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Late last year, I sought to purchase a home. At that time, I owned another home, which I sought to sell. I utilized a realtor for my purchase and sale. The realtor referred me to XXXX XXXX/Golden Bear Capital for loan monies.
( I LATER DETERMINED THE REALTOR WAS ASSOCIATED WITH XXXX XXXX/GOLDEN BEAR CAPITAL, LISTED AS A " MLO '', A FACT NOT DISCLOSED BY THE REALTOR NOR XXXX XXXX/GOLDEN BEAR CAPITAL. ) On this recommendation, I engaged XXXX XXXX/Golden Bear Capital as my lender for the home purchase.
Throughout the loan process, I received a deplorable amount of delays and mistakes by XXXX XXXX/Golden Bear Capital. To summarize, these delays and mistakes have ended up costing me thousands of dollars in lost monies.
I would have not used XXXX XXXX/Golden Bear Capital for loan monies unless referred to them by the realtor, who never disclosed he is associated with XXXX XXXX/Golden Bear Capital.
This is a conflict of interests as a realtor should have the consumer 's best interest in mind. In this situation, XXXX XXXX/Golden Bear Capital have created a situation where the realtor/mortgage company best interest 's have become the priority.
XXXX XXXX is allowing realtors to associate themselves with XXXX XXXX/Golden Bear Capital, allowing them to refer business only to XXXX XXXX/Golden Bear Capital, and creating a volatile environment for the consumer.
This should not be permitted in the state of California.
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