1. Reading Cooperative Bank

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Lynnfield, MA

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Reading Cooperative Bank

5.0 (1 review)
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Personal banking

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6 years ago

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Company offered me an auto loan refinance I never qualified for. Hit my credit 3 times which I only…read moreapproved for the loan they offered me. They came back and said my credit was not high enough. I could have told them that for my credit never was high enough on any platform. Credit Karma, Experian, trans union, none of them had the appropriate score they required for the loan so they illegally marketed something I never qualified for to hit my credit. They then tried to get me to sign up for a loan that was worse than my existing and charge me a $600 fee to do the loan. The Savings Bank was just a middle man to the lender. The lender approved to remove $500/$600 fee. The savings bank came back and said no. This company is fraudulent and has terrible business practices. DO NOT do business with this company.

From the owner: Bank with The Savings Bank for innovative financial solutions, including personal and business…read morebanking and wealth management services. Visit our branch in Lynnfield, MA to earn cash back and interest with our selection of personal checking and savings products, or to benefit from our affordable and flexible consumer and mortgage loans, including auto loans, home equity loans and lines of credit, fixed and adjustable rate mortgages, construction loans, and much more. Let us help you grow your business with a convenient commercial loan, a business checking account, and our business cash management services. Visit us in Lynnfield, MA and let us show you how we can make banking easier and more convenient for you.

loanDepot - Judy Cronin, Senior Loan Consultant NMLS#1114361

loanDepot

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Awful. Our mortgage papers were full of errors. Our contact (David Bolton) lied about the time…read moreframe he would accomplish the mortgage in. He often hit reply, rather than "reply all" making communication and keeping everyone in the loop difficult, and adding delays. Delayed our tight deadline by starting to drafting a 7 year ARM for us (that we never asked for. We wanted a 30 year). Often would take days to respond. "Overnighted" us packages that took four days to get there. Lied about what time he got documents. Cost us an 1/8th of a percentage point because of delays and speed bumps in communications, and nearly cost us our deposit because of dishonestly relating the time frame he needed to get things together. Was generally a stressful situation. Would not use again. Got locked into using them by our real estate agent (another story of its own). Would not deal with again. Fun reading here, if you're interested: http://www.boston.com/business/news/2013/10/09/state-officials-order-mortgage-master-inc-pay-administrative-fine/WyJgSfSWAKMVtob4JeiT0M/story.html

Definitely can't speak highly enough of Ryan Wallis. Being a first time home buyer I did not know…read morethe first thing about a mortgage or what I could truly afford per month. From beginning to end (even going as far as showing up for our loan closing) Ryan was a true professional. I have a great rate and am living in my dream house. Thank you to Ryan and the entire Mortgage Master team!

Mike Rice - New Fed Mortgage - New Fed Mortgage

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When I was researching mortgage and refinance options, I came across testimonials praising the…read moreaccomplishments of Mike Rice "The Mortgage Guy" from New Fed Mortgage. Being skeptical of so much praise given to one individual, I decided to take a chance and contact Mike. This was undoubtedly the best decision I could have made. From our first conversation, Mike was professional, courteous and most importantly, honest about options available to me. He kept true to his word, and always called back when he said he would. In addition, he provided valuable pros and cons for either my purchasing a new home or refinancing my existing mortgage. My situation was fairly unique and throughout a lengthy process, Mike was always patient and never gave me the feeling that I was bothersome or wasting his time. His customer service skills are impeccable and his experience and knowledge of the mortgage industry are second to none. His estimates on loan costs and final payments were so precise it was truly remarkable. In addition to his business practice, Mike is personable and approachable for any question. You can count on him to see you through the entire process from start to finish, and I am confident to say if Mike can't get you what you are looking for, no one will! I look forward to working with Mike in the future if the need arises, and will always have no hesitation recommending him to any of my family or friends. In this day and age, it is refreshing to have someone who you can truly trust to be there for you and always have your best interest in mind. Kudos to you Mike, you truly are the one and only "Mortgage Guy"!

Mike Rice is a great mortgage broker. No BS! He was able to get me closed in 30 days, exciting for…read moreus as this was my first home purchase. I would highly recommend, & use him again when/if we decide to remortgage, etc. etc... Thanks Mike!

Reading Cooperative Bank - banks - Updated October 2026

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