Risha Kilaru – Prospect Mortgage

Risha was able to close a deal that I did not think was possible. I got into contract on an investment property with an all cash offer and a 15 day close. I did not think I would qualify for the loan or be able to close on the jumbo deal in 2 weeks. Risha made it happen! She called my agent, convinced her that she would get the loan done and with her magic touch, pulled a miracle.
I got a great loan, saved my money and closed on time! She has done this for me time and again.
I have learnt that if Risha says she can do it, I don’t question her!

She gets the job done and you move into your new home or refinance pretty much as per the terms she will tell you over the phone after a quick examination of your details. I have done my first new home financing with her in May 2015 without having 20% equity and without Mortgage Insurance and then seven months later value of the house goes up by 12% putting me over the 20% equity mark and then I went back to Risha because she told me — come back and I will give you a zero cost refi deal — and she did — got a competitive price and my refi ⁷⁄₁ ARM funded today — bringing my 75−15−10 structure to a regular 80 – 20 structure and bringing my costs down about $ 200 a month. Her staff Shannon Murphy is great — positive and professional. Need to keep tabs on details though — in their busy life some details could get missed.

Talked with her & her assistant 2 weeks ago, she said will get back to me/​email in few days, almost 2 weeks never heard anything. It feel like this company just took my information, pay stubs, bank accounts info, etc, but never heard anything after that (they don’t know what they doing), I agree with CM comment on Unilocal to be careful to submit information to this company. I work with other lender now which is fast & helpful, only few days to get pre-​approval.

Risha should be on your default favorite list if you are looking for a new home loan or a refinance broker. she is best at what she does and excels in this area. She has the domain expertise, will tell you right away if things are not in order and what you will need to get the loan done. She is detail oriented, meticulous, her staff does an excellent job collecting all the paperwork and makes sure that the loan is submitted and followed through on time. We have done several home loans with Risha — both new home loans and refinance — and she has done an excellent job with them. some loans were complicated but with Risha’s experience and the «never say never» attitude has made us close on all our loans. Thank you Risha !!!

Trish was very patient with me and guided through the process. She accommodated to my schedule by having someone come to my home at 9 pm to complete the notary process of my loan documents because that was the only time my husband and I would be under the same roof. She and Risha worked very hard to make sure that I did not increase my current mortgage payment too much and had everything in by the deadline to ensure that I locked in the current interest rate before it was to increase the following month. I walked away without having to spend any of my own money and was even able to payoff over $ 30,000 of my student loans by refinancing my mortgage at a lower interest rate!

Risha is possibly your best Mortgage /​Refi /​Investment loan broker in Fremont and possibly in the whole SF Bay area.
She knows the process well, not too «salesy» but gives you clear facts and figures. She moves fast and locks in the best rate.
She and her colleague Rachel English did an amazing job in terms of getting all the documents and processing them without too much hassles and most importantly sticking to agreed upon terms.
If you are planning to buy a home /​condo and if you land a good property at the best price you have got to move fast because in a crowded market there are others willing to buy at a premium.
You need someone like Risha to take care of the mortgage processes to move fast.
Even if you have an approved loan from a bank or a Credit Union it doesn’t hurt you to get a comparative quote or advise from Risha

I was extremely disappointed with the way my loan was handled by Risha. She pushed me into a corner where I had to take the loan offer she got me (a ridiculous one at that, will not go into details here), Now I had to go through everything again (refinance) just to get out of the hole Risha got me into. Please shop around before your settle for Risha.

Risha and her staff were very professional and wonderful to work with. We used her when we first purchased our house in December of last year and again for a refinance this month. We closed both times without any issues due to her expertise but yet personal human kindness. Thank you for all your hard work and assistance.

Risha and her staff were absolutely amazing. She took my frantic phone call and transformed it into the house of our dreams. Shannon was wonderful to work with as well. All in all an amazing experience for what is usually a challenging and stressful time.

I closed a transaction with Risha a few weeks ago. It was so quick and timely. I was very impressed with her and her staff. Everything she did was exactly as explained and to the date. It was a pleasure working with her.

Very quick and insightful through out the entire home purchasing process. We highly recommend Risha and her team for new home purchases!

Risha and Prospect Mortgage were great!
We found a house to buy November 11, 2014 and moved in our home in December 11, 2014 now that is fast!!!
Thank you
Maria G

This is an extremely unprofessional place. Beware. I applied for loan and decided to cancel due to poor service. I was informed by another Prospect Mortgage agent that my loan application file and all disclosures were found on a shared copier of a different branch.
I informed headquarters. I am worried about sensitive information falling into wrong hands.
Please don’t apply for a loan with Risha Kilaru. Your identity and sensitive information will be compromised.
Beware.

Risha and her team (Shannon especially) work very efficiently and they deliver on what they promise. They are very responsive by email but not so much by phone so I would recommend interfacing with them by email mostly. They got me the exact loan I wanted with fairly low cost and points and a great interest rate. I would highly recommend working with these smart ladies for your home refinance needs. If everybody in their industry behaved as they do the refinance industry would not have such a terrible reputation. Nice work and thanks!

