Loan Officer messed up on Refi

[Viola Fisher]

Hello there,

Want to know what recourse I have in this situation. Loan Officer refinanced my investment home as a primary residence after I brought this to his attention a couple of times. He said it would be fine and did not change it. I now have to refi that same home again, within less than a month, and now pay for another appraisal and pay all of the closing costs. What recourse do I have? I really don't want to be the only one that eats these expenses.

Thanks in advance for your help.
Viola

[Matt Devincenzo]

Is the loan officer a broker, or a direct lender? In either case I assume that they have a E&O policy in place. So I'd reach out and ask them to do the refi start to finish with no charges to you and no increase in your loan balance etc. Otherwise you will need their E&O information so you can file a claim and have this fixed.