on appraisals, special requirements for financing condominiums, and flood insurance requirements. They also provide a mortgage and loan glossary, as well as information for both homebuyers and homeowners.
GreenPoint’s website also includes several calculators to help customers choose the right mortgage options for them and to anticipate their financing costs. This includes a debt reduction calculator, a monthly payment calculator, and a refinancing calculator. There is also a “Check Rates” web page, on which customers get free mortgage quotes and review the various loan options available to them based on their locations.
Once a potential client is ready to apply, he or she has the option of filling out an online application. The application is conveniently broken down into different sections, and one can save one’s application to continue later. Clients can also request a consultation by filling out a form and having a Mortgage Specialist call them, or they have the option of calling GreenPoint. For current clients, online account access and web payment options are available, as well as borrowers counseling assistance for those with past due accounts.
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