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Intercontinental Capital Group Mortgage Review: An Award-Winning Lender Looking to Make Lending Easy


Today we’ll take a look at an East Coast direct mortgage lender that is rapidly expanding nationwide, Intercontinental Capital Group.

The company is relatively young, having been founded in 2005, but since that time they’ve already managed to fund $9 billion+ in home loans.

And it appears those numbers are only going to grow much larger, with the goal to fund one billion monthly going forward.

Intercontinental Capital Group recently made a deal with North Carolina to bring 500 new jobs to the state as part of a corporate expansion in Charlotte.

Let’s learn more about this lender that’s making waves to see if they could be a good fit for you.

Intercontinental Capital Group Fast Facts

  • Direct-to-consumer retail mortgage lender
  • Offer home purchase loans, refinance loans, and reverse mortgages
  • Based out of Melville, New York
  • Founded in 2005 by current CEO Dustin DiMisa
  • Licensed to lend in 46 states and the District of Columbia
  • Funded nearly $9 billion since inception including $1.6 billion last year
  • A Costco preferred mortgage lender

As noted, Intercontinental Capital Group is a fast-growing East Coast mortgage lender that is currently licensed in 46 states nationwide.

Given their growth, they’ll likely be licensed nationally sooner rather than later. At the moment, they’re licensed to do business everywhere other than Hawaii, Missouri, Nebraska, and West Virginia.

While they’re headquartered in Melville, New York, they are also building out a massive corporate campus in Charlotte, NC with plans to invest nearly $6 million and significantly expand their workforce.

Last year, they originated roughly $1.6 billion in home loans, with California and New York each accounting for about 20% of total production.

They are also quite active in the states of Florida, Georgia, Maryland, New Jersey, and Texas.

It appears they specialize in mortgage refinancing, with such loans accounting for about three-quarters of overall volume.

Aside from operating under the Intercontinental Capital Group name, they also run several other brands, and are part of the Costco Mortgage program.

Intercontinental Capital Group Brands

  • eReverse Mortgages
  • Fellowship Home Loans
  • Own It Home Loans
  • Proven Mortgage
  • Veterans Community Home Loans

How to Apply for a Mortgage with Intercontinental Capital Group

  • It’s possible to apply directly from their website if you feel comfortable going it alone
  • But they also have a loan officer directory and contact form if you prefer to speak to someone first
  • Their digital mortgage platform is powered by fintech company Ellie Mae
  • It allows you to complete the application from your phone, tablet, or computer (and is mostly paperless)

To get started, head over to their website and literally click on “Get Started.” That will direct you to a very brief contact form that just asks for your name, email, phone number, and state.

If you don’t want someone to reach out, they also list their phone number, which you can call to get connected with a loan officer.

This may be the better approach if you’re just inquiring about home loan rates and available programs.

If you click on “Loan Options,” it’s possible to begin the application on your own as well. It’ll ask if you’re already working a loan officer, and if yes, will provide a drop-down list of names.

Speaking of, they have a loan officer directory on their site that features bios, reviews, and contact info for all their loan officers if you need help deciding who to work with.

Their digital mortgage application is powered by Ellie Mae, which is one of the leading companies in the space.

It allows you to complete many tasks remotely, such as linking financial accounts using your bank/employment credentials, scanning/uploading documents, and eSigning disclosures along the way.

Once your loan has been submitted, you can log on to the borrower portal to check status, get updates, and make contact with your lending team if you have any questions.

Loan Programs Offered by Intercontinental Capital Group

  • Home purchase loans
  • Refinance loans (rate and term and cash out)
  • Reverse mortgages
  • Conforming loans backed by Fannie Mae and Freddie Mac
  • Government home loans backed by the FHA/USDA/VA
  • Jumbo home loans
  • Fixed and adjustable-rate mortgage options are available

They appear to offer three main types of mortgages; purchase loans, refinance loans, and reverse mortgages, all of which are available on 1-4 unit residential properties.

This includes both rate and term refinances and cash out refinances, though it’s unclear if they offer home construction loans or home renovation loans.

With regard to loan type, you can get a conventional loan backed by Fannie Mae or Freddie Mac, a government-backed loan (FHA/USDA/VA), or a jumbo loan that exceeds the conforming loan limit.

Intercontinental Capital Group seems to specialize in mortgage refinancing, with about 75% of last year’s total loan volume comprised of such transactions.

You can get either a fixed-rate mortgage, such as a 30-year or 15-year fixed, or an adjustable-rate mortgage, like a 5/1 or 7/1 ARM.

Intercontinental Capital Group Mortgage Rates

Unfortunately, Intercontinental Capital Group does not publicize its mortgage rates online, so it’s unclear how they rank compared to other banks and lenders out there.

However, their interest rates received an “excellent” rating on LendingTree, and many Zillow reviews indicate a lower interest rate than expected.

But since we don’t know where they stand, it’s probably best to call and discuss loan pricing before proceeding with an application.

The same is true of their lender fees, which don’t appear on their website. Be sure to inquire about what fees are charged, such as underwriting, processing, and a loan origination fee, if applicable.

Also take the time to comparison shop with other lenders before committing to ensure they offer a good deal relative to other options.

Intercontinental Capital Group Reviews

On LendingTree, the company has a 4.9-star rating out of 5 from over 1,600 customer reviews, with a 99% recommend rating. That’s clearly hard to beat.

On Zillow, they have an equally impressive 4.97-star rating out of 5 based on about 800 reviews, which seems to be as close to perfect as one can get.

Over at SocialSurvey, it’s another strong rating of 4.8 out of 5 from a whopping 11,000+ reviews. So again, they’re consistently making homeowners happy.

They also have an ‘A+’ Better Business Bureau rating and have been an accredited company since 2010.

That being said, results can always vary, but if you’re like most who have worked with them in the past, your experience should be a positive one, based on the many reviews.

In summary, Intercontinental Capital Group may be a good choice for an existing homeowner with a straightforward loan scenario who is looking to refinance.

Their use of the latest technology, coupled with their near-perfect reviews could make for a very good experience, assuming their rates/fees are also low.

Intercontinental Capital Group Pros and Cons

The Good

  • Can apply for a mortgage online via smartphone or computer
  • Also have physical branch locations in several states
  • Offer a digital mortgage application powered by Ellie Mae
  • Lots of loan programs to choose from including reverse mortgages
  • Near-perfect reviews from past customers
  • A+ BBB rating, accredited company since 2010

The Maybe Not

  • Not licensed in all 50 states
  • Do not publicize mortgage rates
  • Do not list lender fees on their website
  • May not service your loan

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