Anyone dealt with a company LOANGUYS?

41 Replies

Promotion
Innago
Property Management Software
Manage Your Rentals Better For Free. Save Time & Money.
Easily Collect Rent, Screen Tenants, Sign Leases, List Properties, Manage Work Orders, & Much More!
100% Free Try It Now

My name is David Hausner and I recently purchased a Single Family Residence with LoanGuys.com. My account executive was Addison Rosen. She did an amazing job getting me the rental property financing I needed. I bought the property for $350,000 with an existing tenant. The cap rate on the property was a little over 4.5%. LoanGuys did not verify my income. The loan was based on my experience, FICO score, and the asset I was purchasing. They got me the loan in two and a half weeks. There was a little bit of a delay but that was because the appraisal company was backed up. Overall my experience with Addison and the LoanGuys team was easygoing and superb. I would highly recommend this company for investment property financing especially if you have a hard time showing income. I look forward to getting more financing from LoanGuys in the upcoming months. 

Originally posted by @Lex D'Amico :

I just did two deals with them and it was a complete nightmare. I had to switch lenders two weeks before closing because there was no way they were going to close on time. They ended up costing me a few grand, so much wasted time, and the terms are not even close to what they initially told me. I would have bailed on these two deals but the properties were worth it even with these extra costs. I have used 10+ lenders and never had someone drop the ball as they did. Like I said my fault, lesson learned, luckily it cost me more frustration than anything. 

Good afternoon Lex D'Amico, 

This is Matt with LoanGuys.com. I hope you are having a nice and relaxing weekend! My team and I tried looking you up in our Loan Origination System however, we cannot find you in our system. It does not appear that we have done business with you before. Who was your assigned loan officer? This information would help us out greatly. Please let me know if you have any questions. 

Thank you! 

I  reached out to them couple of week ago , thanks for posting this,, didnt release any info, but established connection ..    the guy told me they are a sister company of another big firm (forgot the name)  that they wanted to appeal to this new generations  the terms sound very interesting,, where do you think we can fing more info on them? ..  the guy said they have been in the market for 6 years..

Originally posted by @George Munoz :

I  reached out to them couple of week ago , thanks for posting this,, didnt release any info, but established connection ..    the guy told me they are a sister company of another big firm (forgot the name)  that they wanted to appeal to this new generations  the terms sound very interesting,, where do you think we can fing more info on them? ..  the guy said they have been in the market for 6 years..

Hello Mr. Munoz. My name is Matt and I am a customer representative here at LoanGuys.com. Our parent company is called Legions Capital, Inc. Our company Nationwide Mortgage Licensing System & Registry (NMLS) ID number is 1553947. You can verify us through the following link: https://nmlsconsumeraccess.org...

Our Lender License is issued by the California Department of Financial Protection and Innovation. Our lender license number is 60DBO-64540. You can also verify us via the following link: https://docqnet.dfpi.ca.gov/li...

 Additionally, we are approved with the Better Business Bureau (BBB). We have an A+ Rating with no complaints. You can verify us through the following link: https://www.bbb.org/us/ca/wood...

You can also verify us through the American Association of Private Lenders (AAPL) lender directory https://aaplonline.com/directo... and PrivateLenderLink.com https://privatelenderlink.com/...

Our team has a culmination of over 30 years experience in the mortgage industry. We have funded over 4000 loans nationwide. We are committed to building long-term relationships with our clients. 

Please reach out to us if you have any other questions. 

Originally posted by @Matt Lawrence :
Originally posted by @George Munoz:

I  reached out to them couple of week ago , thanks for posting this,, didnt release any info, but established connection ..    the guy told me they are a sister company of another big firm (forgot the name)  that they wanted to appeal to this new generations  the terms sound very interesting,, where do you think we can fing more info on them? ..  the guy said they have been in the market for 6 years..

Hello Mr. Munoz. My name is Matt and I am a customer representative here at LoanGuys.com. Our parent company is called Legions Capital, Inc. Our company Nationwide Mortgage Licensing System & Registry (NMLS) ID number is 1553947. You can verify us through the following link: https://nmlsconsumeraccess.org...

Our Lender License is issued by the California Department of Financial Protection and Innovation. Our lender license number is 60DBO-64540. You can also verify us via the following link: https://docqnet.dfpi.ca.gov/li...

 Additionally, we are approved with the Better Business Bureau (BBB). We have an A+ Rating with no complaints. You can verify us through the following link: https://www.bbb.org/us/ca/wood...

You can also verify us through the American Association of Private Lenders (AAPL) lender directory https://aaplonline.com/directo... and PrivateLenderLink.com https://privatelenderlink.com/...

Our team has a culmination of over 30 years experience in the mortgage industry. We have funded over 4000 loans nationwide. We are committed to building long-term relationships with our clients. 

Please reach out to us if you have any other questions. 

 Awesome Matt !! Thank you for providing that info!!!    

Originally posted by @Matt Lawrence :
Originally posted by @George Munoz:

I  reached out to them couple of week ago , thanks for posting this,, didnt release any info, but established connection ..    the guy told me they are a sister company of another big firm (forgot the name)  that they wanted to appeal to this new generations  the terms sound very interesting,, where do you think we can fing more info on them? ..  the guy said they have been in the market for 6 years..

Hello Mr. Munoz. My name is Matt and I am a customer representative here at LoanGuys.com. Our parent company is called Legions Capital, Inc. Our company Nationwide Mortgage Licensing System & Registry (NMLS) ID number is 1553947. You can verify us through the following link: https://nmlsconsumeraccess.org...

