We started dealing with this company and at first everything was professional and great then they changed our account manager and the new one leaves without us knowing and could not get any information or call backs for weeks then we get another one and then 2 weeks later we had to start all over again with a fresh one who acts fresh out of college was not trained and after he couldn't answer our questions stopped communicating with us altogether. We find out on our own our loan was dropped and we get the process restarted and doing it OURSELVES and with no help from their loan analysts and processor or the account manager we finally get a construction loan done only to be told we cannot get our draws. We have tried and tried to ask what the procedures are and for help and have gotten NONE! My Advice is to TRY ANYONE ELSE BUT LENDINGHOME!!!! The Account manager after no contact for two weeks told us if we wanted to talk we needed to SCHEDULE an appointment!! We contacted the CEO of the company who at first was telling me how he would make certain this changed but once the loan closed he will not even answer our emails now!! STAY AWAY!!!!!
Lendinghome.com contacted me to provide financing on five rental properties. For each property, I was charged a fee of $199, for a total of $995. Prior to paying this fee, I asked what would happen if the loans weren't made- would I receive a refund? I was assured that I would.
After being told that the closing process is about three weeks long, I moved ahead. It turned out that it took four weeks to even receive the appraisals back. Further, Lendinghome told me to write receipts for rent I'd received to prove that it had come in- how odd and what sort of proof is it if I simply write a receipt?
Further, what was supposed to be an easy process was anything but. Lendinghome ends up asking for much more detail than a regular bank- after all the scanning, faxing, and emailing, my head was spinning.
The worst part? After all that effort, I asked Lendinghome to confirm that if the appraisals came in low and made it so the loans couldn't be made under the original terms, they'd refund my money in full. The representative(Stephen Herbert) assured me that they would. But surprise! The appraisals came in low, the loans couldn't be made, and Stephen said they couldn't refund my money because they'd spent so much on the appraisals.
To cap it off, he said now I have five appraisals worth $450 each. The appraisals were so bad, they wouldn't even be useful as toilet paper. A simple test for insanity- anyone willing to pay more than a penny for these appraisals would clearly be insane.
WARNING! Do not work with Lendinghome- what they tell you isn't always true, and when dealing with your personal finances, an honest and open counterparty is of paramount importance.
Thank you for bringing the issue to our attention. We value your feedback and believe we have already resolved this issue. Should you require additional assistance, you can give us a call directly at 844-415-4663. -LendingHome
LendingHome Corporation Reviews
No communication and No Answers to Questions
We started dealing with this company and at first everything was professional and great then they changed our account manager and the new one leaves without us knowing and could not get any information or call backs for weeks then we get another one and then 2 weeks later we had to start all over again with a fresh one who acts fresh out of college was not trained and after he couldn't answer our questions stopped communicating with us altogether. We find out on our own our loan was dropped and we get the process restarted and doing it OURSELVES and with no help from their loan analysts and processor or the account manager we finally get a construction loan done only to be told we cannot get our draws. We have tried and tried to ask what the procedures are and for help and have gotten NONE! My Advice is to TRY ANYONE ELSE BUT LENDINGHOME!!!! The Account manager after no contact for two weeks told us if we wanted to talk we needed to SCHEDULE an appointment!! We contacted the CEO of the company who at first was telling me how he would make certain this changed but once the loan closed he will not even answer our emails now!! STAY AWAY!!!!!
Lendinghome.com contacted me to provide financing on five rental properties. For each property, I was charged a fee of $199, for a total of $995. Prior to paying this fee, I asked what would happen if the loans weren't made- would I receive a refund? I was assured that I would.
After being told that the closing process is about three weeks long, I moved ahead. It turned out that it took four weeks to even receive the appraisals back. Further, Lendinghome told me to write receipts for rent I'd received to prove that it had come in- how odd and what sort of proof is it if I simply write a receipt?
Further, what was supposed to be an easy process was anything but. Lendinghome ends up asking for much more detail than a regular bank- after all the scanning, faxing, and emailing, my head was spinning.
The worst part? After all that effort, I asked Lendinghome to confirm that if the appraisals came in low and made it so the loans couldn't be made under the original terms, they'd refund my money in full. The representative(Stephen Herbert) assured me that they would. But surprise! The appraisals came in low, the loans couldn't be made, and Stephen said they couldn't refund my money because they'd spent so much on the appraisals.
To cap it off, he said now I have five appraisals worth $450 each. The appraisals were so bad, they wouldn't even be useful as toilet paper. A simple test for insanity- anyone willing to pay more than a penny for these appraisals would clearly be insane.
WARNING! Do not work with Lendinghome- what they tell you isn't always true, and when dealing with your personal finances, an honest and open counterparty is of paramount importance.
Thank you for your feedback
Thank you for bringing the issue to our attention. We value your feedback and believe we have already resolved this issue. Should you require additional assistance, you can give us a call directly at 844-415-4663. -LendingHome