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     | Sunday, May 21, 2000 - 08:39 pm  To Christine, I would like to thank you for this site. The information in here was somewhat bewildering at first (is this how credit companies really operate?) but after having read almost 80% of the postings on your site, I feel 100 times more knowledgeable about credit, mortgages, and buying a new home. To all readers of the Forum, does anyone have any comment or experience to share regarding a mortgage broker working out of Orange County named Randy Johnson? He manages a business called Independence Mortgage Company and has authored "How to save Thousands on Your Mortgage". His web site is Loan-Wolf.com (with the hyphen). Everything I've read from him in the book and his site looks promising and (refreshingly) straight-forward. I look forward to all comments regarding this company. Thank you.
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| | Sunday, May 21, 2000 - 11:50 pm Appreciate your comments, but have to say that unfortunately not EVERYTHING you read here in the forum is correct. I wished I had the time to go through the 3,500+ postings ... I had quite a bit of correspondence with Randy several years ago. Back then I had a seminar and book page where I made recommendations. Randy wanted me to include his book, and I read a copy. All in all a pretty good book, but there was ONE chapter that was completely wrong. I can't remember what it was, but I do remember that Randy was very pushy. If I remember correctly, Randy wanted more feedback on the parts I didn't agree with. I figured that I'd rather write my own book than rewriting someone elses. And, I really didn't want to write a book. I just had a look at his site again: "Welcome to the most helpful mortgage site on the Internet." And immediately I knew what I didn't like way back then: The self promotion, the promises, the slick presentation, the salesmanship. It's like straight out of the real estate marketing seminar and having bought 10 hours of the instructor's personal consulting services. I read what he had to say on credit, and it scares me. Especially reading the MISinformation on his favorite credit page at Geo Cities. I have no idea how people come up with some of that stuff. He links to creditpage.com and they're sponsored by the CCCS. ACK! He has a former FNMA President hyping his book. I watched FNMA steal a single mom's house. FNMA presidents are NOT exactly way up on my list of people that I respect. Oh, and I just looked at his links. He's big on the link exchange. He has no integrity. Getting traffic is imperative. I guess that's what bothers me so much. No integrity. It's all about money. Maybe I'm overreacting, I've looked at some other sites today and I'm just really sick of the infomercials, misinformation and deception. Randy is probably a better mortgage broker than most brokers out there, in the top 10% as far as knowledge goes. The question is whether he'll apply that knowledge to YOUR benefit. All he does is slam dunk loans. He'll "consider" doing business with you. You better have a good looking borrower resume! (loan application) Talk about an attitude. He's got enough business. And if I see the link to "Testimonials" one more time, I'll puke. Sorry! I just find his entire site offensive. I have to admit, if I didn't know so much about marketing, mortgages and credit, I probably would be impressed. Unfortunately, I can't recommend anyone else. I hope you read http://www.bayhouse.com/loanshop.html and http://www.bayhouse.com/commissions.html I'd greatly appreciate feedback from readers who actually hired Randy as mortgage broker or buyer's agent.
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