Our Lender License is issued by the California Department of Financial Protection and Innovation. Our lender license number is 60DBO-64540. You can also verify us via the following link: https://docqnet.dfpi.ca.gov/li...

 Additionally, we are approved with the Better Business Bureau (BBB). We have an A+ Rating with no complaints. You can verify us through the following link: https://www.bbb.org/us/ca/wood...

You can also verify us through the American Association of Private Lenders (AAPL) lender directory https://aaplonline.com/directo... and PrivateLenderLink.com https://privatelenderlink.com/...

Our team has a culmination of over 30 years experience in the mortgage industry. We have funded over 4000 loans nationwide. We are committed to building long-term relationships with our clients. 

Please reach out to us if you have any other questions.

Matt that is the NMLS number for the company not for you personally sounds like your a VA or something not a licensed lender.. Just sayin.

Originally posted by @Matt Lawrence :
Originally posted by @Jay Hinrichs:
Originally posted by @Matt Lawrence:
Originally posted by @George Munoz:

I  reached out to them couple of week ago , thanks for posting this,, didnt release any info, but established connection ..    the guy told me they are a sister company of another big firm (forgot the name)  that they wanted to appeal to this new generations  the terms sound very interesting,, where do you think we can fing more info on them? ..  the guy said they have been in the market for 6 years..

Hello Mr. Munoz. My name is Matt and I am a customer representative here at LoanGuys.com. Our parent company is called Legions Capital, Inc. Our company Nationwide Mortgage Licensing System & Registry (NMLS) ID number is 1553947. You can verify us through the following link: https://nmlsconsumeraccess.org...

Our Lender License is issued by the California Department of Financial Protection and Innovation. Our lender license number is 60DBO-64540. You can also verify us via the following link: https://docqnet.dfpi.ca.gov/li...

 Additionally, we are approved with the Better Business Bureau (BBB). We have an A+ Rating with no complaints. You can verify us through the following link: https://www.bbb.org/us/ca/wood...

You can also verify us through the American Association of Private Lenders (AAPL) lender directory https://aaplonline.com/directo... and PrivateLenderLink.com https://privatelenderlink.com/...

Our team has a culmination of over 30 years experience in the mortgage industry. We have funded over 4000 loans nationwide. We are committed to building long-term relationships with our clients. 

Please reach out to us if you have any other questions.

Matt that is the NMLS number for the company not for you personally sounds like your a VA or something not a licensed lender.. Just sayin.

Hello Jay. 

As I mentioned in my previous responses to this thread, I am employed by LoanGuys as a customer service representative. I do not personally originate loans. LoanGuys has a team of loan officers that help borrowers with their financing needs. LoanGuys is a direct lender. My last response to Mr. Munoz was beyond thorough in explaining our credentials. 

Matt Lawrence

Customer Service Representative 

not to be picky but you as a non licensed employee I don't believe can quote rates like you did in this thread that's a violation I could be wrong but again just sayin.. 

loanguys.com are criminals.  they delay delay delay, then lie, then add hidden fees right before closing.  they told us the borrower is not allowed to choose a title company we have to use theirs.  then theirs charges 1000s in extra fees.  Dont believe Morris, Edan and Stephanie

Originally posted by @Jerry Brecko :

loanguys.com are criminals.  they delay delay delay, then lie, then add hidden fees right before closing.  they told us the borrower is not allowed to choose a title company we have to use theirs.  then theirs charges 1000s in extra fees.  Dont believe Morris, Edan and Stephanie

Good evening Jerry, 

I was notified by my operations manager that LoanGuys funded your loan a few days ago. Congratulations on your closing with LoanGuys! We are sorry about any inconvenience that you may have experienced. I would like for you to know that my team worked around the clock to get your deal to close and we finally did it! As far as title is concerned, our clients are free to choose any title company that they would like. We do not require you to use our affiliate title companies but we do recommend certain title companies for faster closings. 

Lastly, fees are always disclosed upfront. We do not change fees or terms unless your appraisal happens to come in lower than the purchase price or the market rent comparables come in lower than expected. This can slightly affect the LTV or interest rate because your loan is based on the income of property therefore we need to make sure that your property is debt servicing at our minimum required ratios.

We are introducing new products in September. We hope to hear from you soon and we appreciate your business. Happy profits!! 

Loan guys: the most incompetent group of idiots


Originally posted by @Matt Lawrence :
Originally posted by @Jerry Brecko:

loanguys.com are criminals.  they delay delay delay, then lie, then add hidden fees right before closing.  they told us the borrower is not allowed to choose a title company we have to use theirs.  then theirs charges 1000s in extra fees.  Dont believe Morris, Edan and Stephanie

Good evening Jerry, 

I was notified by my operations manager that LoanGuys funded your loan a few days ago. Congratulations on your closing with LoanGuys! We are sorry about any inconvenience that you may have experienced. I would like for you to know that my team worked around the clock to get your deal to close and we finally did it! As far as title is concerned, our clients are free to choose any title company that they would like. We do not require you to use our affiliate title companies but we do recommend certain title companies for faster closings. 

Lastly, fees are always disclosed upfront. We do not change fees or terms unless your appraisal happens to come in lower than the purchase price or the market rent comparables come in lower than expected. This can slightly affect the LTV or interest rate because your loan is based on the income of property therefore we need to make sure that your property is debt servicing at our minimum required ratios.

We are introducing new products in September. We hope to hear from you soon and we appreciate your business. Happy profits!!