- Report: #746643
Complaint Review: Guild Mortgage, Laura Wells
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| Guild Mortgage, Laura Wells 12209 E. Mission Avenue
Spokane Valley, Washington United States of America |
|
Guild Mortgage, Laura Wells Promised approval of home loan, then denied at last minute Spokane Valley, Washington
*Consumer Suggestion: First Time Home Buyer
*General Comment: Really!
*Consumer Comment: Laura Wells- "upfront and honest"
*Consumer Comment: Another vote of confidence for Laura
*Consumer Comment: Another vote of confidence for Laura
*Consumer Comment: Laura Wells is experienced and truly knowledgeable!
*Consumer Comment: Laura Wells Guild Mortage is The BEST!!!
*General Comment: This Report Smells Funny to me
*Consumer Comment: Are You Kidding Me?
*Consumer Suggestion: Reply to "Give me a break"
*General Comment: 1st Amendment?
*General Comment: Give me a break
*Consumer Comment: This place
*Consumer Comment: yeah...
*Author of original report: Now they are threatening to sue me for "Slander"
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Laura Wells, of Guild Mortgage strung us along on a wild ride down "screw you over financially" lane. Everything went fine for the first 30-60 days while working with her. After that she would continually ask is for more paperwork, every time we were asked for more paperwork I would ask her if there is anything else they needed or may need in the future so we would work on gathering the information to scan and send to her if needed. Each time there was either no response to the question or she would adamantly answer "no".
I even went as far as to ask her for a guarantee that our loan would be approved to which she stated: "If you mean can you rest easy at night because your loan will be approvedyes."
About a week later she tells us the underwriter pulled a new credit report and didnt like one of the co-applicants collection from her recently terminated apartment lease but they were giving us a "Two week" window to proceed as is. At this point we met with Laura to sign a bunch of disclosure paperwork, at NO point during this meeting was it ever stated or implied that there might be a problem. We were instructed to close credit cards and give notice at our current rental as we were assured out loan would be closing by the middle of the month (the 15th). We closed the suggested credit cards and gave notice to our land-lord.
The very following monday, I get an e-mail from Laura stating the underwriter just arbitrarily decided to use the new credit report and would now require us to come up with an additional $1700 on closing to pay for this "new debt" that our co-applicant is fighting against paying in court.
Laura's decision making skills are less than horrible and her customer service is non-existant. She gives horrible advice and has screwed a family of 6 financially so much that it will probably take us 5 years to get back to where we were 6 months ago.
Now the seller of the home we were trying to purchase is attempting to keep the ernest money we deposited to the title company.
DO NOT work with Laura Wells @ Guild Mortgage if you want to keep your financial stability.
I even went as far as to ask her for a guarantee that our loan would be approved to which she stated: "If you mean can you rest easy at night because your loan will be approvedyes."
About a week later she tells us the underwriter pulled a new credit report and didnt like one of the co-applicants collection from her recently terminated apartment lease but they were giving us a "Two week" window to proceed as is. At this point we met with Laura to sign a bunch of disclosure paperwork, at NO point during this meeting was it ever stated or implied that there might be a problem. We were instructed to close credit cards and give notice at our current rental as we were assured out loan would be closing by the middle of the month (the 15th). We closed the suggested credit cards and gave notice to our land-lord.
The very following monday, I get an e-mail from Laura stating the underwriter just arbitrarily decided to use the new credit report and would now require us to come up with an additional $1700 on closing to pay for this "new debt" that our co-applicant is fighting against paying in court.
Laura's decision making skills are less than horrible and her customer service is non-existant. She gives horrible advice and has screwed a family of 6 financially so much that it will probably take us 5 years to get back to where we were 6 months ago.
Now the seller of the home we were trying to purchase is attempting to keep the ernest money we deposited to the title company.
DO NOT work with Laura Wells @ Guild Mortgage if you want to keep your financial stability.
