eClick Lending Mortgage Review 2023

Breakdown of eClick Lending overall score

• Affordability: eClick Lending’s rates are lower than Bankrate’s averages, and the lender updates offers daily on its website. It also provides discounts to repeat borrowers.
• Availability: This lender works with borrowers in the majority of states, but its conventional credit score bar is slightly higher compared to the requirements of other lenders.
• Borrower experience: eClick Lending boasts very high marks from customers on Bankrate.

• Methodology

  Bankrate’s expert editorial team collects lender information through a variety of methods. We contact lenders directly, and we also turn to regulatory filings and to assessments by third parties. Our research takes into account three main factors – affordability, availability and borrower experience.

  Bankrate’s reporters and editors have decades of experience covering the mortgage industry. They’re skilled at gathering information through interviews and by scouring regulatory filings. Bankrate evaluates more than 85 lenders for factors relating to affordability, availability and customer experience, assigning each a Bankrate Score out of five stars. Here’s how we assess each of the categories:

  • Affordability. Loan cost is a deciding factor for many borrowers. We look at two metrics: 1) a lender’s lowest advertised annual percentage rate (APR) based on Bankrate’s sample scenario, which assumes a 740 or higher credit score and a 20 percent down payment, among other factors and 2) established-customer discounts or incentive pricing, when applicable.
  • Availability. Another factor is how quickly your loan application will be approved, and how many loan programs the lender offers. So we evaluate approval and closing timelines and diversity of loan products.
  • Customer experience. Finally, we delve into what it’s like to deal with the lender as a consumer. We look at the lender’s application process and availability of customer service support. We also consider the results of J.D. Power’s 2022 Mortgage Origination Satisfaction Survey.

  Bankrate’s editorial team confirms the accuracy of data at the time of publication. Our team is dedicated to maintaining the timeliness of information – the mortgage industry is changing constantly, so we regularly revisit these reviews to update them.

  Bankrate’s methodology page spells out our rating process in greater detail.

Affordability: 5/5

eClick Lending displays mortgage rates on its website. If you’re interested in taking out a mortgage or refinancing through this lender, you can see current rates for a 15-year, 20-year, or 30-year fixed-rate loan. These offers are generally lower than Bankrate’s averages. While you’ll need to initiate contact with a loan officer to learn your all-in costs (including fees), you might be eligible for a discount if you’re a returning borrower.

Availability: 5/5

eClick Lending’s mortgage offerings include conventional and government-insured loans for both home purchases and refinances. It also works with borrowers in non-traditional circumstances, offering access to jumbo loans and mortgages for investment properties.

Borrower experience: 4.6/5

eClick Lending is a division of Celebrity Home Loans, which has an A+ rating from the Better Business Bureau, although it isn’t accredited by the organization. The lender has originated $5 billion in loans since founding.

If you work with eClick, expect a preapproval within 24 hours (assuming you’re eligible for a loan). While there aren’t a lot of resources available on the lender’s website, there is a handy mortgage calculator that can help you figure out how much home you might be able to afford.

If you have questions about a loan, eClick Lending is available Monday through Friday from 9 a.m. to 6 p.m. CT.

Refinancing with eClick Lending

You can refinance your current mortgage with eClick Lending. You can begin the process of comparing refinance rates on the lender’s website.

Alternatives to eClick Lending

• Texas Trust Home Loans review – An online lender with no fees, but only available in a handful of states
• Optimum First Mortgage review – A smaller-scale lender offering no-fee refinances
• Anchor Home Mortgage review – A mortgage broker working with Florida- and Georgia-based borrowers that works to match you with the best loan for your needs