Allen Stout, Realtor you can trust (Allen at OklaHomes Realty, Inc.)

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Rainmaker
697,867
Candice A. Donofrio
Next Wave RE Investments LLC Bullhead City AZ Commercial RE Broker - Fort Mohave, AZ
928-201-4BHC (4242) call/text

I don't think that's legal. Shriek to high bloody heaven!

May 10, 2019 03:12 PM
Rainmaker
4,956,557
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

OMG.... the loan officer is getting a kickback from some other agent!!!!! 

May 10, 2019 02:59 PM
Ambassador
2,205,107
Wanda Kubat-Nerdin - Wanda Can!
Prado Real Estate South - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

WOW Allen! I'd be having a conversation with that lender, like NOW. 

May 10, 2019 02:36 PM
Rainmaker
1,054,288
Anthony Acosta - ALLATLANTACONDOS.COM
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

I share the same opinion as Bob Crane 

May 10, 2019 03:37 PM
Ambassador
4,168,376
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Is this a RESPA violation?

May 10, 2019 03:01 PM
Rainmaker
761,669
Doug Dawes
Keller Williams Realty - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

I've never done business with Veterans United. What was the reason for having to work with a different agent?

May 11, 2019 05:34 AM
Ambassador
3,282,241
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

Report this lender, Allen! This company wants your agent's buyer to use one of their agents that pays them a referral fee - KICKBACK! 

RESPA violation is written all over this - no doubt about it!

May 10, 2019 08:23 PM
Rainmaker
1,595,156
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co. Notary Services, retired Realtor

I have heard of this Allen Stout but the only time it happened to me was with a local lender whom I refered to a buyer and I've not recommended them since.

May 10, 2019 06:30 PM
Rainmaker
539,022
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

Would love to hear the other side of the story... can't imagine what their defense would be. 

May 11, 2019 04:30 AM
Rainmaker
1,527,851
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg IL Real Estate

I would get your broker on that. I'd blast that LO all over the internet also. There'd be no way google wouldn't be showing what this scumbag is up to.

I'm thinking RESPA violation as they are inducing that client to jump for financial reasons. I hate hearing this stuff.

May 10, 2019 05:31 PM
Ambassador
2,675,500
Liz and Bill Spear
RE/MAX Elite 513.520.5305 www.LizTour.com - Mason, OH
RE/MAX Elite Warren County OH (Cincinnati/Dayton)

Veteran's United does referrals to agents, so they're trying to push the buyer to someone in their network.  They collect a 28% referral fee and then "rebate" the buyer a couple hundred books, pay for the appraisal, etc.

Their fees are supposed to be disproportionately high for a VA loan, but their underwriting is a bit looser than the builders.

And on a completely negative note, I SHOULD have been attending a closing Monday with a V.U. buyer, but Monday evening the loan officer contacts me with the the news that they can't make the loan after all.  Something that IMO should have been found out LONG before they called me in to start showing homes and writing offers.

May 10, 2019 05:06 PM
Rainmaker
475,389
Jason E. Gordon
AmeriFirst Financial Inc, San Diego, CA - San Diego, CA
Sr. Loan Officer, CMPS, CDLP, RCS-D, CDPE, CMHS

Sounds like a good ol' fashioned case of steering. No bueno. My advice is to have your Client ask for something in writing from the Loan Officer at Veteran's United stating the need to use this Agent in order to get the lower interest rate. If they refuse to put this "requirement" in writing, you've got your answer.

May 10, 2019 04:54 PM
Ambassador
3,081,745
Paul S. Henderson, REALTOR®, CRS
RE/MAX Northwest. - Tacoma, WA
Tacoma Washington Agent/Broker & Market Authority!

 I have had this happen a couple times but never with Veterans United...

May 10, 2019 03:14 PM
Rainmaker
4,408,504
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Never heard this one.  I would not trust that Loan Company at all. A

May 10, 2019 02:38 PM
Ambassador
3,968,486
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Never heard of them, but that's a problem I think. Hello, RESPA?!

May 10, 2019 09:21 PM
Rainmaker
5,347,433
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Nope.

May 10, 2019 06:01 PM
Rainmaker
2,758,009
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Allen Stout I agree with Bob Crane

May 10, 2019 05:58 PM
Rainmaker
922,813
Thomas J. Nelson, Realtor, ePRO, CRS, RCS-D
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

Your agent didn't ask enough upfront questions. There are several VA programs that restrict the agency to certified and referral partner agents only.

May 11, 2019 07:47 AM
Rainmaker
2,980,169
Richard Weeks
Dallas, TX
REALTOR®, Broker

No, and I have never heard of that company.

May 11, 2019 02:49 AM
Rainer
417,287
Rose Mary Justice
Synergy Realty Pros - Dandridge, TN
Synergy Realty Pros

I have not had that happen.  I hope it gets resolved.  I have worked with this company a couple of times with no problems.

May 10, 2019 06:56 PM
Rainmaker
1,942,902
Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

We use local VA pproviders... everything is local and home grown Allen Stout !

May 10, 2019 06:37 PM
Rainmaker
2,783,205
Kathleen Daniels
KD Realty - 408.972.1822 - San Jose, CA
San Jose Homes for Sale-Probate & Trust Specialist

I have not.  That is beyond crappy! 

May 11, 2019 11:30 AM
Rainer
159,204
Don Baker
Lane Realty - Eatonton, GA

USAA did it to my wife.

May 11, 2019 11:06 AM
Rainmaker
1,536,825
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

That sucks and is wrong!

May 11, 2019 07:04 AM
Rainmaker
2,976,416
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of Manchester NH's Leading Agents

I have not used them, but had it happen with another local loan officer. I blew up and most importnat, they lost all my business

May 11, 2019 05:16 AM
Rainmaker
3,060,493
Nina Hollander
Coldwell Banker Residential Brokerage - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill Realtor

I doubt it... I've never even heard of Veteran's United Loan Company.

May 11, 2019 05:06 AM
Rainmaker
287,047
Buzz Mackintosh
Mackintosh REALTORS - Frederick, MD
“Experience, reliable, leadership”

Years ago similar situation with Navy Federal through the Cendant kick back program happened to one of our agents

May 10, 2019 06:06 PM
Rainmaker
1,230,971
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

I don't work with them, sorry.

May 11, 2019 09:08 AM
Rainmaker
1,007,510
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

VA loan preapprovals are just as useless as sellers do not wish to be bothered with the conditions imposted.

May 11, 2019 11:34 AM
Rainmaker
4,066,666
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

That is interesting.

May 24, 2019 10:10 AM
Rainmaker
673,000
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

If you told a lie like that to a client you could face a disciplinary action. Don't let those people go unpunished. A bad Yelp review is the the least that you can do.

May 15, 2019 04:39 PM
Rainmaker
3,243,249
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Never heard of these guys, but they would not stand a chance in a dark alley. Not good business practice or probably legal.

May 15, 2019 05:15 AM
Rainmaker
3,142,956
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

Wow, really, 

May 14, 2019 10:49 AM