Online Mortgage Loans Review

Overall Score
3.9 out of 5
Not rated
Loan Volume
Not rated
Editorial Rating
4.0 out of 5


Online Mortgage Loans is a comparison service for homeowners looking to refinance. Using their site, homeowners will be recommended multiple relevant lenders that want to work with them.


  • Compares options and finds you the best lenders for your situation
  • Focuses on reverse mortgages for qualifying homeowners over 62
  • Especially helpful for homeowners with low credit scores, who might struggle to find a lender on their own
By using Online Mortgage Loans for your refinance, you can make the entire process go by much faster. As a comparison tool, they help homeowners find the right lender within just a few minutes. Particularly if you're struggling to find a match, using this service is a great option.

Online Mortgage Loans Ratings

The team at considers a variety of sources and methods to determine an overall ratings score. First, a lender's Trustpilot score (or TrustScore) is factored in, when available. Truspilot, a third-party review site, is a leading source regarding customer satisfaction and consumer sentiment. From there, for lenders that publicly release their financial statements, we research loan origination volume. Loan origination volume is one way to understand a lender's solvency and transactional reliability. Next is brand strength. For lenders who have met a certain threshold of engagement on, we measure their relative popularity among our consumers. And finally, we offer our editorial ratings, which rely heavily on in-depth brand research and secret shopping.

Editor Ratings

Loan Variety
Loans Offered Include: Varies by lender
As a lender comparison service, using Online Mortgage Loans will allow you to view loan options from multiple lenders -- which will likely mean a wide variety of loan types to choose from. They do highlight reverse mortgages as one of their main focuses.*
Fees depend on the chosen lender. As a comparison service, Online Mortgage Loans does aim to provide homeowners with lenders offering the lowest rates.**
Customer Service
Online Mortgage Loans does have an easy-to-use website and does offer a phone number so homeowners can speak with a loan expert. However, customer service is typically better with direct lenders.
Company Reputation
Online Mortgage Loans does not have many customer reviews online, but it is overall a useful option for homeowners looking for a way to simplify the refinance process.
Ease of Application Process
Although Online Mortgage Loans does ask users a few relevant questions in order to pick the best lenders, they do not require an application. Homeowners will fill out an application with the lender they choose.
For Lower Credit Scores
Minimum Credit Score: Varies by lender
Although homeowners with low credit scores sometimes struggle to find interested lenders, Online Mortgage Loans can make the refinance search easier by doing the lender comparison work for you.
For Higher Credit Scores
With many lenders hoping to refinance with this group, homeowners with high credit scores may not need the help of a comparison site. However, if you are finding it hard to choose a lender, Online Mortgage Loans is a convenient way to compare several rates at once.

Additional Ratings

Trustpilot Rating
Not rated
  • Online Mortgage Loans is not rated on Trustpilot
Loan Volume Rating
Not rated
  • As a comparison service, Online Mortgage Loans cannot be rated for loan volume
Editorial Ratings
  • Online Mortgage Loans is a comparison site meant to simplify the refinance process.

Company Background

Online Mortgage Loans was started with the aim of making refinancing a faster and more convenient process. Their unique technology finds homeowners multiple lender matches within just a few minutes, making refinancing much easier.