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Schumpeter Reincarnate


Joined: 24 May 2008
Posts: 46246

Re: Discussion on Sunset Mortgage
PostPosted: Sun May 25, 2008 2:57 am Reply with quoteBack to top

http://ml-implode.com/imploded.....07-31.html
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LoanGod
Dud?


Joined: 26 Mar 2009
Posts: 6

Its all ture...
PostPosted: Thu Mar 26, 2009 6:43 pm Reply with quoteBack to top

The biggest problem with Sunset Mortgage was their entire Corp Management team is uneducated and trained by the same. The Corp office was very weak in every aspect of ethics. Even though they are now hiding under the name EAGLE NATIONWIDE MORTGAGE CO (ENMC) a subsidiary of Eagle National Bank, they are still the same people running the new bank into the ground. Furthermore, the compliance officer PGallon told me that even their insurance company Aetna see Eagle Nationwide Mortgage Co as the old company “Sunset Mortgage Co.”, and will not give them a better health insurance program or pricing for their employees and net branch offices nationwide. The fact that they have higher interest rates and fees than all other good lenders and brokers should cause one to notice it on the HUD. But because by law they do not have to disclose the yield spread premium on the HUD their poor clients don’t know any better so they all get sold bad loans by trusting people. Don’t believe me? Call them and get a quote…I dare you. Its too bad that ENMC will bring down a small local PA bank, Eagle National Bank.
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