Warning: the issue notice of deficiencies when you...

Warning: the issue notice of deficiencies when you are not deficient. They don't correct them. I had 1 client this happened to years ago and it still is not corrected. Now they won't service my other clients because I have a high "default" rate. By that they mean they are paid every single month and their servicer even wrote a letter stating that the Notice of Deficiency was wrong, but their computer scream still says the account is deficient. Mind numbing.

Response to Lima One's comment. First, I am a 20+ year veteran of the industry having worked with 100s of funding sources, including this one for many years. Never once have I submitted a bad review. Lima One's response simply is not true in this case. Not only do I have documentation from their servicer that their Notice of Deficiency was an error on the servicer's part (but they won't correct it) but routinely they have blamed their servicer for bad records showing past due balances that were not past due.

When they say high delinquency rate what they mean is 1 client with two loans. I haven't done permanent loans with them for quite some time because they were not competitive in that arena.

Please note what is implicit in their response -- you, the broker or referral source -- are their collection arm. Outrageous.