5885 Meadows Rd Ste 150, Lake Oswego, OR | Directions 9703545.418225 -122.737083
Mon. - Fri. 9am - 5pm;Sat. - Sun. CLOSED
Neighborhoods: Lake Forest
What a disappointment – it surprises me that a company that would spend the kind of money that they do to drive people to call them would drop the ball not once, but twice. I called in, prequalified, was told all was good and then nothing. After a couple of weeks I called back in and was told that my loan officer was no longer with the company. I was reassigned, started things going again and then nothing. After four weeks they called back to ask me about my file, which I assumed they were working. I was told everything looks good and that they could transfer me to another loan officer if I wanted. At that point, I told them no thanks, but they could look for my review of my experience with them on the web. Very disappointing experience
Positive Paramount Equity Experience – We have had a lot of loans in the past and have dealt with numerous loan officers and managers, but we have never had such a great experience as we have had this time with Jeremy Afdem at Paramount Equity Mortgage. He was very professional at all times, always returned my phone calls within minutes, if he wasn't able to answer immediately. I have waited days for some to return my calls after calling numerous times, which I am sure you know makes a person wish they had gone somewhere else. Jeremy didn't promise anything he couldn't come through with, like others have, just to pull the rug out from under you at the last minute. He was always polite and a very nice person to deal with, as well as very timely, we have never gotten a loan processed this quickly.
Greasy Used Car Salesmen of Mortgage Brokerage – We recently tried to refinance our house...both of us with A+ credit, and these people did nothing but lie, and give us the run around about what was going on. One day they needed one thing, the next it was something totally different. All we walked away with was a ton of fees and excuses on why they could not get the loan done week after week, and when we finally backed out, they tried to buy our business back.
All of the brokers are young greasy car salesmen types who jumped on the mortgage bandwagon when the market was good, but they really don't know what they are doing. They promise the moon and can't deliver anything except fee after fee and a good sales pitch with empty promises.
Predatory Practices-We Are Victims – We also are victims of the violations outlined in the State of Washington's DFI. You can read our story, and see how it compares to yours on our blog: socialapocalypse
Paramount Equity Mortgage deceived us, and if you got a mortgage from them in the past, you probably did too. READ YOUR DOCS and good luck.
Great company to work with – I refinanced my home and locked in a low 30 year rate. I called on Wednesday and the appriaser was out the very next day. I spoke with Matt again on Friday and ended up signing my loan documents the following week. I am still shocked at how fast and easy the process was. The whole thing took about 12 days.
Mother Nature catches up – Last year, the state of Washington accused Paramount of “charging and collecting unearned fees, charging consumers to buy down interest rates without actually reducing the rate, failing to make required disclosures and making state and federally required disclosures in a deceptive manner.”
This week, Paramount Equity signed a settlement agreement with the state, calling for it to pay the state $253,366 and to pay 52 customers restitution of $139,075.
Finally a quick solution & someone that worked hard for me! – I shop around, but what I found out was that the more I looked the more stories I got from brokers, but one thing was consistent. "Most loans close in 30-60 days". What a pain in the ...you know what... I want what's current not what may be... well Paramount Equity in Lake Oswego closed mine in 11 days (12 if you count my first call from them) 5% 30yr Fixed!!! Take that giant corporate fee mongers! They are not the cheapest, but reasonable & competitive. I tried the cheap guy & it cost me 2 months and a $500 junk appraisal from his Scammer "Go-2-guy"
Paramount is garbage – I used to work there...go to a bank, these guys are sleezy and are just out to make money off of you. NOTHING they say can be backed up. Don't be a fool...look at the fees!!!
Paramount appears to HAVE no EQUITY – From Washington State
? Paramount Equity advertised that their ?mortgage bank? offers consumers low rates, free appraisals and guarantees the lowest interest rates and fees. In fact, Paramount is not a bank, the fees they charge more than covers the cost of the supposedly ?free? appraisal, and their guarantee of the lowest rates and fees cannot be substantiated.?
The Statement of Charges gives notice DFI intends to issue an order requiring:
Paramount?s Mortgage Broker license, including the licenses of the three Washington-licensed branch offices, be revoked;
Matthew J. Dawson?s Loan Originator license be revoked;
Respondents jointly and severally identify and pay restitution to any applicant or borrower harmed by their violations of the Mortgage Broker Practices Act;
Respondents jointly and severally pay a fine of $500,000;
Respondents jointly and severally pay the examination costs of $3,366.51; and
Respondents jointly and severally pay an investigation fee of at least $6,200.
Great Company – I don?t know what this other guy is talking about. I just got a loan with Paramount Equity Mortgage and they did a great job and I got a fixed rate at 5.5%. I got to meet Hayes Barnard and he is a really nice guy. Are you upset because he advertises so much, or because Paramount Equity is doing so well? I guess that a company that actually helps people with good loans will end up growing. Maybe if you gave them a call, instead of making up stuff about 1% loans that they don?t even offer, you could actually rate the company.
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