Complaint Review: Hybrid Lending Group, llc - colorado springs colorado
Hybrid Lending Group, llc Daniel Lotter and Richard Kaye aka Ricky D Hybrid Financial Group, Tri Star Funding, llc Hook bait and switch fee collectors colorado springs colorado
*REBUTTAL Owner of company: Fictitious Comment
Posing as lenders, they take files from brokers, then tell you they can't do it 'in house' and the offer sounds really good, but after they get your file in, they can't fund inhouse, but they have investors who may take the loan. They aren't investors, they are lenders. They send out what they call an LOI, but it's not an LOI, it's a broker agreement they want you to ask your borrower to sign.
Bacially you are handing over your borrower. Originantion fees are listed on the 'broker agreement' for them, no mention of the REAL broker. I am uploading it but redacting the borrower's info. If you are a broker, stay away form them. They claim to be warehouse lenders, but they are only correspondent at best. Regardless, they are retail all the way, and they will steal your customers if they can.
If you google their address, it's a law firm, their website isn't real either. They have a lot in common with Gravity Capital, both thieves. I don't need a broker to place my loans, I have no problem doing that myself. Their flyers are inticing but not real. Tri Star Funding is a brokerage belonging to Danial Lotter with an address of 5170 N Union Blvd, Colorado Springs, CO 80918 website also not working http://www.tristaroptions.com/
These guys are as fake as they come. Not only did they try to pass off a broker agreement as an LOI they also asked for a 1,495.00 processing fee, who knows if they really have a lender who will fund the loan or maybe they will just collect the fee and that's all. They are retail, they are bokers, they are not the money, not even close.
Daniel Lotter is registered on the NMLS but not Richard Kaye. Either way, what they both did is unethical. If they can steal from another broker, they can steal from the borrower. There's a lot of this going around.
This report was posted on Ripoff Report on 07/17/2019 09:28 PM and is a permanent record located here: https://www.ripoffreport.com/report/hybrid-lending-group-llc/colorado-springs-daniel-kaye-1482099. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
If you would like to see more Rip-off Reports on this company/individual, search here:
Advertisers above have met our
strict standards for business conduct.