Instafi ripoff I am out $15,000 and have a loan against my house. Irvine California Internet

I'm a mortgage broker and have been in the industry for almost eight years. People need to be careful of mortgage companies who promise the world in ads. Anytime a company can afford to advertise like instafi did and ditech does means they are charging their customers a high amount and paying less skilled workers to do the job. This equals bad loans and rip off situations. Many people have been stranded in this instafi debacle, and this insn't the first of this kind. Most of the time a consumer is best off dealing with someone who is licensed through the CA Department of Real Estate, www.dre.ca.gov, and has been doing business for over two years. The problem with direct lenders such as instafi and ditech are they don't hire licensed loan officers. Under the Department of Corporations charter they are allowed to hire non licensed individuals which means less compentant skill sets. This also equals higher profits for the bank because a skilled Loan Officer warrents a higher income then an order taker such as the ones employed by companies like this. Like an insurance broker, mortgage brokers are in it for the long haul and not the quick buck.