The Worst Bank Lender -Do Not Use them! May clients went to this bank to pull money out of their house to pay off loans. This was THE WORST experience with a team and underwriting process. I know this as I was on all the emails. They do acquisitions of houses , flips and I can tell you the underwriting process was horrible. They would constantly not open all the attachments requesting them again, cause over 14 business days of delays in closing the loan. This is a small loan 230k against value of home of 900+K and fico over 750. Ridiculous, the broker kept making excuses and pointing figures at the time it takes to upload the documents and then have underwriting review them stating "your not the only loan they are working on". The underwriter would come back with nit picky requests like I have NEVER SEEN. HORRIBLE horrible and will never use them again. At the last min they stuck my client with points because the broker screwed up and was not able to keep the loan as a no prepay penalty. So they had to pay for points to pay off this loan which they clearly stated at the beginning of the process was a kill item for them. DO NOT USE this company. And their rates are not competitive. They were so in and up against a lending deadline they had we just could not move the loan so we had to finish with this horrible bank lenders.

Dan and Greg were incredibly helpful… Dan and Greg were incredibly helpful and always responsive to our questions. Communication was consistent and frequent. They were both wonderfully detail oriented and made sure our home buying experience was flawlessly executed. We highly recommend Dan and Greg and would use them again with future endeavors.

Dan/Greg Dan, Greg, and his crew made everything very pleasant and easy. They got the loan processed very quickly and they kept me notified as to the status nearly every day. I bothered them alot with questions, but they didn't seem to mind at all and they were always helpful. I feel very comfortable with them, even though we never met, face to face, I feel like we're friends. I would recommend them to everybody. Thanks, guys!

Ackerman/Tioronda Beacon NY project My experience in securing a refinance mortgage from Magnolia Bank was - to say the least - pleasurable. I state this because Dan and Greg were very hands on during the entire process, always communicated with me in a timely manner - walked me through the required document process/requirements - all electronically. Even though we never met, I felt that we were sitting across from each other as the process proceeded to a favorable conclusion in securing the loan. Dan, Greg, and their supporting “team” are the best bank loan officers that I have ever had the pleasure to work with. In today’s difficult loan market it is nice to know there does exist a bank - Mongolia Bank - and their staff - that will work with customers to secure the best loan possible that meets the customer’s financial needs. I would highly recommend that those persons looking to secure a loan - whether a home mortgage or a refinance to seriously consider Magnolia Bank for your online mortgage banking needs. To Dan, Greg and entire Magnolia Band “team” - thank you, as stated earlier, you are the best. Denny

Magnolia Bank saved the day! Magnolia Bank saved the day. With the current economy I felt like all hope had been lost. I attempted the mortgage process with an online company (Loan Depot) who left me completely in the dark & felt like I had been taken advantage of. Even more frustrating - I had done so much research and legwork on various banks thinking I was on the right path with them. Then comes Magnolia Bank being the breath of fresh air I needed. I specifically remember saying to Dan & Greg "Do customers normally cry tears of joy when working with you?". I had all my questions answered, calls/texts returned and information disclosed They worked with me every step of the way and I highly recommend them to everyone. I didn't feel stuck, forced, rushed or confused at all. And - of course, less than 30 days later I am no longer drowning in debt or interest rates because of a reputable bank understanding my needs and putting customers first. I am extremely grateful and back on the right track! Thank you Dan, Greg & Magnolia!