Jason
Morristown,#2UPDATE EX-employee responds
Thu, September 22, 2005
Why did you need two appraisals? Was your home value over a certain amount? These are rare - especially in a place like Champion Mortgage which deals with the sub-prime market. Typically, someone with an expensive home that requires two appraisals has decent credit. With all do respect, it was impossible to follow anything you were saying because your writing skills are lacking any coherence. Try typing in Microsoft Word, spell checking, and the pasting. Finally, if you do a search for Champion, you come up with about 6 threads. Not too bad considering they fund around 15,000 loans per year. Do a search for Ameriquest, it is ridiculous how many there are.
Jeffrey
Westampton,#3Consumer Suggestion
Thu, September 08, 2005
Warren, It may be direct lenders like Ameriquest and Champion, banks that are not upfront or even Brokers who promise the world. Consumers have to understand the mortgage world more thoroughly than they do. I am a branch manager of a mortgage bank/broker and have seen promises made through out my career by other brokers and direct lenders that cannot be met. I am curious as to what your situation was at the time in terms of what type of loan you were looking to recieve and what type of property and income specifications there were. I would also be curious as to what out of pocket expenses were incurred. I sypathize with your situation, but I also understand that there may have been a situation where they truly could not handle your loan. The problem is with the hope that they gave you and than took away at the blink of an eye. Bad business!!!