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Network Capital Funding Corporation

Network Capital Funding Corporation
Overall Satisfaction Rating 4.93/5
  • 5 stars
    183
  • 4 stars
    8
  • 3 stars
    0
  • 2 stars
    0
  • 1 stars
    1
Based on 192 ratings submitted in the last year

Network Capital is a full-service home lender specializing in mortgage refinance. With no application, lender or origination fees, it can help you close in as little as 15 business days. The company serves borrowers in Arizona, California, Florida, Maryland, North Carolina, New Jersey, Oregon, Texas, Virginia and Washington.

BOTTOM LINE

With no fees and competitive rates, Network Capital offers easy and affordable mortgage options. Although it doesn’t provide personalized rates online, you can call to get started with no obligation.

PROS

  • Fast closing process
  • Easy application
  • No fees and competitive rates

CONS

  • Confusing web experience
  • No personalized rates upfront

Top Network Capital Funding Corporation Reviews We Found

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Rated with 5 stars
Verified Reviewer Verified Buyer

My Loan Officer Kyle ** and Closing Officer Hazel ** are very efficient, polite, warm to their clients… They patiently helped me through the confusing process; and guided me through that mountain of paperworks which was even more confusing and intimidating. I am greatly appreciate Kyle ** and Hazel

Read full review
Rated with 5 stars
Verified Reviewer Verified Buyer

...My mortgage banker, Dodge ** was transparent from the beginning. He answered all my questions and...He was professional and you will feel at ease at the same time because he was very accommodating. If you are looking for a hassle free refinance, I definitely recommend Capital Network.

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What is Network Capital?

Network Capital is a funding corporation that provides mortgage and refinancing products for homebuyers and homeowners. Its team specializes in fast closings (as little as 15 days for some products). With low rates and zero application, origination, rate lock, processing or underwriting fees for qualified borrowers, Network Capital offers mortgage products that are more affordable than some of its competitors provide.

Network Capital services, loans and products

Network Capital customers work directly with licensed home loan experts to gather, organize and submit all documents needed for approval. These experts also help you decide which program makes sense for your needs.

Its loans include:

  • Conventional
  • Refinance
  • FHA
  • VA
  • USDA

Most of its loan products require a 3% to 5% down payment and are functional even if a lendee declares bankruptcy.

Network Capital mortgage rates

Network Capital promises “competitively low rates,” meaning its costs can change according to current federal rates. At the time of this publication, its costs fall between 2.25% and 2.875%, which are fairly affordable rates.

It’s important to note that your credit history and down payment may not qualify for these rates — but with no lender, application or origination fees, Network Capital could be an affordable option upfront. The company also offers mortgage discount points.

Network Capital FAQ

Where is Network Capital located?
Network Capital is in Irvine, California, but most of its products are available online.
Does Network Capital do a credit check?
Yes. FHA and VA loans require a credit score of at least 550; conventional loans require a score no lower than 620.
Can you apply for Network Capital’s loans online?
Yes, the entire process can be completed online.
Does Network Capital charge loan fees?
There are no application, origination, rate lock, processing or underwriting fees for qualified buyers.
Is Network Capital transparent about its rates?
Not really. Its customers have to jump through some hoops to see rates, and the only way to get a customized rate is to call.

Is Network Capital legit?

Network Capital is a good option if you want to choose from a variety of online loan products. Because it doesn’t show personalized rates and fees online, it might be difficult to grasp the total cost of each loan; however, its licensed loan officers can walk you through options over the phone and provide free, customized no-obligation rates.

Network Capital Funding Corporation Reviews

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2 featured reviews
How do I know I can trust these reviews about Network Capital Funding Corporation?
How do I know I can trust these reviews about Network Capital Funding Corporation?
  • 2,737,259 reviews on ConsumerAffairs are verified.
  • We require contact information to ensure our reviewers are real.
  • We use intelligent software that helps us maintain the integrity of reviews.
  • Our moderators read all reviews to verify quality and helpfulness.

For more information about reviews on ConsumerAffairs.com please visit our FAQ.

Page 1 Reviews 0 - 10
Rated with 5 stars
Verified Reviewer Verified Buyer
Original review: July 23, 2020

I was really trying with the mortgaged company that I had at the time. A friend and I were due at the same time, and she said the company I had charged so much, so I did a little research. I saw an advertisement that said no or low refinancing fees and that's what drew me to Network Capital. I saw that they were a new company and I decided to get a 30-year refi with them because of the lower interest rate. The lowest that my mortgage company was gonna give me was in the 3s. Network Capital got it lower and that was permanent. That is what was set. It’s not those fluctuating things or I wouldn’t have done it. I also ended up paying them under seven as the cost for the fees, for the refi and that was less than half of what my mortgage company wanted to charge me.

