Complaint / Review
Bank of Internet
Brian Swanson, Avoid this lender, they misrepresent the truth and leave borrowers hanging, even if you have perfect credit scores and great income

I began looking for a takeout loan for my new Tahoe Lakefront home in March. I used RPM Mortgage of Truckee, Katie Rice was the mortgage broker.

My house is valued conservatively in this market at $1,925, 000. My credit score is excellent, high 700s, my husband and I have never had problems borrowing money. Our income is over $30,000 per month, after taxes.

After 7 months of giving hundreds of pages of documents, after Bank of Internet gave us a committment without conditions and instructed our insurance agent to make them loss payee, Brian Swanson killed our loan because our construction lender filed a Notice of Default. The NOD was filed because our construction loan was due and it was taking months and months to take them out.

When the loan fell through with Bank of Internet, my husband and I blogged about how flaky they are.