Plaintiffs filed an amended complaint against Veterans United Home Loans, owned by Mortgage Research Center, adding claims of “bait-and-switch” and misleading advertising tactics, according to court filings reviewed by HousingWire. 

The original complaint filed in February alleges the lender misled homebuyers into believing it is connected to the U.S. Department of Veterans Affairs (VA), while also distributing leads to preferred agents who, upon closing a home sale, pay the company roughly 35% of their commission. Agents who do not refer loans back allegedly stop receiving leads.

The plaintiffs claim Veterans United loans are more costly and carry higher interest rates details ⇒

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