By nbkc bank
12/29/2022
For Immediate Release
nbkc bank Named Best Mortgage Lender In NerdWallet’s 2023 Awards
Further Enhances Mortgage Offering, Provides Market Perspective
[Kansas City, MO] Jan. 4, 2023 — nbkc bank has been named the best mortgage lender in NerdWallet, Inc.’s (Nasdaq: NRDS) 2023 Best-Of Awards, an annual program intended to recognize excellence among financial providers and help consumers make smart financial decisions.
Separately, to kick off the new year, nbkc is offering further enhancements to its mortgage offering and providing its insights on the mortgage market.
NerdWallet Award
NerdWallet chose nbkc as Best Mortgage Lender in an extensive annual review which analyzed more than 60 mortgage lenders.
“We are honored by this recognition from NerdWallet, especially since it comes on the heels of a tumultuous year in the mortgage market,” said nbkc Home Loans President Chad Cronk. “It reflects the professionalism and steadiness of our team, and the value of our offering, across vastly different mortgage environments.”
A NerdWallet survey conducted online among over 2,000 U.S. adults in November 2022 by The Harris Poll found that one-third of Americans plan on making new financial goals for 2023. To identify the best products for consumers, the Best-Of Award winners were selected by NerdWallet’s knowledgeable subject matter experts, with years of experience reviewing and evaluating these personal finance products for Nerdwallet.com. They compared rates and rewards of products, did side-by-side comparisons, and conducted objective ratings and reviews to help consumers confidently choose the best products for them.
"In our evaluation of financial products, we have identified nbkc as one of the best in the mortgage category" said Hanah Cho, Vice President, Content at NerdWallet. "Consumers can feel confident that we have researched and compared mortgage products in order to develop our recommendation."
Mortgage Enhancements
Reflecting on its ongoing commitment to mortgage product innovation and superior customer experience, nbkc continues to enrich its mortgage offering. The company has announced two features designed to further support cost-effective, timely mortgage processes:
- Lender Fee Waiver: Through March 31, 2023, nbkc will waive origination charges payable to it as the lender. With such fees often ranging from 1% to 2% in the mortgage industry, this waiver can result in material savings for nbkc mortgage customers.
- $5K Close-on-Time Guarantee: nbkc will pay buyer and seller $2500 each if a mortgage loan is not closed on time. This offer is intended to ensure timeliness accountability within the closing process, and to provide certainty and peace of mind to buyers and sellers.
“The start of a new year is a great time for us to thank our customers and introduce attractive features in our mortgages,” Cronk said. “We will continue to strive to remain an industry leader by always working to bring our customers the best product features and service available.”
You can learn more about nbkc’s $5k guarantee here.
Reflections on the Mortgage Market
After a volatile year in mortgage markets, Cronk offered nbkc’s reflections on the market in 2022 and its potential direction going forward:
“At the start of 2022, no-one fully expected the volatility in mortgage rates and the enormity of their impact on the mortgage market. We started the year in the midst of a feeding frenzy that was unprecedented for those of us that have been in this industry for a long while, and we ended it with that momentum having fallen away. We’ve gone from an environment of extreme intensity, which challenged the capacity of the mortgage industry, to one that now is subdued. It was the largest intra-year change in mortgage demand that most of us have ever seen. And now, with so many people in homes with interest rates much lower than what is currently available, the normal lifecycle cadence of selling a home, one has outgrown for another, is turned on its head.
“We know that 2023 will bring with it a level of uncertainty for both home buyers and sellers. Experts are divided on where mortgage interest rates will go throughout the year, and the impact of the Federal Reserve’s decisions will continue to be reflected in mortgage rates and demand. On a positive note for home buyers, there are likely to be many fewer bidding wars pushing housing prices out of reach. And in some markets that experienced the hottest price increases in recent years, home values have begun to come down. That said, most economists and we believe widespread home price deflation in 2023 seems unlikely.”
About nbkc bank
Kansas City-based nbkc is a diversified full-service banking company known for combining innovative technology and personal support to create exceptional client experiences. We offer nationwide, online home lending and consumer banking; community and commercial banking throughout our home region of Kansas City; and banking-as-a-service to fintech companies across the U.S. Formed in 1999, nbkc continues to pursue its mission of leading the industry to simpler and more transparent banking.
About NerdWallet
NerdWallet (Nasdaq: NRDS) is on a mission to provide clarity for all of life's financial decisions. As a personal finance website and app, NerdWallet provides consumers with trustworthy and knowledgeable financial information so they can make smart money moves. From finding the best credit card to buying a house, NerdWallet is there to help consumers make financial decisions with confidence. Consumers have free access to our expert content and comparison shopping marketplaces, plus a data-driven app, which helps them stay on top of their finances and save time and money, giving them the freedom to do more. NerdWallet is available for consumers in the US, UK and Canada. For more information, visit NerdWallet.com.
"NerdWallet" is a trademark of NerdWallet Inc. All rights reserved. Other names and trademarks used herein may be trademarks of their respective owners
Survey Methodology:
This survey was conducted online within the United States by The Harris Poll on behalf of NerdWallet from November 10-14, 2022 among 2,064 U.S. adults ages 18 and older. The sampling precision of Harris online polls is measured by using a Bayesian credible interval. For this study, the sample data is accurate to within +/- 2.8 percentage points using a 95% confidence level. For complete survey methodology, including weighting variables and subgroup sample sizes, please contact press@nerdwallet.com.
For more information on NerdWallet’s Best-Of Mortgage winners, visit: https://www.nerdwallet.com/l/awards-mortgages-2023. A complete list of NerdWallet’s 2023 Best-Of Awards winners can be found at www.nerdwallet.com/awards.
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