MortgagesUndressed

If you are a rip off artist loan officer you better hope your borrowers don’t find this website. They will learn to watch out for you. They will learn to look up what is written about you on blogs. You also better hope I don’t get the proof you ripped someone off because I will report it, you, and the facts.

Last night at 9:30 I received a call from a person in a state of panic. Closing is next week. The Good Faith said they needed A little over $4000 for closing. The closing papers arrived yesterday, they now need over $11,000.00. I told them to give the lender a chance to fix the problem, if they don’t we will report every single fact: names, company, everything.

I did go look at the closing papers. The loan officer is trying to make $10,000 on this deal. $6500 in rebate. If that holds up as to what is truly being sought after by this loan officer, she is a rip off artist and you will know her name one day.

Loan officers, you don’t deserve a $10,000 fee on a stated income 692 middle FICO score borrower. You just don’t. It is abuse.
I did a search on Technorati and don’t find one posting with the loan officers name. If the facts are as they seem, the name may appear soon for all the world to see.

This brings up another point. Go to the blogosphere, see what is written about people you are about to do business with. Write about your bad experiences.

We recommend it.

After all, we are about transparancy. We are a consumer advocate site.

Larry Cragun