Problems With My Loan Broker

[meadandale]

http://en.wikipedia.org/wiki/Truth_in_Lending_Act

The Truth in Lending disclosure document (i.e. good faith estimate) is one of the first things you should have gotten from your broker, especially if they’ve already ‘found’ you a loan product.

You are 3 weeks into the lending process and a week from closing escrow and your broker hasn’t even disclosed the terms of the loan? Has she even locked your rate?

I’d fire her immediately and consider contacting the attorney general..but that’s just me. No house is worth getting screwed over for. It could end up costing you alot of money beyond the broker fees.

[KPP]

wow, thank you for that meadandale, very useful information for someone in my boat.

this is only my 2nd time buying a home. the first time was in vegas, and it was such a breeze to get a loan. they ran my credit then BOOM! i had a loan. this was back then, and i’m aware that lending practices have become more stringent.

i think i’m going to take a couple points of advice, getting the documents i deserve and trying to finish this out. if not, i suppose as a last resort, i can finish directly with citibank. i’m sure i can find another home if this doesn’t work out, and like other posts have said, maybe it is a blessing in disguise for me to get a better deal.

thanks again everybody

[KPP]

wow, thank you for that meadandale, very useful information for someone in my boat.

this is only my 2nd time buying a home. the first time was in vegas, and it was such a breeze to get a loan. they ran my credit then BOOM! i had a loan. this was back then, and i’m aware that lending practices have become more stringent.

i think i’m going to take a couple points of advice, getting the documents i deserve and trying to finish this out. if not, i suppose as a last resort, i can finish directly with citibank. i’m sure i can find another home if this doesn’t work out, and like other posts have said, maybe it is a blessing in disguise for me to get a better deal.

thanks again everybody

[KPP]

wow, thank you for that meadandale, very useful information for someone in my boat.

this is only my 2nd time buying a home. the first time was in vegas, and it was such a breeze to get a loan. they ran my credit then BOOM! i had a loan. this was back then, and i’m aware that lending practices have become more stringent.

i think i’m going to take a couple points of advice, getting the documents i deserve and trying to finish this out. if not, i suppose as a last resort, i can finish directly with citibank. i’m sure i can find another home if this doesn’t work out, and like other posts have said, maybe it is a blessing in disguise for me to get a better deal.

thanks again everybody

[KPP]

wow, thank you for that meadandale, very useful information for someone in my boat.

this is only my 2nd time buying a home. the first time was in vegas, and it was such a breeze to get a loan. they ran my credit then BOOM! i had a loan. this was back then, and i’m aware that lending practices have become more stringent.

i think i’m going to take a couple points of advice, getting the documents i deserve and trying to finish this out. if not, i suppose as a last resort, i can finish directly with citibank. i’m sure i can find another home if this doesn’t work out, and like other posts have said, maybe it is a blessing in disguise for me to get a better deal.

thanks again everybody

[KPP]

wow, thank you for that meadandale, very useful information for someone in my boat.

this is only my 2nd time buying a home. the first time was in vegas, and it was such a breeze to get a loan. they ran my credit then BOOM! i had a loan. this was back then, and i’m aware that lending practices have become more stringent.

i think i’m going to take a couple points of advice, getting the documents i deserve and trying to finish this out. if not, i suppose as a last resort, i can finish directly with citibank. i’m sure i can find another home if this doesn’t work out, and like other posts have said, maybe it is a blessing in disguise for me to get a better deal.

thanks again everybody

[HLS]

KPP,,
You want some help TONIGHT ??
email me your phone number to [email protected]

How on earth can you even WANT to continue to work with someone like this??

She never told you rate or fees ??
She might have just done you a favor.

[HLS]

KPP,,
You want some help TONIGHT ??
email me your phone number to [email protected]

How on earth can you even WANT to continue to work with someone like this??

She never told you rate or fees ??
She might have just done you a favor.

[HLS]

KPP,,
You want some help TONIGHT ??
email me your phone number to [email protected]

How on earth can you even WANT to continue to work with someone like this??

She never told you rate or fees ??
She might have just done you a favor.

[HLS]

KPP,,
You want some help TONIGHT ??
email me your phone number to [email protected]

How on earth can you even WANT to continue to work with someone like this??

