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12-25-2019, 10:14 PM #1
- Join Date
- Aug 2016
- Posts
- 24
Loanme Declines?
I have a client who was approved for $200k with Loanme but instead took $15k in order to get a lower rate the second time on funding. He made one payment and then paid the loan in full in 60 days. I resubmit him for funding and they approve him for 200k again but then at the last minute decline him. They said he was declined indefinitely which doesn't make sense since he has an SBA loan that he is current with as well as 800 FICO score. NO BKS or judgement and has been operating his business for over 13 years. It doesn't make sense to decline someone forever when they are clean and had a previous relationships with them. They wouldn't explain the reason to myself or the client. Has this happened to anyone else?
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