Founded: February 6th, 2018
Designations:
License(s) and/or Registration(s):
“Are you currently involved in a lawsuit with a client? If so, please describe the lawsuit in detail.”- No
“Have you been in a previous lawsuit with a client? If so please describe the lawsuit in detail.” – No
“Are you currently involved in a regulatory action with your regulatory agency? If so, please describe the lawsuit in detail.” – No
“Have you been in a previous regulatory action with your regulatory agency? If so please describe the lawsuit in detail.” – No
Describe your firm in your own words and the types of clients that you typically work with:
Lendevity is a wholesale mortgage broker partnered with over 30 highly rated lenders in the nation. Working with a wholesale mortgage broker offers more options compared to the cookie-cutter solutions provided by traditional banks. We have access to a wide range of lenders and loan products, which allows us to tailor solutions to fit the unique needs of each client. This flexibility ensures that we can find the most cost-effective and suitable mortgage options, even in complex situations. Plus, we are able to shop for lower rates on the wholesale lending side, ensuring the best possible deal for our clients.
Furthermore, our team is comprised of industry experts with over 30 years of experience. We help you orchestrate the transaction from start to finish. You have us in your corner to handle underwriting, realtors, title, escrow, and closing, so you can continue with your day-to-day life while buying or refinancing your home. Lastly, we offer free refinances to our existing clients for life. If rates drop, we cover all third-party fees to refinance and lower your rate.
Clients: First time home buyers, Real estate investors, business owners, existing home owners.
How are you compensated for your work? List your compensation methods out in detail:
Commissions = 2% of Loan Amount w/ $10,000 cap.
What is the one standout detail about your firm that clients find with your firm that they have not found elsewhere?:
– Tell it like it is:
No sugarcoating, no games. We believe in being optimistic with our goals and realistic with expectations.
– Treat each application like our own.
We take each individual loan seriously. Our experts are meticulous with the details and advocate for you to get what you want.
– Go the extra mile.
We seek ways to go above and beyond, like staying late to help you close on time or exploring out-of-the-box options just for you.
– Pursue quality over quantity.
To ensure no one falls through the cracks, we have internal limits on how many clients we take on at once.
Shay Novak
President
Shay Novak began his journey in the mortgage industry right out of college. He started out as an assistant to two loan officers, quickly learned the ins and outs of the industry, and got promoted to his own branch. After the market crash, Shay took some time away from mortgages, but he returned a few years later and started working for a company whose values he aligned with. He then obtained his license, and began his job as a loan officer, with dreams of one day starting his own company. Two years later he made those dreams into a reality, and opened up Lendevity—a broker and direct lender company initially based out of his very own garage, which he converted into an office. In their second year, the company was ranked as the 1% originators in the nation.
Lendevity is a wholesale mortgage broker partnered with over 50 highly rated lenders in the nation. Working with a wholesale mortgage broker offers more options compared to the cookie-cutter solutions provided by traditional banks. We have access to a wide range of lenders and loan products, which allows us to tailor solutions to fit the unique needs of each client. This flexibility ensures that we can find the most cost-effective and suitable mortgage options, even in complex situations. Plus, we are able to shop for lower rates on the wholesale lending side, ensuring the best possible deal for our clients.
Loan Products: