Please feel free to learn more about our loan programs and visit our directory to locate a Mortgage Loan Officer in your area. Qualified or Conforming Mortgages used to be the most typical mortgage that the home owner would qualify for. There were mortgages that fully conformed to Fannie Mae and Freddie Mac conventional guidelines.
These loans are easiest for most homebuyers and refinancers to qualify for. A non-qualified mortgage (non-QM) is a home loan designed to help homebuyers who can't meet the strict criteria of a qualifying mortgage. For example, if you are self-employed or don't have all the necessary documentation to qualify for a traditional mortgage, you might need to look at non-qualified mortgages.
These loans are easiest for most homebuyers and refinancers to qualify for. A non-qualified mortgage (non-QM) is a home loan designed to help homebuyers who can't meet the strict criteria of a qualifying mortgage. For example, if you are self-employed or don't have all the necessary documentation to qualify for a traditional mortgage, you might need to look at non-qualified mortgages.
Services
To help better educate the consumer Obsidian Financial Services has devised guidelines which help you to understand the many aspects to obtaining your home loan. Since the 2010 collapse of the mortgage industry, many aspects of purchasing and obtaining a home mortgage have drastically changed.
Factors such as Income qualification, down payment, credit scores and verification of assets have all been affected by the enactment of the 2010 Dodd-Frank bill.Once Approved We Will Lock in Your Rate and Submit the Loan For Processing and Underwriting. This Will Include Ordering an Appraisal if needed, Ordering Your Title Work, and Making Sure That You Purchase the Correct Home Owners Insurance and Verifying Funds To Close and Employment.
Factors such as Income qualification, down payment, credit scores and verification of assets have all been affected by the enactment of the 2010 Dodd-Frank bill.Once Approved We Will Lock in Your Rate and Submit the Loan For Processing and Underwriting. This Will Include Ordering an Appraisal if needed, Ordering Your Title Work, and Making Sure That You Purchase the Correct Home Owners Insurance and Verifying Funds To Close and Employment.
Reviews (10)
DSean Ford
Dec 31, 2021
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NOTICE TO ALL LICENSED ORIGINATORS ACROSS THE COUNTRY. IN MY 22YEARS OF BUSINESS AS A LOAN ORIGINATOR I HAVE NEVER BEEN MORE PLEASED WITH THIS INDUSTRY UNTIL I THEN CAME ABOARD TO OBSIDIAN FINANCIAL MORTGAGE SERVICES INC. ALL YOU HAVE TO DO IS ASK YOURSELF WHY DID YOU BECOME LICENSED AND I ASSURE YOU IT WAS NOT TO MEET FOLKS BUT OBSIDIAN DOES THAT ALSO, BUILD GREAT RELATIONSHIPS. HOWEVER YOU BECAME LICENSED TO EARN A GREATER WAY TO FINANCIALLY LIVE. WELL HERE AT OBSIDIAN NOT ONLY DO YOU EARN MORE, MAKE MORE PROGRESS FURTHER OBSIDIAN PAYS OUT COMMISSION EVEN WHEN YOU FORGET YOU ARE DUE A COMMISSION
Andre Nieuwendam
Dec 31, 2021
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I have been in the banking & financial services industry for 32 years and started to work at Obsidian in 2017, mostly doing some IT consulting work. I stayed on because as I learned more and more about the company and worked with the owner, and I found that most of the negative things I heard were not true, and that their main goal was to build a business that would allow their employees to make the best margins in the industry while taking care of their clients. I have loved my position with the company and only wish I had started sooner. I am not just saying this as a employee, I am saying it
James Shadow
Dec 21, 2021
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Worked with Marcus through this company. Lost over 15k from this company and 7 months in escrow to buy a home they couldn’t close.
EDIT: in response to the company’s response below. No it didn’t close on your end because your company took 7 months in escrow. Deadlines not met, things not submitted. Terrible time response and communication from your company. Don’t try to put the blame on anyone else. It doesn’t take 7 months to determine if someone qualifies for a home. What does take 7 months with no results and money loss is this company
EDIT: in response to the company’s response below. No it didn’t close on your end because your company took 7 months in escrow. Deadlines not met, things not submitted. Terrible time response and communication from your company. Don’t try to put the blame on anyone else. It doesn’t take 7 months to determine if someone qualifies for a home. What does take 7 months with no results and money loss is this company
Megan Stout
Jun 01, 2021
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I heard about this place and I was going to hire them. but im the kind of person i like to do some research before give my information to people or "companies" so i keep browsing and browsing and i find out, the guy who work there is not the best plus his sister is his secretary now, and its look does she have criminal record also, i dont know you guys but i will never give my info to this place if they hire this kind of people.
Sherica Andrews
Oct 22, 2020
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I went through this company for assistance. I was given a agent Marquis Makins well it’s Fraud they hire fraudulent people take your money and say oh well unfortunately. Well you better remember my name cause unfortunately I will be suing them and the person took my money and I’m pressing charges. They have no customer service at all. Please run
Maggie Layton
Jul 31, 2020
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Extremely unprofessional branch manager, D'Sean Ford, works at this mortgage company. He has hostile communication skills. See actual comments sent from him after asking for a loan update:
"I am glad to hear back from you girl you so lucky, you are so lucky,
wealth has it privilidges and i was just about to share something with you. oh my my my i was just about to unload !!! you are so lucky.
"You clearly dont listen! Does this come with age or refusal to read?
Or perhaps you feel you better or superior. Oh wait perhaps your preferred lender is greater or better? $5k bonus from my personal
"I am glad to hear back from you girl you so lucky, you are so lucky,
wealth has it privilidges and i was just about to share something with you. oh my my my i was just about to unload !!! you are so lucky.
"You clearly dont listen! Does this come with age or refusal to read?
Or perhaps you feel you better or superior. Oh wait perhaps your preferred lender is greater or better? $5k bonus from my personal
Mec
Jun 04, 2020
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I learned about Obsidian Mortgage through a family friend, so glad that I did! I reached out, and initially spoke with Ray Moatz, he was very professional, helpful, and friendly—I was immediately put at ease taking the big step to purchase a residence. When communicating with the office, the responses were prompt, clear, and the other staff were equally great. I can’t say enough about Obsidian Mortgage, I give them five STARS all around!
Nigel Grandison
May 31, 2020
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Doug Halloran
May 19, 2019
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This company sent me a letter that is ABSOLUTELY DECEPTIVE!!
The letter head says it's from the VA US Department of Veterans Affairs. Then in small fine print at the bottom it says Obsidian Financial is not affiliate of the VA. What kind of company does this, predatory lending. I called the number and the lady was so rude and when I asked she got very defensive and hung up on me.
I will be contacting the BBB next to report this. Why would anyone do business with a company that is DECEPTIVE about WHO they are and what their intentions are.
STAY AWAY FROM THEM!
The letter head says it's from the VA US Department of Veterans Affairs. Then in small fine print at the bottom it says Obsidian Financial is not affiliate of the VA. What kind of company does this, predatory lending. I called the number and the lady was so rude and when I asked she got very defensive and hung up on me.
I will be contacting the BBB next to report this. Why would anyone do business with a company that is DECEPTIVE about WHO they are and what their intentions are.
STAY AWAY FROM THEM!
Kelly Michel
Oct 01, 2018
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Michael, provided us with a no money down program know as a DPA. Me and my husband found it very hard to come up with a down payment. Through a special program that very few lenders have, Obsidian Mortgage got us approved, with no money down, and we closed in 3 weeks. We love Obsidian and wish every company could be this efficient.
