You will ruin the relationships between your borrowers and agents just because of the way they perform.

If you are looking to become an account executive or wholesale lender to these guys, run away and quickly. Shows that you should do more research before you put trust in a mortgage company. These employees are so pissed off working there and have exposed the problems that I’m experiencing right now. cmp/Recovco-Mortgage-Management/reviews - 17 reviews from employees Reviews/Recovco-Mortgage-Management-Reviews-E749284.htm - 33 complaints from employees. Here are a few links for you to do your own research which backs up what I’m mentioning above: Then I thought to myself, why is it so difficult to work with them so I researched reviews and found out why. It was like they completely forgot about me and my loan! This loan has actually still been in process and was started January 18 th up to the date of this post the loan still has not cleared to close. Week goes by, nothing…not until I reached out did the file even start the process in underwriting. The 2 nd deal that I was in process with them, the original processor was fired in the middle of the process and then the underwriter was fired as well! Then of course a new underwriter gets assigned and conditions for all the same documents that were already provided. I processed 5 loans with them, one of them the borrower was going through 2 different lenders for the same product and the other lender was able to get a loan done much faster than Sprout Mortgage or Recovco and that deal never went through. Michael Goldman is the account executive that I personally was assigned to. I’m still questioning to myself how these people are even in business. About 2 weeks into the process I found out it wasn’t so awesome or fantastic, more that it was miserable.

They say that they have these amazing programs like no-ratio and bank statement programs, non-warrantable condos, jumbo programs with lower FICO scores and down payment…etc.Īfter doing this I went to a few of my agents and let them know what they had to offer and one of my agents said that they have a couple deals for me! Awesome, fantastic let’s see how these guys work. I’m going to explain my experience as a loan officer that was approached by Sprout Wholesale Lending/Recovco Mortgage from start to finish.Įverything that I was told sounded fantastic and something that would be great to add to my portfolio of programs to offer my clients.

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