Review and analysis of over 2 complaints against Finance of America Reverse LLC
Finance of America Reverse LLC consumers have reported over 2 official complaints related to Application, originator, mortgage broker. Out of the 2 consumer complaints against Finance of America Reverse LLC, 50% were disputed by the consumer (i.e. the consumer was not happy with how Finance of America Reverse LLC responded to their complaint) and 100% were processed in a timely manner. 0% of consumer complaints against Finance of America Reverse LLC resulted in the consumer receiving monetary compensation (e.g. money, cash reimbursement, etc.) and 0% resulted in non-monetary compensation.
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Finance of America Reverse LLC Mortgage application, originator, mortgage broker May 20, 2016 - Credit Denial, see -/-/- letter attached ; based on low Appraisal, low AVMs valuations. No Adverse Action Notice sent. Communication denied. CFPB Dodd Frank law violations, which say regulatory violations are to be tracked and a root cause analysis done when violations are noted. Consumer is not allowed to question $700.00 Report he paid for. See --page attachment, including my -/-/- email to Lender 's President. Mine is a - single-level home, on concrete slab foundation ; Comps - and - are steep --story homes, on stilts. Comp - has --foot tall po... |
Finance of America Reverse LLC Mortgage application, originator, mortgage broker May 10, 2016 - I applied for a reverse mortgage and everthing was going fine until my appraisal came in lower than expected. Immediately my income became a issue and I was asked if I received any other income other than -. I was then told that my income did not transfer over correctly and that my Student loans and car payment was to much to pay my taxes and insurance. I submitted the correct figures but was still denied because of income. My denial stated that I withdrew and when questioned, I was told that is the procedure when loan do n't qualify. ... |