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Wednesday, December 26, 2012 - 10:15 PM

Stay AWAY, FAR AWAY For Real Estate Loans

Bank of Internet USA (2 stars)
I have done numerous real estate loans and refinances over the years with no problems and every loan I have done always closed within 30 days.  My recent Refi with this outfit took over 45 days (I have FICO over 820 and over 60% equity in the property!).  It was an awful experience that was handled by very incompetent people.

I finally got the loan closed by emailing some higher ups in the company and just attached a series of emails I received from the processor which showed how incompetent she was.

Yes, I got a great rate with lower than typical fees but next time I will pay a little more for competent service.  Surprised that Costco has them as a recommended company, shame on you Costco!
4
nucgalnucgal1 posts since
Dec 26, 2012
Rep Points: 4
Avoid Bank of Internet for real estate loans
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