Quicken Loans $500 Good Faith Deposit Is Really The "Rip Off Deposit" Louisvile Kentucky

I work for QL, and this couldn't be more incorrect.

First off I'll start with some branding. We're the #1 Online Lending Company in the Nation. We're the #2 retail lender in the nation. We have an A+ rating with the BBB (no other lender in our industry can claim that), and we have won 3, soon to be 4 JD Power & Associates awards for top client satisfaction in Primary Mortgage origination. We have over a 95% client satisfaction rating, when the average lender's is under 50%.

A company does not achieve these types of award or accolades by "ripping off" our customers.

The $500 Good Faith Deposit is simply a handshake to do business. We accept it to cover 3rd party fees. Can you imagine how many clients we have every day saying their house is worth 200k and the appraisal comes back as 130k? The programs we qualified them for, now, have no chance of working out. (tip for people: your house worth is based on comparables in the area. A gold toilet doesn't increase the value of your home) Are we supposed to just eat these costs then? (on average an appraisals are 500+, so we actually do eat a lot of the costs). It also covers cost of Credit Report, and some title work. 

And in response to us using our own title company. This is 100% legal, and if you read the ABA Disclosure you would understand this. Also you have the right to choose any title company you'd like at request.

Back to the Good Faith Deposit. We of course refund the money not used if the loan doesn't close for any reason, but the best thing is that Good Faith Deposit is credited right to your account at closing.

Our business speaks for itself, but you know some people can never be pleased.

Go ahead and give me a call today and I'll be happy to personally show you why we're number 1 in client satisfaction.

Michael Coriasso NMLS#1096968 313-338-2159