Aurora Mortgage
Aurora Headquarters:
Aurora Funded Mortgages
- Home Equity Loans
- First Time Buyer Programs
- Refinance Mortgages
- Home Purchase Mortgages
- Adjustable Rate Mortgages
- Debt Consolidation Programs
- Home Equity Lines of Credit
- Imperfect Credit Loan Programs
- Balloon Mortgages
- Stated Income Programs
- Interest Only Programs
- No Point, No Fee Programs
Aurora Mortgage
Aurora Mortgage Company is a subsidiary of Lehman Brothers. Through Lehman Brothers’ Bancorp unit, it originates and services basically first- and second-lien residential mortgage loans. Home buyers seek Aurora Mortgage because it represents for some, the actual realization of the American Dream.
Their approach to helping consumers is the Aurora Mortgage Principles which are:
- People – their dedicated people are there for consumers every step of the way
- Service – they make the loan process positive for the borrower
- Products – they believe there is a loan for every type of borrower
- Pricing – access to some of the best products industry-wide; by leveraging their connections and size they are able to obtain the best rates Loans Funded by Aurora Mortgage
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Recent Aurora Mortgage News
- A Brief News Recap: As reported in National Mortgage News – Mortgage Firms to Keep an Eye On for 2005. The firms listed included Aurora Loan Services. These are firms the may be the movers & shakers in 2005 and 2004. Movers & Shakers are firms that could have strong, comparative growth or could in aligned to take advantage of opportunities in the marketplace. The firms were listed in alpha order. It specifies Aurora Loan Services on the list. An intro recap is that the Aurora Loan Services’ Parent/Owner is Lehman Brothers. The summary indicates Lehman Brothers-owned Aurora Loan Services (ALS) is America’s #1 Alt-A lender, producing approximately $10 billion a quarter in the non-conforming credits. The summary continues by explaining an Alt-A loan. Generally, it’s a mortgage where the consumer’s FICO scores are "above subprime levels". But, the consumer has other irregularities (down payment, debt-to-ratios, etc.) that make him or her ineligible for purchase by GSE. The release goes on to say Point of Disclosure: ALS is one of four non-conforming lenders currently owned by Lehman. The others include BNC Mortgage, Finance America, an SIB Mortgage which Lehman purchased in 2004. Aurora Loan Services (ALS), an Alt-A lender ranks 20th among lenders in America – per National Mortgage News’ Quarterly Data Report.
- 2003 – The Lehman firm acquired a number of mortgage originators with one of those being Aurora Loan Services. The acquisition allowed for further integration into its mortgage business.
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California Mortgage Loans is not directly affiliated with any mortgage broker or lender and cannot make any guarantee as to the lender affiliation of any broker or agent which contacts you. Company information on our site is for informational purposes only.