Oh my heavens to Betsy, what would we have done without Risha and Shannon?! Probably re-​up the Xanax prescription. As a first-​time buyer of anything beyond a car and some great picks at Nordstrom Rack, I was about as doltish as possible when the opportunity to buy a home landed on us like a cartoon piano. Risha and her team ensured we got all the right stuff to all the right people on time. She took every phone call, including the one from my Uncle Harv, a retired lawyer who wanted to asked 700 questions about the loan documents (because he’s awesome). She and Shannon were entirely mellow when work sent me on a far-​flung business trip the week we were trying to close. They helped us navigate an unexpectedly fast, relatively complex process with calm and kindness. I can’t thank them enough.

We are so lucky to find Risha as our loan officer! She and her team Liz are extremely professional and nice! We are the first time home buyer with no experience at all. We at first were really worried about if we could get the loan approved due to my husband’s job nature. She answered us everything single question and assured us that we will get the loans without a doubt. We really have piece of mind as she and Liz kept us updated daily about the progress. They closed the deal really fast (in less than 3 weeks). I’m very impressed with their professional knowledge and team work. She’s definitely our long term loan officer now :)

I don’t have enough words to thank Risha Kilaru and her team for the amazing job they did closing very challenging transactions. I’ve been in the Real Estate Industry for 23 years and never met a Loan Officer more dedicated, reliable, responsive, helpful and positive than her. I highlly recommend her, I give her 10 stars 5 are not enough :)

She is very professional and her team is amazing. Jason (her loan guy) is meticulous and professional. I am first time home buyer and was looking for two loans with 10% down. When no big lender could do it, she did promise and deliver on the loans. Her documents, approvals were all in in-​time. After per-​approval, she schedules, proactively she set up time to explain everything, line item by line item. I worked out a model in Excel to understand every details and called her for some question several time. She answered by taking time but I was still looking to understand more details such as (10 how does escrow will work for property tax, insurance etc. We met in person for 45 minutes where she explained everything (2) title insurance (3) reimbursement from the seller agent. We met in person for 1 hours, where she explained everything
My buyer agent was the seller’s agent to so she was my second pair of eyes to check all the contract, documents etc. She also encourages me to get closing cost back from the seller’s agent and I finally got back significant amount to cover closing cost. Between the credit of seller’s agent and loan discount (from her), my closing cost was zero (obviously, the maximum, what is legally allowed as closing cost).
She will give you all the time required to make you understand every details and guide if, if you ask, for rest of the processes related to closing. I strongly recommend her if you are first time home buyer.

As a first time Home Buyer in California, Risha and her team made the entire loan process very easy to process. Despite the plethora of compliance documents requested (we understand its part of the process and understand), Prospect Mortgage team made it all easy to understand. They were Extremely transparent, and explained everything in detail, offered options, and were STRAIGHT UP with me from the first minute. No games, no sales pitch. Risha herself called me after hours to give me input or respond to inquiries, and on weekends. Truly a mortgage and loan specialist team, they understand and explain the state and federal regulations, that has been a pleasure to work with. I would gladly take any future loans, to them, and refer friends and family. Honest and reliable, sincere and realistic.

My wife and I had a great experience recently with Prospect Mortgage that I’d like to share. We just closed on a 1700 sqr ft /​3bed /​2bath home in Newark and we couldn’t be happier with the entire lending process thanks to Risha Kilaru with Prospect Mortgage.
It took over a year to find our first home, and Risha has been there for us since day one. In the beginning, we met with her and she explained all of the different loan options, being very detailed and clear about everything and anything. We gave her all of our info, and she came back minutes later with a game plan. After looking at our finances, she convinced us to start saving aggressively if we wanted a house that met our lifestyle, while still being able to live comfortably and within our means. Months later, our savings account nearly tripled and continued to do so as long as we weren’t taking anything out of it. She pre-​qualified us and our search began.
Fast forward to a year later when we FINALLY found «the one», we were in contact with Risha and her assistant Amanda on a daily basis. From phone calls and emails, they were able to get everything processed fairly quick! Let’s just say, we could’ve funded and moved into the house a week earlier than expected, BUT, Risha got us a better interest rate at the last minute. Before we went to the title company to sign all the final docs, Risha met with us one more time to go over the final numbers, what we should expect, where the numbers came from, etc. This was definitely VERY nice of her to take time and do that for us since we were a little overwhelmed with everything. After meeting with her, the overwhelming emotions turned into pure excitement! Two days later, Risha calls to congratulate us on our first home!
We can’t thank Risha enough for making this an easy, enjoyable, and educational process. We HIGHLY recommend her services if you’re looking to get into your first home or your 2^nd, 3^rd or 4^th home. She’s extremely knowledgeable and has a passion for customer service and excellence!