This report was posted on Ripoff Report on 06/28/2011 05:30 PM and is a permanent record located here: http://www.ripoffreport.com/r/Guild-Mortgage-Laura-Wells/Spokane-Valley-Washington-99206/Guild-Mortgage-Laura-Wells-Promised-approval-of-home-loan-then-denied-at-last-minute-Sp-746643. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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Search Tips#1 Consumer Suggestion
First Time Home Buyer
AUTHOR: First Time Home Buyer - ()
SUBMITTED: Tuesday, April 30, 2013
Avoid misinformaton and seek out the facts. Attend a Home Buyer Seminar this weekend. Call (509) 279-2320 Ext. 18 to register today!
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Presented by Guild Mortgage Company, Spokane Valley
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- Closing Costs and Down Payment may be financed thru DAP
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What's this? #2 General Comment
Really!
AUTHOR: Brenda - (United States of America)
SUBMITTED: Thursday, February 07, 2013
It would seem to me that if you knew that you had this outstanding debt that you were the one at fault by not disclosing this in the first place. From what I have read your lender did nothing wrong here. If you are not telling the whole truth to see if you can sneak something by and you have signed the application stating that all the information is true and accurate when you know that it isn't that is committing fraud and you can go to jail for that. Why are you up set that the lie that you tried to cover came out?
It sounds like your lender was working as hard as she could to get you through the door but you kept getting in your own way.
It sounds like your lender was working as hard as she could to get you through the door but you kept getting in your own way.
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What's this? #3 Consumer Comment
Laura Wells- "upfront and honest"
AUTHOR: Brian - (United States of America)
SUBMITTED: Tuesday, February 05, 2013
I have worked closely with Laura Wells, shared mutual clients with her since 2004 and was shocked and distressed to read the report in question. No matter what you do for a living you will not please 100% of your clients/customers and its a bad statement about our society that one can be hung out to dry by a single displeased client.
As an impartial third party to the real estate transaction I often get an earful of complaints about lenders and/or real estate agents but I have never heard anything of this nature from Laura's clients. "Upfront and honest" is the word I've gotten from homebuyer's and that is exactly what I want to hear about any business associate of mine.
As an impartial third party to the real estate transaction I often get an earful of complaints about lenders and/or real estate agents but I have never heard anything of this nature from Laura's clients. "Upfront and honest" is the word I've gotten from homebuyer's and that is exactly what I want to hear about any business associate of mine.
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What's this? #4 Consumer Comment
Another vote of confidence for Laura
AUTHOR: Darla - (United States of America)
SUBMITTED: Monday, January 28, 2013
We've worked with Laura for over two years. She goes the extra mile for our mutual clients and she works long hours to stay on top of the details and keep everyone informed. As Realtors, we find that most buyers do not understand that the person who makes the final determination on an approval is not Laura, but someone they will never talk to or meet: the underwriter. Underwriters are under enormous pressure to mitigate any risk of borrower default, so it is their job to dig deep and uncover any information that may not have been provided with the required upfront documentation.
It is absolutely heartbreaking for all parties when something comes up at the last minute that results in a delay or denial. But I can say without hesitation that Laura is passionate about what she does and will do everything possible to get homebuyers to the closing table, when it is within her means.
It is absolutely heartbreaking for all parties when something comes up at the last minute that results in a delay or denial. But I can say without hesitation that Laura is passionate about what she does and will do everything possible to get homebuyers to the closing table, when it is within her means.
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What's this? #5 Consumer Comment
Another vote of confidence for Laura
AUTHOR: Darla - (United States of America)
SUBMITTED: Monday, January 28, 2013
We've worked with Laura for over two years. She goes the extra mile for our mutual clients and she works long hours to stay on top of the details and keep everyone informed. As Realtors, we find that most buyers do not understand that the person who makes the final determination on an approval is not Laura, but someone they will never talk to or meet: the underwriter. Underwriters are under enormous pressure to mitigate any risk of borrower default, so it is their job to dig deep and uncover any information that may not have been provided with the required upfront documentation.
