Problems With My Loan Broker

[meadandale]

@Raybyrnes

The fact that the broker has not yet provided a GFE for the loan and closing 3 weeks into the lending process and a week from close is indefensible regardless of any of your other points.

Respectable people who are still in the industry should take every opportunity to call people like this out–they are the very essence of what has been wrong with the industry over the last several years.

I had a horrible experience with my mortgage broker when I bought my house in 2003. He misrepresented the loan terms in the GFE and I didn’t find out until I was sitting in the escrow office sitting in front of a stack of documents. Knowing what I know now, I’d have walked out and refused to sign. However, at the time I was ‘under’ educated–I knew what I was signing and didn’t like it but didn’t know the ramifications for the sale if I balked at closing. I’d be paying a much lower interest rate if I hadn’t gotten pinned with a 5 year prepay.

Bottom line, I loved my RE agent and highly recommend him but there is a special place in hell for people like my broker. I’d just hate to see someone else get screwed over.

[KPP]

meadandale: thanks for the additional info. i’ll tell her about this and see what she has to say, if she’ll listen

ray: i understand. i have also asked her to fax it to another fax number, which there was no receipt. so i asked her to fax it to kinkos, and it still didnt’ work. i didn’t want to keep pushing it (since i don’t have a backbone). u are also correct in saying there are many sides. i think my problem was not demanding the information i should have received by now. i had spoken with 3 different lenders, and i chose joice on the simple fact that i felt like we “clicked” in our conversation and appeared to be on the same page as me. a friend had suggested using all 3 brokers until i got good faith estimates, but i felt that would take too much time to fax 3 copies of everthing out, so i just ended up with joice. the referred loan broker i did get didn’t speak english that well, and i had a hard time understand her. i know this is wrong, but i didn’t want there to be a misunderstanding down the road.

[KPP]

meadandale: thanks for the additional info. i’ll tell her about this and see what she has to say, if she’ll listen

ray: i understand. i have also asked her to fax it to another fax number, which there was no receipt. so i asked her to fax it to kinkos, and it still didnt’ work. i didn’t want to keep pushing it (since i don’t have a backbone). u are also correct in saying there are many sides. i think my problem was not demanding the information i should have received by now. i had spoken with 3 different lenders, and i chose joice on the simple fact that i felt like we “clicked” in our conversation and appeared to be on the same page as me. a friend had suggested using all 3 brokers until i got good faith estimates, but i felt that would take too much time to fax 3 copies of everthing out, so i just ended up with joice. the referred loan broker i did get didn’t speak english that well, and i had a hard time understand her. i know this is wrong, but i didn’t want there to be a misunderstanding down the road.

[KPP]

meadandale: thanks for the additional info. i’ll tell her about this and see what she has to say, if she’ll listen

ray: i understand. i have also asked her to fax it to another fax number, which there was no receipt. so i asked her to fax it to kinkos, and it still didnt’ work. i didn’t want to keep pushing it (since i don’t have a backbone). u are also correct in saying there are many sides. i think my problem was not demanding the information i should have received by now. i had spoken with 3 different lenders, and i chose joice on the simple fact that i felt like we “clicked” in our conversation and appeared to be on the same page as me. a friend had suggested using all 3 brokers until i got good faith estimates, but i felt that would take too much time to fax 3 copies of everthing out, so i just ended up with joice. the referred loan broker i did get didn’t speak english that well, and i had a hard time understand her. i know this is wrong, but i didn’t want there to be a misunderstanding down the road.

[KPP]

meadandale: thanks for the additional info. i’ll tell her about this and see what she has to say, if she’ll listen

ray: i understand. i have also asked her to fax it to another fax number, which there was no receipt. so i asked her to fax it to kinkos, and it still didnt’ work. i didn’t want to keep pushing it (since i don’t have a backbone). u are also correct in saying there are many sides. i think my problem was not demanding the information i should have received by now. i had spoken with 3 different lenders, and i chose joice on the simple fact that i felt like we “clicked” in our conversation and appeared to be on the same page as me. a friend had suggested using all 3 brokers until i got good faith estimates, but i felt that would take too much time to fax 3 copies of everthing out, so i just ended up with joice. the referred loan broker i did get didn’t speak english that well, and i had a hard time understand her. i know this is wrong, but i didn’t want there to be a misunderstanding down the road.

[KPP]

meadandale: thanks for the additional info. i’ll tell her about this and see what she has to say, if she’ll listen

ray: i understand. i have also asked her to fax it to another fax number, which there was no receipt. so i asked her to fax it to kinkos, and it still didnt’ work. i didn’t want to keep pushing it (since i don’t have a backbone). u are also correct in saying there are many sides. i think my problem was not demanding the information i should have received by now. i had spoken with 3 different lenders, and i chose joice on the simple fact that i felt like we “clicked” in our conversation and appeared to be on the same page as me. a friend had suggested using all 3 brokers until i got good faith estimates, but i felt that would take too much time to fax 3 copies of everthing out, so i just ended up with joice. the referred loan broker i did get didn’t speak english that well, and i had a hard time understand her. i know this is wrong, but i didn’t want there to be a misunderstanding down the road.

[zzz]

FIRE HER! I can’t believe you’d even consider sticking with her. What work has she done? She can’t even fax you terms. She hung up on you? She’s not a professional and she can’t even do the fundamentals of her job. Why on earth would you trust her with your finances and a loan that affects you for years to come. RUN!!

[zzz]

FIRE HER! I can’t believe you’d even consider sticking with her. What work has she done? She can’t even fax you terms. She hung up on you? She’s not a professional and she can’t even do the fundamentals of her job. Why on earth would you trust her with your finances and a loan that affects you for years to come. RUN!!

[zzz]

FIRE HER! I can’t believe you’d even consider sticking with her. What work has she done? She can’t even fax you terms. She hung up on you? She’s not a professional and she can’t even do the fundamentals of her job. Why on earth would you trust her with your finances and a loan that affects you for years to come. RUN!!

[zzz]

FIRE HER! I can’t believe you’d even consider sticking with her. What work has she done? She can’t even fax you terms. She hung up on you? She’s not a professional and she can’t even do the fundamentals of her job. Why on earth would you trust her with your finances and a loan that affects you for years to come. RUN!!

[zzz]

FIRE HER! I can’t believe you’d even consider sticking with her. What work has she done? She can’t even fax you terms. She hung up on you? She’s not a professional and she can’t even do the fundamentals of her job. Why on earth would you trust her with your finances and a loan that affects you for years to come. RUN!!

[vagabondo]

Raybyrnes,

You’re joking…right?

[vagabondo]

Raybyrnes,

You’re joking…right?

[vagabondo]

Raybyrnes,

You’re joking…right?

[vagabondo]

Raybyrnes,

You’re joking…right?

[Author]

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