Owning a house in the United States is at the top of the wish list of almost every American citizen. Statistics show that nearly two-thirds of the American population owns a house. The acquisition of these properties was mostly through mortgage loans. Because of this, there has been a constant search for the best mortgage originator that offers a better rate, loan process, etc.
Valon Mortgage is a residential mortgage servicer and lender. It operates as a software firm that designs and develops loan applications. Valon was founded in 2019 by CEO and co-founder Andrew Wang, Product Manager Eric Chiang and CTO Jonathan Hsu.
Valon Mortgage is a technological company located in New York, United States. It works with the Software & Tech Services industry and is categorically placed under the Software sub-industry. It has a growing team of engineers, operators, and experienced servicing professionals leveraging technology to improve the homeownership experience.
We will explain more about Valon mortgage, its interest rates, and plans below.
Table of contents
- Valon Mortgage Overview
- What should I know about Valon Mortgage?
- What are Valon Mortgage Pros And Cons?
- How to Sign Up on Valon Mortgage
- What is the Valon Mortgage official website?
- How Do I contact Valon Mortgage?
- What Is the Interest Rate of Valon Mortgage?
- What happens if I am transferred to Valon from another servicer?
- When will I get my tax forms?
- What is the support contact email?
- How do employees rate Valon?
- How can I get a job at Valon?
- Do people recommend working at Valon?
- What is the interview experience of job seekers at Valon?
- How do employees rate the business outlook for Valon?
- FAQs Of Valon Mortgage Review
- Conclusion
- Reference
Valon Mortgage Overview
- Valon is a residential mortgage servicer and lender.
- It is a trusted, software-driven consultant that presents homeowners with the best financial choices.
- The headquarters of Valon Mortgage is in New York, USA.
- It was founded in 2019 by co-founder and CEO Andrew Wang, Product Manager Eric Chiang, and CTO Jonathan Hsu.
- Valon Mortgage’s ultimate goal is to become the financial wellness platform for everyone and remove the stress of managing your finances.
- Valon’s mission is to help homeowners attain financial independence by partnering with them to get their homes and future.
- Valon’s current company size is estimated at 51-200 employees.
- The specialties of Valon Mortgage are Fintech and consumer tech.
- Valon Mortgage’s recent valuation is over $590 million.
- Valon Mortgage has raised over $90 in funding.
What should I know about Valon Mortgage?
Valon Mortgage is a cloud-based mortgage-servicing medium. The mortgage company develops software that puts you, as a homeowner, at the center of everything they do.
Valon reduces the cost to mortgage investors of servicing loans by automating payments. This permits borrowers to see their balance and other information about their loans online.
Valon provides an integrated recapture and retention program that employs advanced internal and external data. This program identifies possibilities and delivers personalized, organic offers directly into each homeowner’s everyday servicing experience.
The mortgage company is valued at 590 million dollars and is already processing a whopping sum of over $5 billion in mortgages.
Valon recently secured approval from the Federal Housing Administration and Freddie Mac to service government-backed loans. It is a Fannie Mae and Freddie Mac-approved tech-enabled residential mortgage servicer.
The mortgage company works with Tim Mayopoulos, former CEO of Fannie Mae, and New Residential Investment Corp.
Together they built a mobile-first service that helps homeowners handle the rigors that accompany mortgage loan dealings. Such rigors include balance checks, presentation of forbearance plans, escrow account elaboration, incorporation of new regulations, etc.
Read Also: Plaza Home Mortgage Review 2023: Interest Rates & Plan
What are Valon Mortgage Pros And Cons?
Valon Mortgage has an amazing team of professionals working to achieve a common goal. The following Pros and Cons listed below are reviews from individual staff based on their work experience with Valon.
Strong leadership team with tons of transparency
Pros
- Strong team with good values and high honesty & trust –
- Very clear vision and a clear path for company growth – Open feedback culture.
Cons
- The current stage and risk profile might not fit everyone, but it’s the right balance of upside and risk for me.
Ambitious coworkers, determined leadership
Pros
- Engineers here are extremely friendly, collaborative, and hard-working. I have yet to encounter a coworker who was challenging to get along with. The company’s leadership is committed to the business’s success and moving it in the right direction. Leadership seems more pragmatic than other businesses of our size, which is a positive thing.
Cons
- Although there is no top-down pressure, this might not be the best cultural fit for someone looking for a rest-and-vest job. Here, engineers are conscientious and self-driven.
Building products to reinvent an old industry
Pros
- Amazing business concept, excellent company outlook.
- The firm will continue to develop quickly.
- Plenty of opportunities for employees to build.
- High talent density.
- People are eager and lovely to work.
- Senior leaders (especially CEO/COO) are exceptional leaders.
Cons
- Products you work on aren’t as flashy as other tech companies (uber, google, etc.) – expect to work hard.
Decent place to work. Not much room for growth
Pros
- There is no managing, monthly food expense account, or hybrid work schedule.
Cons
- Difficult to close loans, no training, no recognition, no urgency in coming up with solutions, convoluted software.