It is absolutely heartbreaking for all parties when something comes up at the last minute that results in a delay or denial. But I can say without hesitation that Laura is passionate about what she does and will do everything possible to get homebuyers to the closing table, when it is within her means.
It is absolutely heartbreaking for all parties when something comes up at the last minute that results in a delay or denial. But I can say without hesitation that Laura is passionate about what she does and will do everything possible to get homebuyers to the closing table, when it is within her means.
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What's this? #6 Consumer Comment
Laura Wells is experienced and truly knowledgeable!
AUTHOR: Court - (Virgin Islands (US))
SUBMITTED: Saturday, January 26, 2013
After reading this report I became sick to my stomach.
I have worked with Laura in a professional manner for many years. I send virtually every client I work with to her for their home loan. I have only experienced her to be exactly of her word. If she approves you she follows through... If she can not approve you for a loan, she will be the first to tell you. She tries with all her heart to do anything in her power for her clients.
Lender standards have become much more stringent and they will not give you a loan if you don't pay your bills. As the report stated, there was a new derogatory mark on the credit report. If your report would have stayed the same, you would have had the house. It even sounds like she tried to help you by allowing you to pay the debt and still get you the loan. If you would have disclosed everything, good and bad, to Laura you would not have had to ask if she would guarantee your loan because the denial would have been in place from the start. Your sneaky half story came back to bite you in the a$$. If you would have been honest, she could have saved herself and staff countless hours of useless work on your behalf.... Not to mention the sellers that counted on you following through on your contract, the title companies hours of research, the escrow agent and the hours and gas of your poor Realtor! You have wasted so many hours of people trying to help YOUR dreams come true. In case you initial insult wasn't enough, you now continue to waste every one's time with this ridiculous report! I am ashamed of you and grateful you were NOT my client!
This report should absolutely be removed and an apology posted NOW!
I have worked with Laura in a professional manner for many years. I send virtually every client I work with to her for their home loan. I have only experienced her to be exactly of her word. If she approves you she follows through... If she can not approve you for a loan, she will be the first to tell you. She tries with all her heart to do anything in her power for her clients.
Lender standards have become much more stringent and they will not give you a loan if you don't pay your bills. As the report stated, there was a new derogatory mark on the credit report. If your report would have stayed the same, you would have had the house. It even sounds like she tried to help you by allowing you to pay the debt and still get you the loan. If you would have disclosed everything, good and bad, to Laura you would not have had to ask if she would guarantee your loan because the denial would have been in place from the start. Your sneaky half story came back to bite you in the a$$. If you would have been honest, she could have saved herself and staff countless hours of useless work on your behalf.... Not to mention the sellers that counted on you following through on your contract, the title companies hours of research, the escrow agent and the hours and gas of your poor Realtor! You have wasted so many hours of people trying to help YOUR dreams come true. In case you initial insult wasn't enough, you now continue to waste every one's time with this ridiculous report! I am ashamed of you and grateful you were NOT my client!
This report should absolutely be removed and an apology posted NOW!
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What's this? #7 Consumer Comment
Laura Wells Guild Mortage is The BEST!!!
AUTHOR: Karen - (United States of America)
SUBMITTED: Thursday, January 24, 2013
Having been a Realtor for the past 28 years, I feel qualified to discuss the fact that lenders and loan originators vary. If you find one that does a good job you are lucky. If you find one that does a Great job you are blessed. This is what I have found in Laura Wells.
She not only goes the extra mile with clients to make sure the loan fits their needs, she gives them
different costs sheets to prove why. She is professional and knowledgeable in all facets of lending. She has the best staff supporting her and stays on top of education and the latest new rules to make sure all goes smoothly. If she tells me my client is qualified I feel VERY confident that she will get the loan through underwriting.
IF THE CLIENT LIES TO HER ABOUT AN ISSUE AND IT IS FOUND OUT THE LOAN WILL NOT CLOSE!
