I am a loan officer and recently in July I decided to work at Quick Loan Funding. I took their training, and got to say they have a very unique way of looking at consumers. After completing the course, I then decided after only a few days that I could not operate in this manner.
They first off tell everyone they are approved. The object is to get the money for the appraisal then they of course, feel you are hooked as you p aid $475 for an appraisal non refundable. The rates are outragous and they never quote it until after you paid them the money on your credit card is their preference. You can ask till uou are blue in the face and they won't quote a rate. The agents there are not licensed. I trained with agents who were personal trainers, sold cars at Fletcher Jones Mercedes, and frankly was the only one there who knows loans and is regulated by the Dept of Real Estate. I could not work there and it took me going to the Labor Board to get the hourly wages I eared while training.
There is no need to pay their outragous rates and lender fees.
They are unethical and care only about the money they are making from you - they go through loan officers like toilet paper and for good reason - you would have to be a snake in the grass to work there.
Stay away from these people. I can tell you what you qualify for and will give you a rate quote and my appraiser is honest and charges less then these fools!
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