iApprove Lending’s motto is, “Your Approval is Our Priority.” I think not. We had to work with these guys because our real estate agent “shopped” them and found a “great deal” for us.
Unfortunately, for that great deal, we’ve had to deal with a lot of BS. 30 days and three weeks into escrow, and we’re still having to send them paperwork and signing things we’ve already signed.
Our loan processor said that in her 10 years of working in the business, she’s never encountered this kind of thing – where the lender constantly asks for more and more supplemental information to prove that we indeed have what it takes to close the deal.
We learned that they have a limited budget each month and they use the sale of homes to fund the loans they lend out.
They push clients off until the next month or until they are able to fund their loans, which is apparently why it’s taking so long for our approval to go through. Unfortunately, it’s three weeks too long.
We’re now happily working with another lender that can actually give us a great deal and close us in a timely manner without all of the crap.
We could’ve been in our house by now, except we’ve wasted all of our time with this horrible company. For that, they receive less than one star from me.