How do borrowers know that the lender honors the rate and terms offered in their proposals?
USExpress, INC tries to screen qualified lenders before they receive a vault key. The lender agrees not to re-trade the customer if everything described in the borrower’s live submission form is accurate. Of course, if the information submitted by the borrower is stale, false or misleading, then the lender has the right to re-negotiate the deal or not to participate. Also, there is a feedback forum where borrowers rate lenders. Having negative information posted on a lender in the forum may keep other borrowers from using that lender. Therefore, lenders will want to follow through as promised.
