Now and again we all run across Loan Officers who don't always do the right thing. The good thing - they are farther and fewer between than years past. Still - sometimes they are out there. Waiting - lurking - preying on Buyers who don't know any better.
Mine was one who has an extremely high "Processing Fee". Now I know we all have to make money. But padding fees is something I am not crazy about
and won't tolerate.
Of course I didn't this huge fee until less than 24 hours before settlement when the Final Hud arrives in my In-box. I call the Loan Officer; only to get his voicemail. Surprising huh?
So I email him and ask for an explanation. I got some song and dance that made no sense and then; without argument; he "gave them" a $100 credit. WOW - such generosity! There was at least another $200 there that was uncalled for.
Of course when this Loan Officer may not realize is this: His card was deleted from Virtual Rolodex. Just think; he made a couple extra bucks; only to lose a referral partner.
I won't let any of my clients or customers deal with someone who "pads" their costs so blatantly.
Contact James Downing of the Downing Real Estate Team, if you are selling, buying or have questions!
Office: 202-362-5800 Cell: 703.244.3971
Licensed in Washington DC, Virginia & Maryland.
Coldwell Banker Residential Brokerage - Chevy Chase
5028 Wisconsin Ave NW Suite 100 * Washington DC 20016
;)
;)
Good for you Jim, I am also in the business of looking out for my client. I can't stand snakes in the grass. Not only would I delete him from my rolodex, but all my co-workers and colleagues would be sure to hear about it.