What lenders have you heard negative reviews from?

Question

So many lenders right now, is there a list of bad lenders?

Steve K. · Answer

Any of the big national ones or "internet lenders". Go with a local lender.

Erik Estrada · Answer

I would not say there is a bad lender, but rather the loan officer/account executive at the lender. Many don't pick up the phone past 5pm or before 9am, don't work on the weekends, only push files in and do not really review them, and are difficult to get a hold of.

I would advise working with a mortgage broker instead for a seamless process instead of rolling the dice. You will get a better rate and terms, experience, and a faster closing going wholesale than you would going with a retail lender.

Erik Estrada · Answer

Brokers are also more motivated to get your deal closed than a retail lender. They will tell you from the beginning if a deal can be financed or not. Most brokers will not waste their time going through the whole process only for a loan denial. They are paid per closing, whereas a retail loan officer IS A 9-5 employee most of the time.

David Harlor · Answer

Luis,

You sound like you could benefit from a mortgage broker... like me.

DM me. Happy to help.

Dave Skow · Answer

@Luis Hinestrosa- thanks ....contact your colleagues / friends for lender referals and then contact them with your scenario and questions and then make a decsion ....if a lender knows they have been referred - there is a tendency for them to provide above average pricing and service

Brandon Croucier · Answer

Get on the phones, you'll know who knows what they are talking about when you run a scenario by them..

Glad to connect.

What lenders have you heard negative reviews from?

What lenders have you heard negative reviews from?

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