Quicken Loans Mislead by Quicken Loans Internet

22nd of Nov, 2011 by User976069

Like all of the other unfortunate people on this site, I too was taken advantage of by Quicken Loans. My story is a little different however. My appraisal came back with more than enough value for my loan. Part of the appraisal was to get one of my outbuildings treated for termites ($700.00). Before spending that additional money I verified with the Quicken Loan Specialist both by phone and in writing that everything was good with my loan and I was assured it was. I had the treatment done, and get this, the very next day I was told my loan was denied because the Quicken Underwriter did not agree with the Appraisers assessment of my home. The Appraiser by the way was not one I picked. Quicken worked with the VA and the VA assigned the appraiser; and they tend to be a lot stricter than most. So in the end, Quicken admitted I was misled however refused to refund any part of what I spent (Earnest Deposit or Treatment totaling over $1,100.00). I went to another local lender and got my loan with no problems. If you are fortunate enough to be reading this message before you work with Quicken. Donâ€™t just walk, run the other direction of Quicken Loans.

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