Barclay Butler Financial is a mortgage broker shop but pretends to be a direct lender. My father Jerry used to work for Barclay Butler and Barclay Butler Financial in East Dundee Illinois and he was told to tell borrowers that the yield spread on the Good Faith Estimate was a fee that Fannie Mae and Freddie Mac paid Barclay Butler Financial for selling the loan that Barclay Butler Financial originated and funded. However, Barclay Butler is nothing more than a broker who gets a commission from real lenders as a finders fee called yield spread premium and by no means are they close being a lender. Beware of Barclay Butler and his scams. John E. Neal II Vice President of Lending Guaranteed Rate
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