Park Fishing

Here are some other things that you should know;

1. These lenders do not pay us for having their names advertised here. That is not to say that we do not ever receive anything from them. Occasionally we buy each other lunch or exchange other small gifts.

2. We do not require that these lenders refer business to us.

3. These lenders know that we expect them to deal honestly and fairly with their clients. If we ever hear that they have gouged or otherwise taken advantage of their clients, then they will be removed from our web site.

Now, a little history;

We work with a large number of people in connection with our real estate business. For years, we have maintained a page on our web site where we list several of these people. They have helped to make our lives a little easier and think they are people worth doing business with so we are happy to recommend them to you. As previously mentioned, none of these people pay to have their names advertised on our sites.

We attended a meeting of the California Association of Realtors in September of 2005. In one of the meetings, a report by the Professional Standards Committee chairman of one of the Southern California regions indicated that there were reports that loan officers in their region were taking advantage of unsophisticated clients. He further mentioned that this problem seemed to be especially prevalent among non English speaking clients who were using loan officers fluent in their native language.

Shortly after returning from that meeting, I heard a local lender express the same concern at a meeting of real estate agents. Since then, several local title company escrow officers and managers have echoed the same comments as as these two previous people.

As a consequnce of these reports, we spoke to several escrow officers and agents seeking the names of loan officers fluent in Punjabi and Spanish. Unfortunately ,the Punjabi speaking loan officer works for Bank of American and on 5/12/2015 they asked us to remove him as it's a violation of their internal policies. Veronica Munoz Schoel came highly recommended by these people.

One final thought;

We are very fortunate in the Yuba-Sutter area to have three very good title companies. One of the characteristics of title companies is they do business with all of the real estate agents and lenders in town and they know who the good ones are. If you feel a need to look beyond the loan officers we have recommended, you may want to contact a local title company for the names of some good lenders. Be advised though, that because of the Real Estate Settlement Procedures Act (RESPA), when title companies give out names, they are not making recommendations. However, I think you can rest assured that, when you talk to a title company, they will not give out the names of lenders they believe to be unscrupulous. Here are the local title companies you may want to contact;

First American Title Company Katie Furr - Manager
415 Century Park Drive
Yuba City, CA 95991
(530) 671-5527
North State Title Company Jayne Silveira - Escrow Manager
855 Harter Parkway
Yuba City, CA 95993
(530) 673-8841
Placer Title Company Shannon Selland, Office Manager
1100 Civic Center Drive, Suite 302
Yuba City, CA 95993
(530) 671-5040

Lloyd Leighton

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Last updated February 7, 2015