The lenders are now strapped with all new rules and guidelines as a result of poor lending practices that caused our current financial mess. Underwriters have to triple check files and then check again as they are being reviewed constantly. THIS IS GOOD! If information is needed to justify them giving their ok for the loan it must be provided. If new information is revealed it must be deal with. This buyer, client must have know about the issue that caused him to not qualify. HE CHOSE TO HIDE IT. HE CHOSE NOT TO COMPLETE THE LOAN PROCESS. HE WAS MAD.
In reviewing the claim by this individual my take on the matter is that he is unhappy because he failed to disclose an issue that was found out by the underwriter at the end of the loan process. He could have been glad and done what was needed to complete his transaction. However, he chose to be mad and take it out on the one person who was working for him to obtain the home he wanted. He chose to be mad. HIS CHOICE!
TO POST SUCH SLANDER IS OUTRAGEOUS! IT SHOULD BE REMOVED IMMEDIATELY AND AN APOLOGY POSTED.
Karen
She not only goes the extra mile with clients to make sure the loan fits their needs, she gives them
different costs sheets to prove why. She is professional and knowledgeable in all facets of lending. She has the best staff supporting her and stays on top of education and the latest new rules to make sure all goes smoothly. If she tells me my client is qualified I feel VERY confident that she will get the loan through underwriting.
IF THE CLIENT LIES TO HER ABOUT AN ISSUE AND IT IS FOUND OUT THE LOAN WILL NOT CLOSE!
The lenders are now strapped with all new rules and guidelines as a result of poor lending practices that caused our current financial mess. Underwriters have to triple check files and then check again as they are being reviewed constantly. THIS IS GOOD! If information is needed to justify them giving their ok for the loan it must be provided. If new information is revealed it must be deal with. This buyer, client must have know about the issue that caused him to not qualify. HE CHOSE TO HIDE IT. HE CHOSE NOT TO COMPLETE THE LOAN PROCESS. HE WAS MAD.
In reviewing the claim by this individual my take on the matter is that he is unhappy because he failed to disclose an issue that was found out by the underwriter at the end of the loan process. He could have been glad and done what was needed to complete his transaction. However, he chose to be mad and take it out on the one person who was working for him to obtain the home he wanted. He chose to be mad. HIS CHOICE!
TO POST SUCH SLANDER IS OUTRAGEOUS! IT SHOULD BE REMOVED IMMEDIATELY AND AN APOLOGY POSTED.
Karen
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What's this? #8 General Comment
This Report Smells Funny to me
AUTHOR: Spokane Professional - (United States of America)
SUBMITTED: Thursday, January 24, 2013
Hello folks. I am a partner in and independent Insurance Agency here in the Spokane Valley and find this report to be very inaccurate. Of course Im taking into consideration, my own personal knowledge of Laura Wells and her team and all the professional collegues, friends and family members I have witnessed "Win" keys to their dreams by using them for their mortgage needs.
In my opinion, this team of professionals, are way above the mark, when it comes to a strong work ethic. If you want to work with a team that genuinely pulls out all the stops to get your loan approved than look no further. Laura Wells hardly "EVER" gets told NO by a mortgage underwriter, and when she does its just not acceptable.....unless.....
Unless there is something that comes up on behalf of the borrower that shows their credit worthiness is not what it was thought to be. This is an unfortunate and uncontrollable situation on the loan officers behalf. At this point the borrower can't scream... "You promised me a loan" I am not sure what happened here, but I can tell you that Laura and her team, would not have put this much time and effort into this file, and asked the borrower to either, if they didn't have every intention of getting it closed. Suprises happen.
I have seen them say "not yet" to several people, rather than drag them through the loan process to get a NO. This is bad business, and I can assure you, mortgage professionals won't stay around long if they operate that way. Laura Wells has been in the business for over 21 years... I highly recommend her and her team. Thanks.
