Directors Mortgage – Lake Osw...

Terrible Experience

I also had a really terrible experience With Directors Mortgage – Lake Oswego. Based on my full and honest disclosures of my situation and finances, my broker assured me that I was fully qualified for an FHA loan.

However, there were some requirements that I did not, and could not possibly meet before moving.

If I had known this early, I would not have gotten myself in a situation where I had a binding contract and had expended travel, earnest money and appraisal fees.

I was told of some problems late in the game, but that they could be resolved.

I did what I was told and was then told the problems were resolved due to these actions by me.

However, it turned out they were not resolved, and on THE DAY I was supposed to close, I was told I was not qualified for the loan.

I was moving from out of state in less than two weeks, and this essentially left me homeless, with a binding contract I could not fulfill, and a $3500 debt (assuming the seller did not sue me, which would make it even more).

Also, while house hunting, I had repeatedly expressed concerns about interest rates rising and my mortgage broker acknowledged that they would rise in December due to profit taking on Wall Street but that she would wait to lock until I had a house picked out.

I had a binding contract by late November, but she did not lock me as I thought she had.

Rates shot up dramatically, just as she predicted So, I had a significantly higher rate than if she had locked when I had a binding contract. .

Ultimately, there was nothing that DM could do about the interest rate, but they did find a way to get the loan pushed through at the last second, within a week of me moving- but only after I successfully rebutted a manager’s accusations that I was lying by producing emails to and from the broker that proved what I was saying.

I appreciate their efforts to make the loan happen, but never received an apology of any sort.

Also, the broker I used is no longer there, so I don’t know if that would help.

Is Directors Mortgage - Lake Oswego legit?
Directors Mortgage - Lake Oswego is not a legit business owner or provider. They are not aggressive towards their customer satisfaction and complaint grievance, and hence 3 consumer(s) was/were given a Directors Mortgage - Lake Oswego as a negative rating, and only a few left positive feedbacks.
Where is Directors Mortgage - Lake Oswego located?
Directors Mortgage - Lake Oswego is headquarted at 4550 SW Kruse Way Ste 275 Lake Oswego, OR 97035. We do not have any affiliation with the better business bureau or yelp reviews platform. You can contact Directors Mortgage - Lake Oswego by dialing (503) 636-6000 or visit their website directorsmortgage.com.
How much monetary loss is incurred by Directors Mortgage - Lake Oswego’s customers?
According to the reviews posted by Directors Mortgage - Lake Oswego’s customers, US $1243 was the total loss incurred, and hence the severity of the scam is medium.

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3 Reviews on Directors Mortgage – Lake Oswego

  1. Please DO NOT USE this guy.

    Both times nobody at directors would admit fault and placed the blame on me basically sighting ignorance on my part. This is not a way to treat customers.

    Many colleagues at work are starting to look into purchasing their first house and I am sad to say I will not be able to recommend directors after this experience especially since there was no attempt to make anything right or even provide a sincere apology, mistakes happen.

    My real estate agent asked for directors to do something when she saw how frustrated I was after everything and was basically told that I was wrong because it was my fault. Apparently it was my fault for choosing directors.

  2. Never again!!!

    My loan was delayed because I was told my IRS form needed to be wet signed. I was called weeks before and told I needed to get this done and have the email correspondence including a ‘thank you’ after I said I had uploaded my hand signed copy…

    this then mysteriously disappeared and I was stuck with only two weekdays to move out (had to use vacation time at work) because closing was delayed 6 days. It was confirmed received on directors end via email weeks before I had to provide it again.

  3. Directors was very costly to us.

    Directors was very costly to us. Maurice Grant, Travis Olson and their underwriters are very UNPROFESSIONAL and even suggested that we are LAUNDERING money (TRAFFICKING) !!!! without any proof !!!!

    Stay away from these brokers !! I can back up this saga/odyssey with 110 e-mails !!! they do not respond, do not follow, you need to call them to find out later that you need more proof of funds available, they question every penny….you deposited in your accounts !!

Reviews:3
Reported Loss :1243 $
Severity of Scam :Medium
Reported by : Anonymous
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