The application process was very easy as well. I only had to provide one document and they had everything done within 10 days. I got the 2.75 interest rate and I didn't have to pay for an appraisal. It was a win-win all around. The only thing I’d miss with my other company is that it was so automated. They had an app that I could go into and I could pay my mortgage from there. I could also pay it over the phone if I wanted to and that's how I prefer to do it. Either one of those two ways. Network Capital said I could go online and make an account, but if I paid it over the phone, it was gonna be $10 and I'm not doing that.

One time, I had a concern because my previous mortgage company had not paid my house insurance and it was due back in April. Network Capital got on it right away. We talked about it and we got it taken care of. They were willing to work with me on how to pay it and I ended up paying it. They were excellent and I recommended it to my friend. I don't know if she had quite as an easy experience as I did, but mine was easy.

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3 people found this review helpful

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    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: May 29, 2020

    It was a great experience with Network Capital. Adam, a rep from Network Capital, called me and asked me if I was interested in doing a finance. At the time, I told him I've been trying for about a year to get a refinance and I couldn't get one. I went almost to the end of everything a couple of times. I told him I don't think it's any good to even try because my ratio is not there. He said, "Let's look at it and see what we can do." He said, "I think we can get you a loan." So, he did. I was happy as can be. They got it done in about a month. Working with them was an absolute pleasure.

    He did everything they could to get me a loan. He would always return my calls and if I had any problem, I had no problem asking him. He always answered me back. We started it in April and we got it done by May 8th. The final thing was May 11th when they paid out everything. They paid off all my credit cards and gave me a brand new loan. I just wanted to get rid of my credit cards.

    They gave me a great rate. I did have to pay for quite a few points. It put my loan up a little bit. But other than that, all I really wanted to do was get a refinance on my home here. And they got all the payments to me. They did that right on time, sent it all to me and I mailed it all out. Everything was so efficient. I couldn't believe it because the companies I've been working with for the last year, the things they were asking me for that wasn't necessary, and they've asked me for things I already have over and over again. It was a blessing when I worked with Network Capital. I would recommend them 100 times over anybody else.

    4 people found this review helpful
    Rated with 4 stars
    Verified Reviewer Verified Buyer
    Original review: May 16, 2020

    I was with Quicken Loans which is one of the major online lenders and I was not aware about the market. Network Capital called me and said that there was a change in the market. They made me know. And then I started digging other companies, but everybody made offers in a way that made things complicated. They were trying to trick the customer. I am an analytic guy and I like numbers. So, nobody was able to answer my questions until I met Aiden, and he sent me some explanations. He sent me some tables to make it understandable. And then based on his guidance, I was able to understand the process, and I said okay with him.

    The application process was smooth. The only thing that I did not like was the person who brought the documentation for signature. First of all, communication was hard with her. Even though I told her about the timing, she came earlier than expected. I told her no worries and that she was more than welcome. And while I signed the documents, I saw something that I thought was not in line with the closing estimate. And I had to call the closing officer, Jessie, and the lady got upset. She said, she had a lot of places to go.

    She tried to rush me and she was in a mood to eliminate my focus on the documentation. She just expected me to sign everything without reading, without proofreading, nothing. And she kept talking over the phone with someone else. Also, I didn’t like her attitude at all even though I was so polite against her. I was about to cancel the process. But I just thought that sign everything and Aiden will adjust the issues, and he did. But Network Capital did not have a good partner.

    The rate was not as I targeted. My loan was 4.125. And I talked with my bankers, and they told me to reach at least 1% down. Otherwise, it doesn’t make any sense. They kept saying to not sign a refinance unless I figure out 1% less which is 3.125. I couldn’t risk it, no. But in the end, I have chosen to refinance because my loan was a jumbo loan, beyond 510K, and my wife’s credit score was 510. That was probably the reason I couldn’t get the lower rate. But I’m okay.

    3 people found this review helpful
    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: April 24, 2020

    Network Capital Funding said they specialized in refinancing. Working with them was very smooth. It went really quickly. There were some changes that caused some angst through the process, but James, the person that I worked with, was always very reassuring. The value of our home didn't come back as high as we expected. It turned out the refinancing was much lower than what we hoped for. So, stuff like that where things got hung up and I got quite anxious about it, James was very good at explaining and getting back to me, and getting back to again, and he kept his finger on pulse the whole time. I like his ability to calm me down when we would hit a barrier.

    We never received a final copy of everything that was signed. If I had anything to complain about, it would be the person that they sent to notarize. She wasn't prepared and she didn't have a copy for us. She didn't explain what it was that we were signing. It was convenient. They scheduled her at the time we were available. But she didn't have any knowledge of what she was doing. She was kinda just sent to us to get signatures and that was it.