In my opinion, this team of professionals, are way above the mark, when it comes to a strong work ethic. If you want to work with a team that genuinely pulls out all the stops to get your loan approved than look no further. Laura Wells hardly "EVER" gets told NO by a mortgage underwriter, and when she does its just not acceptable.....unless.....
Unless there is something that comes up on behalf of the borrower that shows their credit worthiness is not what it was thought to be. This is an unfortunate and uncontrollable situation on the loan officers behalf. At this point the borrower can't scream... "You promised me a loan" I am not sure what happened here, but I can tell you that Laura and her team, would not have put this much time and effort into this file, and asked the borrower to either, if they didn't have every intention of getting it closed. Suprises happen.
I have seen them say "not yet" to several people, rather than drag them through the loan process to get a NO. This is bad business, and I can assure you, mortgage professionals won't stay around long if they operate that way. Laura Wells has been in the business for over 21 years... I highly recommend her and her team. Thanks.
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What's this? #9 Consumer Comment
Are You Kidding Me?
AUTHOR: kelly - (United States of America)
SUBMITTED: Thursday, January 24, 2013
I know Laura quite well and she will fight to the end to help a client realize the dream of home ownership. Laura informs her clients every step of the way. If given all truthful facts at the begining of the transaction she warns her clients if there are possible road blocks. Of course updated documentation is needed throughout a transaction to keep a file current (which is a requirement). I also know that Laura never advises a client to give notice at their current residence until the keys are in your hand.
Credit reports expire and if a new one is ran and a problem comes up, she will try to advise you with the best course of action. You also sign a document during disclosures addressing that if there is undisclosed debt there can be issues that may not be able to be resolved.
For those of you who know Laura, you know this "story" is absurd. For those of you who do not know Laura, perhaps you should not chime in unless you personally know the facts which in this case were totally distorted.
Credit reports expire and if a new one is ran and a problem comes up, she will try to advise you with the best course of action. You also sign a document during disclosures addressing that if there is undisclosed debt there can be issues that may not be able to be resolved.
For those of you who know Laura, you know this "story" is absurd. For those of you who do not know Laura, perhaps you should not chime in unless you personally know the facts which in this case were totally distorted.
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What's this? #10 Consumer Suggestion
Reply to "Give me a break"
AUTHOR: Karen - (United States of America)
SUBMITTED: Monday, January 07, 2013
Basically, both you and the person filing the original complaint are saying the same thing, only from a different experience. You state the obvious "If a $1,700 debt kept you from qualifying you obviously fell close to the edge of the guidelines." I say "Don't you think it would have been a good idea for the loan applicant to have been given that information?" Stringing along the loan applicant sets them up for an inaccurate expectation.
As you said, you "don't know Laura or her abilities", so you can't say for sure she was trying to be "nice". I have some experience with her abilities, and I believe even though she knew better, she made an error in not following through with this applicant. She failed to accurately inform the loan applicants as to what their chances were for being approved for the loan. My experience with Laura Wells is that she has not been as professionally responsive as is needed for a positive client experience.
You say that you would have "turned them down immediately" - that would have been the more professional option, and the option that the loan applicant would have welcomed, instead of being strung along lied to, and turned down. Laura's job was not to be nice - her job was to make sure her clients understood the entire situation, and to inform and educate them regarding how they were honestly being seen by the financial institution (underwriters). Her "lack of action" borders on "predatory lending tactics". The mortgage applicant should have been told from the start that they "fell close to the edge" of being approved, and what their chances actually were.
A loan applicant should never be "strung along" with a totally false expectation, and hopefully both parties have learned important lessons from this.
As you said, you "don't know Laura or her abilities", so you can't say for sure she was trying to be "nice". I have some experience with her abilities, and I believe even though she knew better, she made an error in not following through with this applicant. She failed to accurately inform the loan applicants as to what their chances were for being approved for the loan. My experience with Laura Wells is that she has not been as professionally responsive as is needed for a positive client experience.
