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Originator: Refi platform will hurt clients

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Mortgage Professional America | 27 Nov 2015, 06:30 AM Agree 0
A web-based origination service aims to steal a chunk of the channel’s business but it’s more likely to harm clients, argues one industry professional
  • Do your Homework | | 27 Nov 2015, 01:48 PM Agree 0
    The author fails to note that Lenda was fined 2 months ago by Oregon for failing to file its required 2014 annual financial report by March 31, 2015. They didn't file until August 2015. They have no other state licenses besides the 3 mentioned in the article. Not easy to do a roll out when you're not licensed anywhere else. Check for yourself. Then look at Google street view of Lenda's official address. Not exactly the thing of a national "roll out." THEN look at the employment history of the guy running Lenda. Turns out he's also the president of the "Kingdom of Real Estate" since 2007 - I couldn't make that up - Hedging his bets in case Lenda goes splat? This guy might be a marketing whiz for getting all you fools to write about him, but no real mortgage officer should be scared of him.
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