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Aurora Mortgage

Aurora says they shine a light on innovation in everything they do and since "aurora" is the Latin word for dawn, perhaps they can make that claim. Aurora specializes in the origination of residential mortgage loans and maintains a diverse range of non-conforming programs to meet their clients' needs nationwide. Their commitment to providing clients with innovative products and service guides their business strategy, which is to place the clients' goals at the center of everything they do. 

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Aurora Loan Services--a subsidiary of investment bank and brokerage company Lehman Brothers through its Lehman Brothers Bancorp unit--originates and services primarily first- and second-lien residential mortgage loans. It also helps borrowers refinance existing residential mortgages. Aurora Loan Services' Broker Funding Solutions subsidiary is a national wholesale lender that originates and sells first and second mortgage loans. Some of Aurora’s featured products are outlined below.

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Loans Funded by Aurora Mortgage Company

  • Home Equity Loans
  • Home Equity Lines of Credit
  • Refinance Mortgages
  • Debt Consolidation Loans
  • Adjustable Rate Mortgages
  • Balloon Mortgages
  • First Time Buyer Programs
  • Stated Income Programs
  • Interest Only Programs
  • No Points, No Fees Programs
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Recent Aurora Mortgage News

Aurora Mortgage also has programs for those with imperfect credit.  They have an extensive financing menu that makes financing possible for all types of properties, including primary residences, non-owner-occupied homes, condos, second homes, manufactured homes, and even luxury homes, with loan amounts up to $4 million or more.  One must register as a customer to avail oneself of all of Aurora’s website services.

Aurora Mortgage has had a fair share of complaints lately.  The Ripoff report lists 77 complaints on its pages alone.  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. More complaints exist about Aurora Loan Services attempting to fraudulently collect back taxes on loans and mortgages, despite records showing that they are not allowed to perform these types of collections.  There are far too many complaints against this company, which claims to use the latest business software applications to process customer complaints.  The quick and satisfactory resolution of serious customer grievances does not seem to be a priority of Aurora  Mortgage, nor does it seem to be living up to its claim of placing the clients’ goals first.

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Bradford Mortgage is not directly affiliated with any mortgage broker or lender and cannot make any guarantee as to the lender affiliation of any broker or agent which contacts you. Company information on our site is for informational purposes only.

 

Bradford Mortgage is not directly affiliated with any mortgage broker or lender and cannot make any guarantee as to the lender affiliation of any broker or agent which contacts you. Company information on our site is for informational purposes only.

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.

Loan Type
State
Zip Code
Type of Loan Rate*        APR*
5 Year ARM
5.821%
5.033%
15 Year Fixed
5.243%
5.288%
30 Year Fixed
5.729%
5.717%
Home Equity Loan
7.420%
5.740%
HELOC
6.305%
6.990%
*Rate & APR Based on The Bradford Index
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