I used to work for Liberty Mortgage Company. I went to go get my last check from them today, and they shorted me $370 from my first week back to work.
Additionally, they informed me they will not be providing me my bonus for the loans which I closed for them for the month of June.
So in total, this company has shorted me $700. Additionally, they conduct a lot of business illegally.
They take full advantage of their customers that are less knowledgeable about the industry.
They are very good at “Bait & Switch”, meaning they will quote you a rate and end up trying to close your loan with a higher rate than what you were initially quoted/signed legal documents for.
They tell customers they are going to pay for the closings costs on their behalf, however, they end up having the customers bring 1-2 payments to closing (which in turn has clients sometimes paying 3 mortgage payments in 2 months.)
They state that they payments are going to go to your previous lender, however, when you payoff a mortgage the interest owed is already calculated within the payoff-but most people don’t understand that.
In addition to having you bring in payments, they raise your rate to build the costs in to your loan.
I’ve seen some people forging signatures on legal documents there.
I do not know how they have gotten away with this for so many years, the company is owned by selfish, greedy, loan sharks.
Save yourself the hassle and money DO NOT DO BUSINESS WITH LIBERTY MORTGAGE CO.