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Is your lender a responsible organization? - Personal info found in trash

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Mortgage and Lending with NMLS# 335055 335055

http://abclocal.go.com/ktrk/story?section=news/local&id=6724615

 

Some Baytown homeowners are concerned after they discovered that boxes filled with documents containing their personal information, including names and Social Security numbers, had just been tossed in the trash.

 

I can only cringe.... I know outfits like this still exist. Thankfully this one went out of business.

And do I even need to say it? These applications were taken by Royce Homes. <= I don't know about you but if I were getting a home loan, I would go to a professional loan officer.

These companies who are realtors but can also do your loan and even sign you up for credit repair or even get you a loan modification..... (I wonder if they do windows)..... Are not professional loan officers. It is hard enough keeping up with my piece of the pie that I wouldn't dare try and be a realtor too.... or offer all kinds of side services. 

And the more astute buyers should be able to recognize that a professional loan officer will be good enough to make a living doing just loans. There are lots to go around right now... Biz is good!!

 

Don't forget about the First Time Homebuyer Tax Credit. This is not a loan.... but a tax free grant!!

 

Tom Burris
DallasLoanGuy.com

Dallas, TX

"Your Dallas Mortgage Consultant"

http://www.dallasloanguy.com/
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I write about Texas Home Loans , live in the Dallas, TX area and lend across the entire Great State of Texas!! Subscribe to My Blog and stay informed about current lending changes!!

 

While I personally focus on Texas Home Loans and First Time Home Buyers.... I do lend in other areas.

Comments(5)

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Marchel Peterson
Results Realty - Spring, TX
Spring TX Real Estate E-Pro

Tom, That does make me cringe, especially since we bought a Royce home years ago.  They however did not do our home loan.  I was not thrilled about our builder doing the loan and that was before I even got in to real estate.

Mar 24, 2009 02:30 PM
Mike Jones
SUNSTREET MORTGAGE, LLC (BK-0907366, NMLS 145171) - Tucson, AZ
Mike Jones NMLS 223495

Tom,

I know you're going to have a great day.  A successful day!  You're a pro, and people like us get it done!

Mike in Tucson

Mar 24, 2009 11:33 PM
Rebecca Levinson, Real Estate Marketing and Online Advertising Consultant
Real Skillz-Clear Marketing for Your Real Estate Vision - Lake Geneva, WI

Tsk, Tsk...how much money does it cost to buy a shredder? really?  Good grief.

Mar 25, 2009 07:44 AM
Tom Burris
NMLS# 335055 - Baton Rouge, LA
Texas/Louisiana Mortgage Pro - 13 YRS Experience

Marchel,

They might have a couple of decent loan officers.

But I have heard too many stories. Good for you in getting your own lender.

 

Mar 25, 2009 08:24 AM
Colleen Craig
Southern California Mortgage Professional - Santa Clarita, CA
The Mortgage Ninja

OMG I was just working on a blog about this!  Many years ago when i was helping a friend clean out her home office, I heard her ask her manager for the name of a place  where she  could get boxes and boxes of files shredded?  He actually said, just put them all in a black trash bag and throw them in the dumpster!   I was mortified.  This was a HUGE company!  And since then, I've found many loan officers that don't have their laptops password protected - and I personally have had my laptop stolen in the past, but I can sleep b/c I know all my clients info is protected.  It's something I'm going to make a point - of pointing out in the future b/c most people assume their info is protected! 

Great to bring this to peoples attention Tom!

Jun 30, 2009 12:13 PM