She never told you rate or fees ??
She might have just done you a favor.

[HLS]

KPP,,
You want some help TONIGHT ??
email me your phone number to [email protected]

How on earth can you even WANT to continue to work with someone like this??

She never told you rate or fees ??
She might have just done you a favor.

[Raybyrnes]

Faxes can be problematic and frustrating for both you and her. See if she can’t email it to you. That should eliminate the problem. You are in the middle of a month so that works in your favor. There should be more people available to assist with processing.

To me there seems to have been a break down far earlier in the process. If you did a good job selecting your broker and you understood exactly what their role was going to be and what you could anticipate from them then you would not have so many questions to ask at this point.

For other posters who talk about what the broker is going to make. What do you know? you don’t have their commission or Profit and Loss Statements. So maybe this is a loss leader at this point.

Not to be rude to you KPP but ther are customers who bring a lot of anxiety to the table and a professional who has been doing there job for a long time and is extremely reputable doesn’t always want to be selling. They want to go out find a competitive lender get you the best rate and get things closed.

If this broker did not come referred, simply promised the best rate and you went them because of a rate, or some type of giveback then I would be skeptical.

If the broker were writing the post about you how would it go. There are always 3 sides to the story. Your side, her side and the real side.

[Raybyrnes]

Faxes can be problematic and frustrating for both you and her. See if she can’t email it to you. That should eliminate the problem. You are in the middle of a month so that works in your favor. There should be more people available to assist with processing.

To me there seems to have been a break down far earlier in the process. If you did a good job selecting your broker and you understood exactly what their role was going to be and what you could anticipate from them then you would not have so many questions to ask at this point.

For other posters who talk about what the broker is going to make. What do you know? you don’t have their commission or Profit and Loss Statements. So maybe this is a loss leader at this point.

Not to be rude to you KPP but ther are customers who bring a lot of anxiety to the table and a professional who has been doing there job for a long time and is extremely reputable doesn’t always want to be selling. They want to go out find a competitive lender get you the best rate and get things closed.

If this broker did not come referred, simply promised the best rate and you went them because of a rate, or some type of giveback then I would be skeptical.

If the broker were writing the post about you how would it go. There are always 3 sides to the story. Your side, her side and the real side.

[Raybyrnes]

Faxes can be problematic and frustrating for both you and her. See if she can’t email it to you. That should eliminate the problem. You are in the middle of a month so that works in your favor. There should be more people available to assist with processing.

To me there seems to have been a break down far earlier in the process. If you did a good job selecting your broker and you understood exactly what their role was going to be and what you could anticipate from them then you would not have so many questions to ask at this point.

For other posters who talk about what the broker is going to make. What do you know? you don’t have their commission or Profit and Loss Statements. So maybe this is a loss leader at this point.

Not to be rude to you KPP but ther are customers who bring a lot of anxiety to the table and a professional who has been doing there job for a long time and is extremely reputable doesn’t always want to be selling. They want to go out find a competitive lender get you the best rate and get things closed.

If this broker did not come referred, simply promised the best rate and you went them because of a rate, or some type of giveback then I would be skeptical.

If the broker were writing the post about you how would it go. There are always 3 sides to the story. Your side, her side and the real side.

[Raybyrnes]

Faxes can be problematic and frustrating for both you and her. See if she can’t email it to you. That should eliminate the problem. You are in the middle of a month so that works in your favor. There should be more people available to assist with processing.

To me there seems to have been a break down far earlier in the process. If you did a good job selecting your broker and you understood exactly what their role was going to be and what you could anticipate from them then you would not have so many questions to ask at this point.

For other posters who talk about what the broker is going to make. What do you know? you don’t have their commission or Profit and Loss Statements. So maybe this is a loss leader at this point.

Not to be rude to you KPP but ther are customers who bring a lot of anxiety to the table and a professional who has been doing there job for a long time and is extremely reputable doesn’t always want to be selling. They want to go out find a competitive lender get you the best rate and get things closed.

If this broker did not come referred, simply promised the best rate and you went them because of a rate, or some type of giveback then I would be skeptical.

If the broker were writing the post about you how would it go. There are always 3 sides to the story. Your side, her side and the real side.

[Author]

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