Weichert Financial Services is a national, full-service mortgage lender and the affiliated financial services division of Weichert, Realtors. Established in 1980 in Chatham, New Jersey, it is licensed in over 40 states and headquartered in Morris Plains, NJ. The company is known for its integrated approach, offering mortgage, insurance, and title services under one roof to streamline the home buying process for clients.
See today’s mortgage interest rates on TrueRate.
How Weichert Financial Services compares to other lenders
| Headquarters | Morris Plains, New Jersey |
| Website | weichertfinancialservices.com |
| Rate | 0.13% higher than the median rate |
| Lender fees | $1,879 (median) |
| Added cost after 1 year, compared to the median interest rate | $36 |
| Added cost after 10 years, compared to the median interest rate | $3,706 |
| Added cost after 1 year (vs. Tomo Mortgage) | $2,614 |
| Added cost after 10 years (vs. Tomo Mortgage) | $14,891 |
For a $400,000 mortgage, Weichert Financial’s rates—about 0.13% higher than the market median—and $1,879 in lender fees would result in a small added cost of around $36 in the first year and around $3,706 over 10 years compared to a typical lender. Borrowers should consider how lower-cost lenders like Tomo Mortgage compare to realize thousands in potential savings.
What customers are saying
Weichert Financial Services receives mixed reviews across platforms like Yelp, Experience.com, and BBB. Many borrowers praise individual loan officers for their knowledge, responsiveness, and ability to make the process smooth—especially for first-time buyers. However, significant complaints appear on BBB regarding misdirected or lost payments, delayed refunds, and improper escrow analysis, sometimes resulting in foreclosure threats or prolonged financial inconvenience. Some Yelp users also report missed deadlines and slow processing.
How to compare mortgage lenders
Interest rates. Comparing rates between lenders isn’t always straightforward. Many promote low headline rates that require paying “points” upfront to buy down the interest rate. To make a true comparison, focus on the par rate (0 points) and the APR, which reflects both the interest rate and any lender fees. Even small differences can translate into significant savings over the life of the loan.
Lender fees or loan origination fees. Many lenders charge fees that add thousands to the cost of a loan. It’s important to look at both the rate and the fees together to understand the true cost of borrowing. For a $400,000 mortgage, avoiding even a $1,000 fee could contribute to meaningful savings in the first year and over the long term.
On-time close rate. Most lenders do not publicly share their on-time close rates. However, it’s a critical factor—especially if your home contract has tight deadlines. Asking about their process for meeting close dates, including underwriting and document review timelines, can give you more confidence when choosing a lender.
Pre-approval and offer letters. Some lenders offer fast pre-qualifications that may not be fully underwritten, which can weaken your offer in competitive markets. It’s important to ask whether a lender’s pre-approvals are fully underwritten and how credible their letters are when presented with an offer.
Customer satisfaction. If detailed customer review data isn’t readily available, check third-party review sites or ask the lender for references. It’s important to understand how they handle communication, responsiveness, and issue resolution throughout the loan process.
Employee reviews. Company culture often influences how clients are treated. A lender with strong employee satisfaction typically delivers better service, more organized processing, and a smoother overall experience for borrowers.
To better understand how we compare mortgage rates fairly, see our TrueRate Methodology.
If you’re ready to start your journey to homeownership, get pre-approved with Tomo Mortgage today.