Luther Burbank Savings Reviews (1)

If you are looking for a home loan nightmare, look no further than Luther Burbank Savings. We have had numerous sleepless nights during our attempt to use Luther Burbank Savings to secure a home loan. Our third home buying experience, this is undoubtedly the worst and most disorganized ever. As promised, I am voicing on every public forum, every social media network possible how horrible this process has been.

Working with our loan officer has been heinous. We have been professionals our entire adult lives, have excellent credit, have plenty of funds, yet somehow he cannot get the job done. We were supposed to close escrow on a home last week but have not been able to and the deal is at great risk for collapsing due to his and his underwriting department's incompetence. During our home buying process, he misrepresented to us how much we were pre approved for--to the tune of $400,000 more than we now are told we will be approved for. He wrote loan approval letters for us for at least three other home offers before this one yet none were accurate and we are finding out now? Multiple deadlines have come and gone without him pushing for action and completion. He and his underwriters can go home for the weekend without concern over their financial lives while we toss and turn for another three nights wondering when our sellers will tell us to perform or quit.

Last week I posted a review on Yelp (yes, a week ago and we remain in the fifth circle of home loan Hades). Today I will make my way down the list of other forums, posting everywhere I can how horrible it has been to deal with this company. (This is my seventh so far this evening--I do feel adamant about this experience)

We were told he was the local guy who could get the job done. Apparently he can get some other job done but lending isn't one of them. Do yourself and your family a favor and NEVER DO BUSINESS WITH LUTHER BURBANK SAVINGS!