Stay away from Lending Bee. We had a very similar experience as Peter G’s negative review. Except with good credit.
The Lending Bee was stringing us along and telling us that the loan is about ready to fund “Any day now”.
A 45 days later, the loan still didn’t fund. They had mentioned that there was some missing docs. We had sent these docs 3 times.
Then they stopped communicating for over two weeks. We finally decided to drop this company due to bad faith since after almost 3 months, the loan didn’t fund.
The best decision ever, thanks to “Peter G’s” review. We went to a new company and they were able to fund the loan in 30 days.
Upon canceling the Loan, the loan agent “Eugene B”, for the first time in two weeks, responding back in a couple minutes sounding surprised.
Note, there are 18 flagged (Suspicious) reviews for this site if scroll to the bottom of for this company.
One of the 18 flagged 5 star reviews was from Eugene B. There is another 5 Star Review from “Eugene B” as well that made it into the non-flagged list.
I don’t know if this is the same person as the loan agent, but it is suspicious.
If you do decide to go with this company (and I recommend not) please take the following precautions: 1.
If the loan starts running late, please contact them daily to get status reports.
If you feel it is going fishy, I recommend jumping ship and going to another loan company.
Also, at the start of the loan, get a promise from them “In writing” of when they will fund by.
Ask them if there are problems on their end, will they cover your expenses.
Later, I did talk with Boris, the Owner of the Lending Bee, and asked if there was anything they could do to “Make it Right.”
This included, paying for the appraisers/Inspectors for the buyer and the cost of loss of Mortgage/HOA/Property Tax for the Seller.
All Boris said that he would do is keep the loan open to see if they could close it. The loan never closed.