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TO ZILLOW: Links to fake reviews, unrealistic rate/fees, bad profiles

This thread is not a thread like the HOS.  Instead of flagging, I've started this thread for repeat offenders who are offering qutoes/rates that are inconsistent (I'm trying to be nice) with everyone else, they have fake reviews or bad profiles.  This is not a thread to gripe or complain or make snide comment.

 

Here are the instructions for the LO's:

 

1) Create the Link

2) Describe whether it as follows:

              Fake Review/Rating

              Unrealistic Rate/Fee

               Bad Profile

3)Submit it

 

Instead of trying to go through our HOS and all the flagging that is going on, just post a link to the profile and Zillow can monitor this thread.

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July 25 2008 - US

Replies (283)

100% financing at 6.25

Unrealistic rate and fees

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July 25 2008

fake 5 review 

Says the closed with lender on the same day they joined zillow. Obviously not possible.

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July 25 2008
Profile picture for marc_wvmb

Great idea Tammy!

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July 25 2008
Profile picture for Mike Politzer

So you're envisioning this as a place for repeat offenders primarily?

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July 25 2008
Profile picture for Mike Politzer

The best of the best

 

Undoable rate

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July 25 2008

Yeah, primarily repeat offenders.  No mean comments though.  This is a clean thread!

 

 

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July 25 2008
Profile picture for Mike Politzer

I've been running this around in my head a lot today about how to improve the site and assist honest and competitive users. Obviously we need to weed out the offenders, and it looks like either too big a job or counterintuitive to Zillow's business model for them do it - yet.

 

How about some sort of accountability panel made up of volunteers from this site. I envision that if a repeat offender (multiple flags by other members) gets to a certain level, they would have to justify the next quote with an LOE and proof. Members of the panel could not rule in areas they can lend in, so that would probably rule out bankers with national ability. If panelists were found to have quoted in areas they had ruled on, they would be removed and possibly called out on the forum.

 

Just by creating this panel, whether it works well or not, might be enough of a preventitive to limit some or a lot of the offenses.

 

Zillow would have to manage it, so they may not want to put the resources into developing this, but, if they believe this should be a site that is reputable and reliable, I would hope they would be open to the idea.

 

 

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July 25 2008
Profile picture for Mike Politzer

Oh, what do you do with someone who has been found to be dishonest? How about a negative accountability rating similar to the positive one, posted on their profile? They could continue to quote, but it would stay for some probationary period, and removed if there were no more offenses, or they would be barred if they sinned again.

 

Too complicated?

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July 25 2008
Profile picture for Mike Politzer

Kinda like cleaning your own nest.

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July 25 2008
Profile picture for Georgia Loans

Good idea for Peer Review. To post a link, do you copy the request id and paste into where it says add link? Never learned this!

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July 25 2008
Profile picture for Mike Politzer

Doesn't seem to work in Firefox, only IE. Copy the link, go to the enter reply box and click on the "Add Link" icon. It's a little buggy.

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July 25 2008
Profile picture for Colorado Lender

But i like snide comments Tammy.....

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July 25 2008

Please ensure that anything you see is flagged - that's our primary tool for finding bad actors and we're almost finished training and staffing up the flag review effort so let us know!

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July 25 2008
Profile picture for Mike Politzer

Will you be rolling something out regarding your review effort? An announcement plus adding language to the Code of Conduct will have a significant deterring effect.

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July 25 2008

You got it David, just trying to help!

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July 25 2008

What's up with this?

Account in Erin's name, email on the account if for a J Gardere, I assuem that is the Jody being referred to, and then someone completely different is quoting. I'm not even going to go into the rate quoted ...

 

 

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July 25 2008
Profile picture for Carl Henker

Can any of you do this deal?

 

Is this possable?

 

I need his investor........and PMI provider

 

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July 25 2008
Profile picture for Paul Mondello

 another BIG thumbs up Tammy (you are on fire today)

I suggest that when we quote that we put the link to this thread right in our message to the consumer...

Label it - Click here for a ZMM 'Fraudulent Lender List, Consumer Beware!' (or something like that) - do it on every single quote indeed, also put the link on your profile etc... (I just did)
this consistant approach might stop some think twice before they toss out the bait and switch cocka

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July 25 2008
Profile picture for Paul Mondello

stop = make

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July 25 2008
Profile picture for Rob Cochems

Paul,

 

I checked out your profile and noticed your wild fire photos so I thought I would share mine.

 

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July 25 2008
Profile picture for Paul Mondello

Rob - That looks pretty close...

Those were not fun times at all...

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July 25 2008
Profile picture for Mike Politzer

Carl - there's dishonest and then there's incompetent and then there's incomprehensible...

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July 25 2008
Profile picture for GreatRateFolks

Dishonest, incompetent, and incomprehensible just about covers it....

 

how 'bout the misspelling in the profile? I can almost understand as we post in the chats, typos and what have you...but when you put them in your profile, what does that say about your professionalism? If you do not take the time to proof your own profile, and cannot spell variety...or many other words in two paragraphs, how can a client put faith and trust in you for their biggest investment.

 

 

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July 26 2008
Profile picture for GreatRateFolks
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July 26 2008
Profile picture for Dave Pressel
6.125% 0 Points? Absolutely possible......I just need to make sure that the 1.2 million jigowatts of power goes through the Flux Capacitor in my time machine so I can go back in time 3 weeks or so......

DP
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July 26 2008
Profile picture for FHA Mortgage

I also like the part that says, "Lending Tree/Zillow Broker".

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July 27 2008
Profile picture for FERMI

99% INV PROP REFI

 

Bogus quote. Lender website says "All we do is vacation homes".

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July 28 2008

Fermi,

 

He's new and on a quoting spree. He is even quoting it as FHA so he just needs a gentle "nudge" in the right direction.

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July 28 2008
Profile picture for Greg Darlin

Maybe the link I have created is the very reason we should have National Licensing!  People can't read and understand rate sheets.  It is pretty bad when none of these lenders could read a rate sheet or know the simplest of guidelines.

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July 28 2008

Since when does FHA to super jumbo interest only

 

link

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July 28 2008
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