Mortgage loans are offered by Loan Ranger Capital, which has its headquarters in Austin, Texas.
They promise to be easy to work with and offer financing for new construction, fix-and-flip projects, and renovations. However, it is important to keep in mind that Loan Ranger Capital is not connected in any way with Loan Ranger, which is an internet service headquartered in the Philippines that assists people in obtaining loans.
Zack Lofton is the one who started this company, and it is because of him that I decided to write this review.
The process of locating the ideal mortgage lender is already complex. However, when there are questionable businesses involved, the procedure gets more difficult because many of those companies will attempt to coerce you into working with them. This is because they want to benefit from the relationship.
Let me stress that I’m not alleging Loan Ranger Capital is a scam. At this time, there is no evidence to suggest that the organization in question is fraudulent. Nevertheless, the leadership of this organization is the source of its problems.
Zack Lofton: Questionable Leadership and Lack of Commitment
Loan Ranger Capital was first established by Zack Lofton, who also serves as the company’s CEO. Together with Nik Petrik, the COO, he leads this business.
Zack may be the creator of a mortgage lending company, but he does not have a great deal of experience working in the lending industry. After receiving his degree from the University of Arizona nine years ago, he started working as a financial analyst for Wells Fargo. Zack was employed there for a total of two years before deciding to leave.
After that, he obtained a position at Capital Fund I as the Chief Financial Officer and remained in that role for a duration of one and a half years. After that, he established Loan Ranger Capital in 2015 and has been running it ever since. Currently, he is the CEO of the company.
Do you notice a pattern here?
The chief executive officer of this company was unable to retain a job for longer than two years before taking over the leadership of a mortgage lending company that caters to builders, real estate investors, and flippers.
Undoubtedly, there is a problem in the leadership of this company, and I do not believe that it has been resolved. You should wait at least a few more years before putting your faith in this organization and entrusting them with your financial future.
Better Be Safe Than Sorry
Austin, Texas is home to a large number of mortgage lenders, and this organization has its headquarters there. You need to hunt for an alternative that is more dependable and has experience in the field of real estate loans. Because you are a consumer, you have the right to know the truth about the businesses with whom you do business, thus I believed it was necessary to share this information with you.
It should come as no surprise that Loan Ranger Capital would prefer that you were unaware of the commitment issues the company’s founder struggles with or the fact that the CEO does not have a great deal of previous experience in real estate financing.
Because it influences both the overall growth and dependability of a company, the quality of a company’s leadership is an important factor to consider. For instance, the Chief Executive Officer of JFQ Lending had a bad past that included sexual harassment and substance misuse. It has also had an effect on the way he manages his company, and many of the company’s employees have said that the workplace is run like a party for college students. There is pervasive sexism, and the customers also suffer as a result of it.
Try to find a better company, and make sure you stay secure.
Not worth the gamble
Although Loan Ranger Capital doesn’t have a lot of problems, this is likely due to the fact that it’s a relatively new firm. There is nothing particularly noteworthy about them, with the exception of the fact that their management team does not possess the knowledge and experience required to successfully run a loan company.
You can also read : Sepehr Sarshar, the Insider Trader, Busted by the SEC in 2023!