Transparent company with a team of caring leaders
Pros
- CEO talks to us like we are all adults’ Clear expectations from the top down, Great people at the company Good company trajectory.
Cons
- It is not a traditional 9-5 job. Employees are expected to work more than 40 hours a week.
- And things always change, even when product development is still early.
How to Sign Up on Valon Mortgage
The signup process for a Valon mortgage is easy. Let me explain.
Did you know that Valon mortgage gives new mortgage and mortgage servicing? You can register online if you recently transferred to Valon on the transfer date.
The registration is easier if your email is in Valon’s file. If it is, they will email you how to register. Remember that after this, Valon may take a few days for your information to be updated in your account.
To log in, check out this page to input your email and password.
What is the Valon Mortgage official website?
Valon Mortgage’s official website is www.valon.com.
Why is my tax or mortgage insurance amount lower than expected?
The amount on your year-end tax statement is based on funding. Payments from your escrow account minus any refunds received.
You can confirm any amounts disbursed for taxes and mortgage insurance by looking at the payment history on your previous monthly statements. Or you can contact your taxing authority or insurance company.
Read also: Keller Mortgage Review 2023: Interest Rates & Plans
What is Form 1098?
Form 1098 is a statement that provides you with certain information about your mortgage interest and points payments.
If you receive this form, you can take advantage of potential home tax deductions. You should confer with a tax expert to determine your eligibility and filing requirements.
Can I still file my taxes if I don’t receive Form 1098?
Yes, you’re still eligible to deduct interest on your taxes even if you did not receive Form 1098.
We recommend speaking with your tax advisor for more information about what to do in this situation.
What is Form 1099-INT?
Form 1099-INT is an IRS income tax form used by individuals to report interest income received.
Valon must send a copy of Form 1099-INT to the IRS for any homeowner with an escrow account that earned $10.00 or more in interest throughout the tax year.
What is the difference between Forms 1098 & 1099-INT?
Form 1098 is also known as Mortgage Interest Statement. It is a form to report the interest and related expenses you paid on your mortgage during the tax year.
A Form 1099-INT records types of income received from sources other than your employer.
In the case of Valon, a 1099-INT will be issued if you earned $10.00 or more in interest on your escrow account in a given tax year.
How Do I contact Valon Mortgage?
To contact the customer service of Valon Mortgage, you can use the Chat button here and click on support.
Also, you can contact them through email and phone number.
Email: support@valon.com
Phone: 855-218-3690
Lending Contact
If you require a loan and need the help of a loan officer, contact them using the;
Email: loans@valon.com
Phone: 480-745-2319 (Monday to Friday, 10 AM to 7 PM ET)
Apply: Begin your application
For Mortgage Assistance, Contact us via
Email: mortgage-assistance@valon.com
Phone: 855-716-1340
What Is the Interest Rate of Valon Mortgage?
To get the interest rate, you must include all necessary variables. Select if it is for buying a home or refinancing. After this, other options exist to streamline that request and provide a tailored answer.
However, remember that they don’t charge lender fees on standard mortgages (like rate & term refinance, cash-out refinance, or home purchase loans). But, they charge a small fee for home equity products like HELOCs and HELOANs.
Read Also: Plaza Home Mortgage Review 2023: Interest Rates & Plan
What happens if I am transferred to Valon from another servicer?
If you meet the standards plausible, you will receive two sets of forms—one from Valon and one from your prior servicer.
When will I get my tax forms?
You can expect to receive your 2022 tax documents by January 31. These statements will be obtainable to download from your online account.
What is the support contact email?
contact-us@valon.com is the contact support email of Valon Mortgage company.
How do employees rate Valon?
Employees rate Valon 4.3 out of 5 stars.
How can I get a job at Valon?
It is easy to get a job at Valon. Simply browse through the open positions to apply for a job.
If the application is successful, prepare for the interview, as the questions may be tough.
Do people recommend working at Valon?
77% of employees recommend working at Valon to a friend.
What is the interview experience of job seekers at Valon?
Job seekers at Valon rated their experience at 59%, a positive rating.
The candidates have given it an average difficulty score of 2.9 out of 5. This is the rating of their interview at Valon.
How do employees rate the business outlook for Valon?
75% of employees think that Valon has a positive business outlook.
FAQs Of Valon Mortgage Review
Valon Mortgage’s official website is www.valon.com.
Valon Mortgage was founded on July 1, 2019.
Valon Technologies has 14 investors, including New Residential Investment Corp and Andreessen Horowitz.
Valon Technologies has raised $97.1M in funding.
Valon Technologies closed its last funding round on November 3, 2021, from a Series B round.
Alternatives and possible competitors to Valon Technologies may include Nesto, CrowdStreet, and Roofstock.
Read also: Citibank Mortgage Review 2023: Interest Rates, & Plans
Conclusion
With Valon, solving and managing mortgage issues has always been challenging. Valon Mortgage was created by its co-founders to allow easy payment using an automated system.
Its program presents homeowners with the best available financial offers. Though its launch year might be short, it has surely been of great help to homeowners in the United States.