Many loan brokers — or their websites — claim fast turnaround times, even though they have no control over lenders who don’t actually work for them. As more brokers engage in false advertising, others feel pressured to do the same, triggering a race to the bottom in transparency. This ultimately hurts borrowers, who are left without a reliable way to evaluate or choose brokers.
At FindTheLoan.com, we can only state that many of our financing partners typically respond to enquiries within hours. However, response time varies based on factors such as your risk profile, loan amount, loan type, and the lender’s current workload.
To better understand the downsides of relying on loan brokers, read our article:
What if I still prefer to use a loan broker?
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