Lighthouse Financial Group Mortgage Broker Lied About Loan Approvals Strung Us Along for 3 months Vancouver Washington

I do not believe that Justice4u or Mr. Diamond have a firm grasp on the going-ons at Lighthouse Financial Group. Like Anonymous I also previously was employed at Lighthouse and left due to unethical tactics that most loan officers and processors practiced. I also am verifying that the facts mentioned in Anonymous rebuttal are 100% truthful and correct. Yet Mr. Diamond is also correct that they were top producers in the company and in theory they did not need to run their business in that fashion. Sadly they consistently over promised and under delivered, stringing along many customers who just wanted a solution to their problems. Another thing neither Mr. Diamond nor Justice4u may know are the recent news stories regarding Lighthouse Financial Group. Currently 3 of Lighthouse's past employees have been charged and indicted of charges ranging from mortgage fraud, money laundering, and even identity theft. Kamau Herndon (who was Amsden and Rosabal's business partner) has been indicted on 11 charges. Kristen Buse was charged with money laundering processed many loans for Amsden, Rosabal, Hills, and McCrary. One additional loan officer Marty Folwick was given 5 years in prison for 70 fraudulent deals. So yes Shauna and her husband could have complained to Sheldon, but what could he have done. It seems that he was fully aware how customers were treated. I am sympathetic to Shauna and her husband many families contact mortgage brokers in hopes they can solve their problems. The reality is that all Shauna was to them was a file or a paycheck. Update: Amsden is no longer nor will ever be able originate loans so rest assure future customers your money is safe. As for Rosabal and McCrary they are still working together and also work with TimothyHills. I would think twice before putting all your financial faith in them. Make sure with any loan officer that you have proof and verify verify verify everything they are saying and doing.

I know these individuals in this story and i can say that they do more business than any loan officer i know. I can understand where the customer is coming from although if you look at the time of when they were trying to get their loan, you can see that over a 100 subprime companies had fallen with tons of current clients in their pipeline ( mortgageimplode.com) . I know this because it happen to me. I approved a customer with 4 banks after each one kept closing their doors, it sucks for the loan officer and the customer. If this client had credit problems then they had to go subprime and if they were doing there loan in 2008 then they were a victim of the market and bank closures. There would be no reason for top producers to string along a client when they had tons of business unless they felt they had a chance of getting that client a loan. once again it sucks what happen to these people and i can see there frustrations but i think they are taking it out on the wrong guys. I am only writting this because i know these guys and they close alot of loans. I dont see any reason why they would have strung these people along when they had so much business it would be counter productive.I know that they probably wanted to help them so bad they kept trying to get the loan done until they ran out of options. I can say it's tough enough getting loans done with good credit let alone with ok or poor credit... Also there was a subprime comany called LTV lending and they did alot of funky stuff i have used them myself...

After reading your compliant it was upsetting to see you ramble on knowing that you successfully completed a loan with them previously. First off you blame the Broker Sheldon Harmon, true he should be held accountable for his loan officers; you try to make him solely responsible for something he knew nothing about. I never heard you say once that you called Sheldon to let him know you were having trouble so that he could possibly reassign your loan.

If you have bad or challenged credit then you're not going to get an final yes right away. You said that they were instrumental in raising your credit score, which not all loan officers will do because it's pro bono, they do your work for you for free. They may have been negligent in telling you that while you may get a yes at first they are conditional even with good credit. They must see all documents and with challenged credit, it could be just one little thing that makes it go sideways. Another thing, Banks typically ask for additional information more than once. This is where the bank goes on an investigation into your ability to repay the loan; the loan officer is only a liaison between you and the banks. It is the underwriter that makes the final decision on your loan and they always ask for the same documents more the once, sometimes to see if you really do have an original or maybe they're looking for multiple copies and prefer you pay to for it.. You want to play a victim when you should be taking responsibility for your own actions, because from the sounds of it your credit is questionable. This means it takes both, the loan officer and the banks a lot longer to put it together.

As for the ex employee giving advice in such away as it was given, I could only guess that she would like to send you into a whirl wind of problems. If I thought something had truly been done illegal then I would surely tell to contact an attorney. However it is obvious that the ex employee is giving you bad advice as to where your attention should be.

To sum it up, loans do take time even in the best of conditions, if you throw questionable credit into the mix for what ever reason, then you should be patient and before you place blame or complain about a company make sure you did everything right by going through the chain of command, in this case you should only be complaining about the loan officer not Light House Financial and you should of went into the office or called Sheldon before you waged a public war on him Because you never spoke with Sheldon so I believe this feed should be removed.

Shauna ... I really feel sad for your situation.

I used to work for this company, but got out when I saw some of the unethical activity going on. Here's a few comments or suggestions:

1) File a complaint with Oregon's Department of Finance (OR DFCS). You can Google the webpage. It sounds like they may have committed some level of fraud or deceptive practice. Not giving you full disclosures and GFE's within 3 business days of pulling your credit is illegal. Also, check your credit again to confirm how many times they pulled it. More than once is also illegal.

2) File a complaint with the Better Business Bureau. Can be done online as well.

3) This company is also known as Crown Point Enterprises, Elife Financial, Harmon Holdings, and Sheldon Harmon is the main guy there. They have used a variety of names structures. Made me uncomfortable.

4) File a complaint with the FBI Portland office. They have just recently convicted other people from this company of fraud and still to m knowledge have an open investigation. Your info might be useful to them.

5) Joel Rosabal is not registered as a loan originator for Oregon, which means he cannot have legally done anything on your file as he had. He would have had to put all his business under Chad or Shawn's name, which is also deceptive and illegal.

6) Chad Amsden doesn't have a Washington loan originator license. It was denied due to a conviction in the past. He shouldn't even be still working at Lighthouse Financial, but is most likely putting his loans under someone else's name. He was one of the company's top producers last year. How can he work for a WA-based company and produce like that without being eligible for a license?

7) Don't give up. Make these people pay a price for what they did to you. If you lose your home as a result of their tactics (I would even question the loan they put you in with a balloon), you may have recourse and be able to recover a financial settlement. I never put anyone in anything with a 1yr balloon. Your original loan sounds shady.

Good luck, and know there are ethical people out there, but we all need to root out the bad apples.