Mike is a terrible lender. He is dishonest, lacks knowledge in the lending process, and was by-and-large untrustworthy. We selected Mike because of his rating on Yelp, but in retrospect, I absolutely cannot believe that he received positive reviews.
When we first met Mike, he was unable to answer questions about details in the loan, and didn't even have a good understanding of what APR was.
By the time we actually had mutual acceptance on a home, we wanted to shop around for rates since we already had bad vibes from Mike.
But nobody said that they could close in under 30 days (it was around 28 days until closing), except for Mike.
I asked Mike repeatedly if he would be able to close the loan in time. Time and time again, he assured me that we would close on the date. I confirmed this at least 5 times.
When it came to be the day of closing, we were told that... funds were not received from the bank and that we wouldn't be able to close on time.
When inquired about the reason, Mike replied, "We just didn't do it in time. Can we get an extension?"
We had to get permission from the buyer to extend the time to closing, and risked losing $10k of earnest money, all for a bad lending rate from someone we didn't want to work with in the first place.
I cannot disrecommend Mike enough, and I cannot believe the positive reviews he received on Yelp. I can only suspect that the positive comments there are forged.