Shellpoint Mortgage is a non-bank mortgage lender that was founded in 1989. The company is headquartered in Mount Laurel, New Jersey, and has offices in over 20 states. Shellpoint Mortgage offers a variety of mortgage products, including conforming loans, jumbo loans, and government-backed loans. The company also offers a variety of mortgage-related services, such as home equity loans, HELOCs, and mortgage insurance.

Shellpoint Mortgage is a direct lender, which means that it does not sell its loans to investors. This allows the company to offer more competitive interest rates and terms than banks and other lenders. Shellpoint Mortgage also has a strong commitment to customer service, and its customer satisfaction ratings are consistently high.

In 2018, Shellpoint Mortgage was acquired by NewRez, Inc., a leading provider of mortgage and insurance products. The acquisition has allowed Shellpoint Mortgage to expand its product offerings and reach a wider range of borrowers.

Here are some of the benefits of working with Shellpoint Mortgage:

• Competitive interest rates and terms
• Strong commitment to customer service
• Wide variety of mortgage products
• Ability to close loans quickly
• Access to a variety of mortgage-related services

If you are looking for a competitive mortgage loan, Shellpoint Mortgage is a great option. The company offers a variety of mortgage products and services, and its customer satisfaction ratings are consistently high.

Here is a more detailed look at some of the mortgage products offered by Shellpoint Mortgage:

• Conforming loans: Conforming loans are loans that meet the standards set by Fannie Mae and Freddie Mac. These loans are insured by the Federal Housing Administration (FHA) or the Department of Veterans Affairs (VA), which makes them a good option for borrowers with less-than-perfect credit scores.
• Jumbo loans: Jumbo loans are loans that exceed the conforming loan limits set by Fannie Mae and Freddie Mac. These loans are not insured by the government, which means that they have higher interest rates and fees than conforming loans.
• Government-backed loans: Government-backed loans are loans that are insured or guaranteed by the government. These loans offer lower interest rates and fees than conventional loans, and they may be a good option for borrowers with less-than-perfect credit scores.

Shellpoint Mortgage also offers a variety of mortgage-related services, such as:

• Home equity loans: Home equity loans allow borrowers to borrow money against the equity in their homes. This money can be used for a variety of purposes, such as home improvements, debt consolidation, or college tuition.
• HELOCs: HELOCs, or home equity lines of credit, are similar to home equity loans, but they offer a revolving line of credit. This means that borrowers can borrow money and repay it as needed, up to the credit limit.
• Mortgage insurance: Mortgage insurance is insurance that protects the lender in case the borrower defaults on their loan. Mortgage insurance is required for most borrowers with less-than-20% down payments.

If you are considering working with Shellpoint Mortgage, be sure to compare its rates and terms to other lenders before you make a decision. You can also read reviews of Shellpoint Mortgage online to get an idea of what other borrowers have experienced.

Here are some of the pros and cons of working with Shellpoint Mortgage:

Pros:

• Competitive interest rates and terms
• Strong commitment to customer service
• Wide variety of mortgage products
• Ability to close loans quickly
• Access to a variety of mortgage-related services

Cons:

• Not available in all states
• May have higher fees than some other lenders
• May not be the best option for borrowers with excellent credit scores

Overall, Shellpoint Mortgage is a good option for borrowers who are looking for competitive interest rates, a wide variety of mortgage products, and a strong commitment to customer service. However, the company may not be the best option for borrowers with excellent credit scores or who are looking for a loan in a specific state.