    When they sold it to whatever the company was that took over the mortgage again, the person that did the closing with us, a lot was not explained. They said, "Here's the sheet with where the first payment is gonna go," but she didn't explain that to us. We were given the information of where the first payment was going to go to, but she didn't take any time to detail it. So, when the first payment was coming due, that caused me some angst to try to find out where to get it sent to. We only received the payment letter probably after it was due, but I had already called in and made a payment. So that piece when they did the handoff to whoever was the company that purchased the mortgage from them, there could've been some additional communication to us. Because we were in the process of a move, we didn't know where we were going to send the first payment to.

    But even with the other company, apparently, the first attempt to even try to set up online payment, all that has fallen through. So, whatever they can maybe do more on the handoff to whoever is purchasing the mortgage and help them to be more consumer-driven as their company is. In addition, I wouldn't necessarily say the rate was excellent because by the time we got done, we were maybe a quarter-point lower than where we were. But the terms were good. We wanted a short-term and James was able to provide all that for me.

    5 people found this review helpful
    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Feb. 2, 2020

    Somebody from Network Capital called me. The young man was persistent but not rudely persistent. I didn't want to be bothered and he could tell that I was dry, but he was able to keep saying what he needed to say. I listened to what he said and there were a few things got my attention. But the application process was a little irritating to me. When people know you’re looking for a home-refinance, you get flooded with so many calls and so many people. There was another person that took it all the way through the process. He was good too. But one time during the process, I didn’t know where we were at and I didn’t know if it was a scam or not. I also didn’t know that he was out that day. So I just made the decision and asked them to lose my name and number and consider me through with it. We were probably 97% complete with it at the time.

    Network Capital was asking me so much but there was some stuff that I wouldn't provide. I was gonna carry the loan by myself without my husband ‘cause he was doing 1099. My husband has an expensive car that’s under my name and Network Capital is looking at my salary, my house loan and all of that. They knew that I couldn't afford all of what I had been paying and they knew I was getting help from my husband but they kept excluding him. They already have my checking account and they’ve seen all of my income. But no matter what I said, they'd have to check it. They wanted to know all of my activities in my bank statement. But my husband wasn't on the loan, so they wouldn't get all of that. They also made me pay off some bills I wasn’t too happy about.

    The underwriting took about 10 days and it was a lot. They kept asking for different things. Some of the documentation was a little bit too much. Then when you supply something, they would review it and they would ask more questions. That was irritating to some degree. But I understand that it wasn't the people from Network Capital. It was just the underwriter being super precautious. Their job is to check, double-check, and verify. They did a lot of that. I even asked my supervisor to talk to them because we would have to go through a verification process.

    When I told Network Capital to leave me alone, the underwriter needed a couple of more things so I provided most of it but not all. Some of it was not necessary. I don’t have bad credit, I pay my bills on time, and I have money on my account so I’m providing them everything already. The information was there but then they would have to verify it. All this happened towards the end and the process was almost over. They should’ve been verifying that in the beginning. Other than that, I was able to accomplish what I wanted to do.

    6 people found this review helpful
    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Jan. 6, 2021

    David ** did an excellent job with my home refinancing. He was very easy to talk with and he explained everything I needed to know concerning the refinance. I will definitely recommend him in the future if anyone I know wishes to refinance.

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    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Jan. 6, 2021

    Austin helped me with my investment property refi. Though my loan amount was very small, only $110k, he was still very happy to help me to get a much lower rate than my current loan so I can save some money. He is very honest, straightforward, responsive, and let me know what he can do and can't do. He was able to close refi for me quickly. I will for sure work with him again on my primary residence refi if the rate is getting better.

    Be the first one to find this review helpful
    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Jan. 1, 2021

    We recently refinance and had the best service received from Jake **. We are encouraging our friends and relatives to do the same and wish they will have the same great experience like us. We received phone calls and emails every time there is an update necessary to make. He was vey professional in his dealings and great customer service. He represented the company well. Thank you for the opportunity and till next time.

    Be the first one to find this review helpful
    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Dec. 31, 2020

    Very happy with Network Capital for refinancing my loan. Ariel was extremely patient, polite and professional. Janel, kept me in the loop throughout the loan process and was very knowledgeable as well as courteous and professional. I highly recommend this team. Thank you both, Janel and Ariel!

    Be the first one to find this review helpful
    Rated with 5 stars
    Verified Reviewer Verified Buyer
    Original review: Dec. 31, 2020

    Janel and Phil were both efficient and professional. It was a pleasure working with them. They were always available when we called instead of getting a recorded message. Very happy with our experience. Janel worked hard to get a couple of items through underwriting which in turn caused less work for us.

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    Network Capital Funding Corporation Company Information

    Company Name:
    Network Capital Funding Corporation
    Company Type:
    Private
    Year Founded:
    2002
    Address:
    5 Park Plaza, #800
    City:
    Irvine
    State/Province:
    CA
    Postal Code:
    92614
    Country:
    United States
    Phone:
    800-440-5995
    Fax:
    8667596008
    Website:
    www.NetworkCapital.net