Many home buyers look to Aurora Mortgage Co., a company that represents, for some, the realization of the American Dream. Aurora Mortgage Co., is a subsidiary company of investment bank and brokerage Lehman Brothers, and through that company’s Lehman Brothers Bancorp unit, originates and services primarily first- and second-lien residential mortgage loans. Aurora also helps borrowers refinance existing residential mortgages.
Loans Funded by Aurora Mortgage Co.
- Home Equity Loans
- Refinance Mortgages
- Debt Consolidation Loans
- Home Equity Lines of Credit
- Home Purchase Loans
- Adjustable rate mortgages.
- Balloon mortgages.
- First time buyer programs.
- Stated income programs.
- Interest only programs
- No point, no fee programs.
- Imperfect credit programs.
Recent Aurora Mortgage Co. News
This company is not without its troubles though, there have been several complaints brought against Aurora which warn against placing too much trust in the companies business practices.
Lawsuits regarding divorce proceedings and mortgage loans have been brought against the company, accusing them of engaging in knowingly illegal business practices in attempts to foreclose on a property.
Others complain of being lied to or having false fees applied to their loans in an attempt to harm their personal credit status.
Yet more complaints exist about Aurora Loan Services attempting to fraudulently collect back taxes on loans and mortgages, despite records showing that such collections are not within their rights.
Despite their track record, and impressive market share, Aurora Mortgage company has made its fair share of enemies. While this is hardly surprising in regards to other businesses, the number of complaints and the variation in the type of complaint which are made by customers of the company is a warning flag. The company itself promises one of the fastest response times in the industry, not only in regards to loan applications but to customer service issues as well. Boasting the use of cutting edge business software designed to assist both loan officers and customers in the resolution of complaints, one would expect to find far fewer reports of company misconduct or customer mistreatment. This not being the case suggests that Aurora have several issues that need to be dealt with regarding the quick and satisfactory resolution of serious customer complaints and grievances.
Mortgage Refinance is not necessarily affiliated with the mortgage lender featured on this page. Lender information is for informational or comparison purposes only. Home Equity Info makes no representation, express or implied, that you will receive a quote from any particular lender, and makes no guarantee as to the lender affiliation of any broker or agent who may contact you.
This site is not a broker and does not collect or solicit mortgage applications. Content is for informational or comparison purposes only. Services are not available in New York. Products and services may not be available in all other states.