- Report: #325308
Complaint Review: Top Dot Mortgage - Calabasa California
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Top Dot Mortgage
4500 Park Granada Calabasa, 91302 California, U.S.A.
Phone:
949-474-7279
Web:
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Top Dot Mortgage The good old bait and switch CalabasaCalabasa California
Like many other unfortunate customers that have encountered the sharks of the mortgage companies, I encountered this one, when my family needed help the most. This company and it's "sales" employees like to get you into a mortgage application as soon as possible, eliminating any chance that you will go with someone else by scheduling an appraisal almost the first day. Of course this appraisal is out of your pocket, but goes to them. While they are waiting on the appraisal, they ping your credit about 8 times, effectively lowering your score, enabling them to boost your interest rate if you are lucky enough to get a mortgage, and also eliminating you and your appraisal fees if you aren't a perfect FICA score. By going to this company and their pinging my credit score 8 times, i dropped over 100 points off my FICA. How do i know this....I checked my score before i even began the process and monitored who was checking my credit as I went. This people are sheisters, and are only out for one thing...your money and the fees they get from processing your "perfect" application.
Dennis
Oregon City, Oregon
U.S.A.
Dennis
Oregon City, Oregon
U.S.A.
2 Updates & Rebuttals
Chris Meyer
Hicksville,New York,
U.S.A.
Your a little uneducated
#2Consumer Comment
Tue, October 21, 2008
The government passed a law years ago called the Fair Credit Report Act. This allows unlimited mortgage companys to pull your fico within a 30 day span and having it not affect inquies. also a single company isnt capible of pulling a trimerge more than once a month. and on top of that topdot is in the area of fha loans, witch do not base intrest rates on credit score.
Thetruth
Capistrano Beach,California,
U.S.A.
misinformed
#3Consumer Suggestion
Mon, August 11, 2008
It seems that Top Dot actually lost money dealing with you. They had an appraisal done so the appraiser got paid not Top Dot. They also spent money pulling your credit and having their employees work on your loan. This mortgage market is tough and a lot of people get turned down, but there would be no financial incentive for top dot to run your credit, order an appraisal, work on your loan, and then turn it down. Also 8 inquiries from a mortgage company wouldnt drop your fico score 100 points. Not even close actually.
