Lyncrest Media Reports & Reviews (1)
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Victim Location MD 21045, USA
Total money lost $6,000
Type of a scam Other
When I signed up with Lyncrest in order to get the deal they were offering, I had to pay $4,000.00 that day. I went ahead and got the payment processed. I began receiving appointments a little over a week into January 2022. Most of the appointments were 'no shows' but some were 'shows'.
The 'showed' appts either did not qualify for a mortgage at all, disclosed very complex and questionable job history and/or had large employment gap issues.
When I expressed concern about the amount of no shows and lead quality, I was spoken to as though I was not "selling" effectively (which was obviously erroneous given the fact that no one I spoke with qualified in the first place).
I decided in any case to give it a little more time.
Unfortunately, by the time I realized what I was actually dealing with, I was already out $4,000.00. I canceled the service (because it was either pay the 'early cancelation fee' of 2k or lose another 4k) total money lost was $6,000.00 because of the cancelation fees.
Other loan originators in my office had the same experience and also canceled early. Apparently the other originators lost even more money than I did because they stuck with it for longer.