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Posted by  Cheryl Elliott on 7/17/21 6:58am
Mind you, I've never worked for this outfit. Pre COVID-19, they called me a few times, but thanks to this forum, I was pre-warned about their low pay, slow pay to notaries who had worked with them.
Last night, I had a signing with a very young couple who purchased their first home in 2018, and they refinanced in 2019 with VC. It wasn't a horrible loan, average interest rate/fees. During COVID-19, VC called them several times to refi to a lower rate, twice they sent loan docs for them to sign, but the fees were astronomical, over $30K, and they opted to not sign VC's packages, and dinging their credit scores. All during COVID-19, they hunkered down with their 2yo working from home. Finally, recently they were contacted by another loan officer who offered them a great rate with hardly any fees.
With so many great lenders out there vying for the same business, I'm wondering how VC stays in business, and who is signing the loans they do originate. |
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