All Forum Posts by: Pete Triantafilou

@Pete Triantafilou Apologies. I must have missed the notification that I had been tagged in this. NMLS is an organization that regulates the licensing for lenders. They won't have reviews in their database - only reports of violations by that particular loan officer if they have any. You can search their NMLS # and then look at the section that says "State Regulatory Actions". It should say "None". It's not the end-all to verifying a loan officer and the entity they represent but it is one quick method to see if somebody has filed a complaint against them with the NMLS.

Pay attention to your LE (Loan Estimate) form and make sure you understand ALL of the fees and charges being disclosed to you at the beginning of the transaction.  When you get ready to close, they must give you a CD (Closing Disclosure) that shows the actual fees that will be in the transaction.  With very few and minor exceptions, these need to be the same as they were on the LE form at the beginning.  You also have several days to review any of these documents...they cannot rush you to sign them.  The LE disclosure, you can take up to 10 days tor review, prior to singing the disclosures and the Intent to Proceed.  Do NOT let the lender rush you.  Ask questions until you are certain you understand anything you don't understand.  If you still don't understand, get a trusted person that has knowledge and experience with this to look it over and help you.  Be aware of your transaction and what you are signing.