Simplist connects borrowers to multiple lenders, including some of the largest online mortgage companies, to help them find the mortgage that best suits their needs. At present, the company offers fixed-rate loans with terms of 10, 15, 20, 25, and 30-year terms. The company also offers adjustable-rate loans but doesn't disclose adjustable mortgage terms on its website. But the benefit of finding a mortgage through a marketplace is that borrowers typically are presented with a wider variety of options than they might have by working with a direct lender. Simplist also offers government-guaranteed VA and FHA loans, which may provide qualified homebuyers the opportunity to purchase a home with a low down payment or no down payment at all.

Simplist's website lives up to its name: it's pretty simple to understand. The company's FAQ section is comprehensive enough to answer the questions most people will have about working with a mortgage marketplace. It's a great place to start when trying to learn about loan options through Simplist. The company also publishes a blog where borrowers can learn about the basics of home buying and mortgage lending. If you're an inexperienced buyer, you may want to start with the mortgage glossary Simplist has put together. Simplist has an interactive mortgage payment calculator that allows borrowers to get estimated rates under a wide range of purchase scenarios. Simply enter your property location, its purchase price, and the amount of your down payment in the online form and the tool will return estimated payments under various interest rates. Once you apply for a mortgage, see offers, choose a lender and loan type, and are approved for the mortgage of your choice, Simplist encourages borrowers to lock down the offer. Locking down guarantees your rate won't change as you go through the closing process. Lock downs last for 30 days, but if your closing takes longer than expected, you can typically extend the lock for an additional 60 days.

Simplist is a mortgage marketplace and does not set credit, income, or other qualification standards for borrowers. Rather, they're set by the individual lenders that Simplist works with. The company states that most of its lenders require a modest credit rating of 620, but allows that they can often help people who have slightly lower scores find a loan.

Simplist earns an A- rating from the Better Business Bureau. The company is not yet rated by Trustpilot. There is one regulatory action against Simplist registered with the Nationwide Mortgage Licensing System. The company has a clean record with the Consumer Financial Protection Bureau.