Mortgage Broker flamed me....

[Mackie2k]

OK here's the info:

Got a Broker's name from a friend. Been on and off talking for a couple years, but nothing serious.

Recently I started looking for homes and found one really fast. This broker got me pre-approved and a "basic" GFE so I could have an idea of what my payment would be.

The GFE wasn't adding up and I had some questions, but he always brushed them off with "It's not final, we'll work all that out, don't worry". Well I did worry, so I showed them to a couple friends who are in the industry.

They said I was getting ripped off on the backend and he was trying to make extra money off me cause I'm a mortgage newb. They also said the paperwork was wrong, taxes were done incorrectly, and the GFE date was from 2007 making it invalid anyways.

So at the same time, I get pre-approved with a friends company, saved $100+ per month on my payment and a bunch of out of pocket expenses went down.

I sent the original Broker an email cause I was in meetings all day letting him know that I wouldn't be continuing my business with him, I decided to work with a friend who I felt more confortable with.

He then FLAMES me for basically stringing him along and not letting him counter this offer I received, using him as a "Widget", basically a nice "F*** off" at the end, with my Realtor CC'd, who is friends with him.

Immediately my Realtor called (she was aware the day before I was going to switch) and apologized for his complete lack of professionalism, saying how she couldn't believe he did this, blah blah.

Was I wrong here? Did I violate some ethical code of conduct here? I believe, if you can find a better deal, take it. To me, it's no different than buying a Car......if you can't provide your best price/service the first time, I won't give you a second chance.

Cliffs:

- Worked with a Lender via email
- His GFE was iffy
- Friend hooked me up with a good broker
- Original Broker got pissed, and flamed me in email cause I wouldn't let him counter the offer
- Mackie2k saved $100 a month and bought himself a nice BBQ

 

[Barfo]

Meh, since you only communicate with him through email, block him and you're done.

 

[PricklyPete]

You did not do anything wrong in my opinion...and I generally tend to be over-cautious with this stuff. The fact that the realtor called you so quickly should validate the fact that your actions were fine.

 

[ViperVin2]

Definitely not wrong and did everything fine. Remember... you are spending serious money here and everyone is working for you! Don't let the feelings of others get in your way.

 

[olds]

You lucked out. You found out he was an ass before you made a deal with him. Blow it off.

 

[Howard]

The part that I consider unethical is your showing his price to another interested party. That said, his conduct would lead me to feel no remorse.

 

[Eli]

The guy is a douche, you did nothing wrong.

 

[Eli]

Originally posted by: Howard
The part that I consider unethical is your showing his price to another interested party. That said, his conduct would lead me to feel no remorse.

Seriously? Huh?

I'd post the offer I was getting in every newspaper in town, and ask if anyone can beat it. How in the hell is that unethical?

 

[Mackie2k]

Originally posted by: Howard
The part that I consider unethical is your showing his price to another interested party. That said, his conduct would lead me to feel no remorse.

Yeah I don't quite understand this. It's not like a secret ninja purchase.

The GFE shows the purchase and what he is doing. If he can't stand by it, don't send it out.

I didn't use it as a bargaining chip with other lenders, I just had friends review it.....and big flags were raised immediately.

 

[Ns1]

who gives a fuck anymore, delete his email and move on

 

[OCGuy]

Im in the business, and you did the right thing.


Shady people like that give the industry a bad name.


Glad you worked yourself a better deal. :thumbsup:

 

[PricklyPete]

Originally posted by: Mackie2k
It's not like a secret ninja purchase.

Awesome...I want to do one of these.

 

[mugs]

I don't like to waste people's time if I'm not going to use them to do work, but I also don't like being screwed. If someone gave me an absurdly high price, I wouldn't give them the opportunity to counter-offer.

Example: I had a plumber quote me $4250 to do some work. I have another plumber who will do it for $1500-2500. I'm not going to give the first plumber the opportunity to counter-offer. I have not told the first plumber that I'm going with the other guy yet. Now, I have a question about the work that I'd like to have answered, but the second plumber is on vacation. I could call the first plumber and get him to come out and answer the question, because he thinks he still doing the work. I will not do that, because THAT would be an asshole thing to do.

 

[Eli]

Originally posted by: mugs
I don't like to waste people's time if I'm not going to use them to do work, but I also don't like being screwed. If someone gave me an absurdly high price, I wouldn't give them the opportunity to counter-offer.

Example: I had a plumber quote me $4250 to do some work. I have another plumber who will do it for $1500-2500. I'm not going to give the first plumber the opportunity to counter-offer. I have not told the first plumber that I'm going with the other guy yet. Now, I have a question about the work that I'd like to have answered, but the second plumber is on vacation. I could call the first plumber and get him to come out and answer the question, because he thinks he's still doing the work. I will not do that, because THAT would be an asshole thing to do.

Ah, yeah. I would agree with that.

 

[gooseman]

No different than buying a car. If the first asshat can't give you his best deal off the bat then tell him to fuck off. Some people (me included) don't like to play those games. I'll find someone who I think is giving me a fair shake.

 

[DayLaPaul]

Maybe he should have came at you with his best deal instead of trying to get you to bite on his shitty one first.

 

[imported_Mike]

That toolbag can screw off, brokers are a dime a dozen at least out here. Unfortunatly that means most of them are tools.

 

[LilPima]

Spread the word, see if there is a mortgage broker rating website and flame *him*. Kill his business for his lack of professionalism, common sense, and the inability to control his temper. Post on forums such as this detailing your situation, also financial forums, but include his full name and business phone number. Consider the lesson taught.

Also, good thing you didn't wind up going with him.

 

[Sea Moose]

Originally posted by: Mackie2k


Got a Broker's name from a friend. Been on and off talking for a couple years, but nothing serious.

Are you dating or is he a broker?

 

[Blieb]

Yelp.com ... FUCK him!

If you signed a contract ... that's one thing ...

I will say that our GFE didn't "add up" but it was just a prelim. They were just waiting on final payoff #'s to put it in. All the other info was right.

I really don't like mortgage brokers. I realize they can get you a good deal, but if you pay the point to a lender, you can cut the rate about the same, and won't have to deal with some chump ass mortgage company until they sell your shit.

 

[da loser]

he's probably pissed because he wasted time on you for years and got paid $0

 

[grohl]

It's business, plain and simple.

 

[Bateluer]

I see nothing wrong with what you did.

Maybe he didn't take you seriously because you conversed in email and not in person?

 

[geno]

Originally posted by: da loser
he's probably pissed because he wasted time on you for years and got paid $0

Well maybe he can take that as a lesson. If he addressed the OP's issues and didn't make him feel like he was being brushed off, he would have earned his business instead of utterly failing to do so. His reaction after the fact pretty much proves he didn't deserve it in the first place.

 

[dabuddha]

Meh do you care? You got a better deal from someone else. The most I'd do is send him an email letting him know that you got tired of not getting clear answers and therefore, you went with a more reputable person. Then tell him good day and don't respond to any more emails from him.