We have warned borrowers and clients for years that loan officers are unlicensed, and that it is very important to work with someone with very strong references. Ask a relative, a friend, a colleague, for the name of someone that they have had a positive loan experience with. Even then, ask the loan officer for additional personal references, and make those calls. It might save you thousands of dollars.
Thankfully, starting January 1, 2007, all loan officers will be licensed by the State of Washington. To give you an idea of just how important that is, read this excellent (it almost hurts to say that) by Elizabeth Rhodes on the demise of Merit Financial where one of the staff mottos was, “we overcharged them because they deserved it”. Nice, huh. Loan officers went from working at Hooters one day, then writing $500,000 loans the next with a total of 2 hours of training.
If you want someone that is honest, dependable, and competitive, call Ron Delfs, owner of Equity Northwest in Redmond: 425-869-1825. You will know right away that you will be dealt with fairly, and professionally.
Share this Post