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This loan officer who works out of his home told us that he coud secure a loan for us although we had been turned down by another bank. He said he had investors that would give us a loan for a home. We went out and put a contract on a home. After three weeks went by and we were two weeks from buying our home, he said there was a problem. We were never told exactly the problem. When we tried to call him; we never would get return calls. We lost the home. When we looked him up for reviews we found others have had the same experience. A horrible experience.
The complaint has been investigated and resolved to the customer’s satisfaction.
So sorry you had to deal with this man. I guess all I can say is loans fall through all the time because I don't know the details of your loan. You are very lucky that he didn't complete the transaction because given the opportunity, he would have swindled you out of thousand at the closing...trust me I know!
In the 10 years or so I have been a REALTOR, I have run into a couple of lenders along the way that have made transactions difficult, but this one takes the cake. I would like to just be able to say that he isn't much of a loan officer and leave it at that, but I think the public deserves to hear the truth. THIS MAN IS A TOTAL LUNATIC. He not only lied and mislead my buyer (whom I had begged to use a lender I could recommend but had been sold a bill of goods by this guy that he was the only lender on earth that could get the loan done, ) he was rude and condescending towards me from the get-go, and he knew nothing about the FHA loan process. From the very beginning he acted strangely and controlling towards me, which was just annoying. When both I and the listing agent balked at being forced to have close somewhere we weren't comfortable with because the lender was dictating that (FYI-lenders don't typically have anything to do with title company selection) and the listing agent was brazen enough to ask for an explanation, Pete exploded on him and it ended up in a screaming match. We had been told all along that all the "bumps" had been smoothed out with financing before we wrote our contract and that we could easily close by the date the lender gave me to write in but likely sooner. But of course, just a week before the closing, I was told to draft up a 3 WEEK EXTENSION and given no reason whatsoever. When I asked for an explanation so that I could try to present this extension to the seller, I was told "because underwriting takes how long it takes." It takes 3 weeks? No. And if you knew it would take 3 weeks Pete, then why did you dictate the closing date as you did? Pete also missed his 2nd and 3rd deadlines (and by missed them I mean to say that he told us he could have X done by X day and then he would just not answer my calls or emails when that deadline approached and then tell my buyer he never said that even though I had it in writing.) So after missing the 3rd one, I sent a polite and professional but firm email telling him that if we missed this next deadline, the seller said he would need to walk and put the house back on the market. And I also reminded him that my buyer had a lot at stake here - he would be losing his earnest money, as well as inspection fees, etc… not to mention the house. And here was his reply- copied and pasted. "Realtors. You're all so ridiculously dramatic. How dare you imply that we're just sitting around here doing nothing and not caring. You clearly know nothing (typical realtor) about mortgaging. Underwriters approve files when they approve them. One can't just pull an approval out of one's ### because some ### realtor wants it. Grow up."
He then went and told my buyer that I had been ugly and unprofessional to him. Good thing I had already forwarded the email to my buyer and my buyer knew me well enough to know that I would never act that way. It got worse from there, but I won't bore you with the details. Let's just way he missed 2 more deadlines after that and was not on speaking terms with anyone involved. He insisted on setting the closing appointments to suit his schedule (also not typical and really rude and controlling) only to have to reschedule those closings 3 times, all due to the fact that he once again did not provide what he needed to by a given deadline. One of the schedule changes came after the title company had stayed late on a Friday, the seller had postponed his family vacation, and my poor buyer had traveled all the way to Austin from Chicago to close. When asked what my buyer was supposed to do with already being in Austin and having no house to live in for the next 6 days, he said for me to figure it out since that was my job, not his. And then as a parting gift, when my client had flown down AGAIN to close, Pete tried to reschedule the closing again less than 12 hours before because he "had another appointment pop up." The end result there is that we just went and signed without him.
Buyers and Realtors BEWARE. This guy is not just unprofessional, he is mean and a full-blown narcissist. Stay away.
I AGREE with everything you've said! I once went to talk with him about a position and his response to me was not only rude but ODD! I just added a complaint to this site about him as I requested that he remove me from his mass emails and rather than his not responding and just removing me he sent a very smart ### response. Emails went back and forth and his final email was entirely sexist.
DO NOT do business with this man!
Agreed. Stay away from this guy. He is not a nice person, period.
Isn't it a shame that this individual is still ALLOWED to work in the mortgage industry. I am totally surprised that his license hasn't been revoked for any or all of the reasons listed above.
I'm not surprised to see so many complaints about this scoundrel. If you believe in karma, google his name. He ran over an 80yr old man and failed to render aid. He was arrested but in true "sneaky pete" fashion charges were dropped because the police botched the investigation. Besides pure evil, he happens to be one of the luckiest SOB'S I've ever had the displeasure to know. Regardless, Pete looks like crap so all the hateful, evil things he's done are catching up with him. His neighbor told me that he's literally hated by everyone in Rollingwood. They were trying to buy him out of his house but he kept upping the price. His house is now in forclosure for the 4th time. I hope the bank finally takes it and he can crawl back under his rock.
It's your prerogative to make a deal with the devil but sometimes the devil needs to be uncloaked. Good job everyone.