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Klezma1 · Joined: 17 Jun 2007 Posts: 2 2.26 Dollars($)

I received a phone call from a Justin Jordan who says he is from US Home and Loans. I did not see his name on the company's website roster. He says he is a consultant working out of Nevada. He is offering a refinance at 6.125% FHA, for a manufactured home with 3+ acres. I live in WA state. How can I know if he is legitimate?

banker0679 · Posted: Sun Dec 30, 2007 5:55 pm Post subject:

well the rate is pretty good....most lenders can offer that to you.
you can find out by going to the nevada commissioner of banks website...and see if he has a license for NV and if he's licensed to operate in your state. You can go to your state website as well ...and look up their company.

Generally, whenever you go to someone's website they should always have their license number!

WA doesn't require individual loan officer signup..but they require the lender to register with the state. Here in NC....they require loan officers/lenders to sign up.

adonis · Posted: Wed Jan 02, 2008 5:10 am Post subject:

yeah, the rate is good enough but have you completed 1 year with the existing loan? I say this becaiuse most lenders require a borrower should make at least 1 year of payments with the existing loan.

banker0679 · Posted: Wed Jan 02, 2008 9:13 am Post subject:

not for a rate/term refinance......and also there are lenders that can do 6months for cash out (instead of 1yr)

livinginnky · Posted: Wed Jan 02, 2008 1:33 pm Post subject:

I can't find their website.

Have you tried contacting the company directly?

It is also advisable to check the BBB and the department of financial institutions for you state on the company and the loan officer, if you can.

scherzeroni · Joined: 05 Jan 2008 Posts: 51 18.77 Dollars($)

Telemarketing is a common form of marketing in the mortgage industry so it is not odd for him to call, however, one must be careful when giving out their personal information.

Please listen to the sound advice given. In addition I suggest calling the company directly. You can also do a "reverse phone look-up" from "www.whitepages.com". Any legitimate company will have a listed phone number.

[Link deactivated as per forum rules. Thanks.]

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Is Justin Jordan of U.S. Home and Loans a legitimate lender?