You say that you would have "turned them down immediately" - that would have been the more professional option, and the option that the loan applicant would have welcomed, instead of being strung along lied to, and turned down. Laura's job was not to be nice - her job was to make sure her clients understood the entire situation, and to inform and educate them regarding how they were honestly being seen by the financial institution (underwriters). Her "lack of action" borders on "predatory lending tactics". The mortgage applicant should have been told from the start that they "fell close to the edge" of being approved, and what their chances actually were.
A loan applicant should never be "strung along" with a totally false expectation, and hopefully both parties have learned important lessons from this.
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What's this? #11 General Comment
1st Amendment?
AUTHOR: walkermr - (United States of America)
SUBMITTED: Monday, October 29, 2012
The 1st amendment protects your right to free speech from the government, not a private citizen. She can definitely sue you for slander and if you think a 1st amendment defense is going to work you probably are in the wrong here.
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What's this? #12 General Comment
Give me a break
AUTHOR: Apathostic - (United States of America)
SUBMITTED: Tuesday, August 14, 2012
If a $1,700 debt kept you from qualifying, you obviously fell close to the edge of the guidelines. I don't know Laura or her abilities, but I do know that she doesn't get paid until the loan closes, meaning that she worked for free trying to get a borderline borrower a loan. I would have turned you down immediately and saved myself months of wasted time and aggravation. I imagine she is a nicer person than me, and for her efforts, an anonymous person plasters her name on this web site for all her friends and family to see. Unfortunately, the industry's privacy guidelines prevent her from using your credit profile and financial information to defend herself. I suspect if everyone had access to this information, the story might look a little different.
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What's this?
sounds like a bunch of scumbags.
Laura why are you such a CROOK?
Laura why are you such a CROOK?
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What's this? #14 Consumer Comment
yeah...
AUTHOR: anonymous - (United States of America)
SUBMITTED: Thursday, June 30, 2011
Her daddy Ron isn't the brightest bulb either...like Forrest Gump, but without the I.Q.. And the acorn did NOT fall far from the tree.
Get a lawyer, to sue the collection agency. The house you couldn't buy is called "actual damages". Just for the f*&^ of it, throw the mortgage company and Laura in as well, just to make it fun.
Laura told you to close credit cards, which is about the most retarded thing anybody in Real Estate can say. She might fall under CROA for it, and be liable, just like the collection agency.
And, as I have said for years, because I have a brain in my &#^@%#^ head, SLANDER is spoken, LIBEL is written. Unfortunately, you won't find a single person along the entire length of Shelley Lake Lane that knows that. Sad, huh.
Get a lawyer, to sue the collection agency. The house you couldn't buy is called "actual damages". Just for the f*&^ of it, throw the mortgage company and Laura in as well, just to make it fun.
Laura told you to close credit cards, which is about the most retarded thing anybody in Real Estate can say. She might fall under CROA for it, and be liable, just like the collection agency.
And, as I have said for years, because I have a brain in my &#^@%#^ head, SLANDER is spoken, LIBEL is written. Unfortunately, you won't find a single person along the entire length of Shelley Lake Lane that knows that. Sad, huh.
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What's this? #15 Author of original report
Now they are threatening to sue me for "Slander"
AUTHOR: Goodspeed313 - (United States of America)
SUBMITTED: Wednesday, June 29, 2011
So I am now told that they want to sue me for "Slander". Good luck with that, You wont get a dime out of me.
I am protected by the constitution's first amendment. I also have not stated anything that is not absolute truth or my honest opinion.
Not to mention that if you would actually pay attention you would realize that suing me won't remove this post. It is permanent, Ripoff Report will not remove posts, for any reason, ever.
I am protected by the constitution's first amendment. I also have not stated anything that is not absolute truth or my honest opinion.
Not to mention that if you would actually pay attention you would realize that suing me won't remove this post. It is permanent, Ripoff Report will not remove posts, for any reason, ever.
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What's this? 
