Sierra Pacific Mortgage Review

About Sierra Pacific Mortgage

Sierra Pacific Mortgage offers their customers the best financial services at affordable rates. They make sure you have a financial solution that is specifically designed to fit your financial circumstances with the help of their superior mortgage consultants that works with you one-on-one.

Their knowledgeable staff of mortgage lenders can assist you in locating the best lending program at the most competitive rate, whether you’re refinancing, consolidating debt, or buying your dream home.

Since its founding in 1986, Sierra Pacific Mortgage Company has grown to become one of the leading privately owned mortgage brokers in the US. Sierra Pacific had more than $5.8 billion in revenue in 2012. There are divisions for wholesale, retail, and associate lending at Sierra Pacific. They have 12 regional loan fulfillment facilities and are accredited in 48 states.

In 2021, Sierra Mortgage funded about $7.6billion, helped 24,630 families in 2021 and serviced about $20B+.

Contact Address

They have their corporate office at 1180 Iron Point Road #200, Folsom, CA 95630

Tel: (800) 447-3386, Servicing: (888) 560-2280

What Does Sierra Pacific Mortgage Offer?

Sierra Mortgage offers a wide range of services which includes:

  • FHA, VA, Fannie Mae, and Freddie Mac conventional loans, including state-sponsored Down Payment Assistance Programs are some of the home loans that Sierra Pacific provides.
  • Several years of expertise and Professionalism.
  • They provide loans directly to consumers.
  • Sierra Pacific runs a wholesale business that focuses on collaborating with independent loan originators and mortgage brokers.
  • They give helpful information and helps in mortgage planning
  • They give out home loan pre-approval letter

Law Suit Cases Filed Against Sierra Pacific

  • A Labor case, brought by BARRETT against SIERRA MORTGAGE COMPANY, INC. on November 10, 2020. The Riverside Historic Courthouse, located in Riverside, California, where the case was filed. Sunshine Sykes was the judge in charge of the case.
  • The Walls V. Sierra Pac. Mortg. Co case: According to a federal court filing in Baltimore, Sierra Pacific Mortgage Co. paid $990,000 to settle allegations of racketeering over an alleged scheme to refer mortgage borrowers to a title insurer that overcharged them and gave some of its excess profits back, plus up to $280,000 in legal fees. Motion for preliminary settlement approval filed on 8/10/21
  • Sierra Mortgage Company Inc. (SPM) agreed to pay the United States $3,670,000 to settle claims that it violated the False Claims Act by certifying falsely that certain loans complied with Federal Housing Administration (FHA) mortgage insurance requirements. As revealed by U.S. Attorney McGregor W. Scott.

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