Review and analysis of over 7 complaints against Regions Financial Corporation
Regions Financial Corporation consumers have reported over 7 official complaints related to Settlement process and costs. Out of the 7 consumer complaints against Regions Financial Corporation, 0% were disputed by the consumer (i.e. the consumer was not happy with how Regions Financial Corporation responded to their complaint) and 100% were processed in a timely manner. 0% of consumer complaints against Regions Financial Corporation resulted in the consumer receiving monetary compensation (e.g. money, cash reimbursement, etc.) and 29% resulted in non-monetary compensation.
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Regions Financial Corporation Mortgage settlement process and costs March 8, 2017 - We obtained an equity line from Regions Bank in -, 2016. We were n't given the loan documents prior to signing them and still have not been provided with executed copies. We were told on more than - occasion by the loan officer prior to signing the loan documents that we would not have to pay a $1500.00 prepayment penalty if we closed the equity line within two years, if the reason for closing the equity line was due to the sale of our home. We recently sold our home. When we ordered the payoff, Regions included the $1500.00 prepayment penalty in the payoff. We then spoke to the loan... |
Regions Financial Corporation Mortgage settlement process and costs January 7, 2017 - -/-/-, I locked on my interest rate and the general terms of a mortgage from Regions Mortgage in -. I received a closing disclosure, which had several errors ( extraneous charges approx. $ - ), which I had corrected. In the closing disclosure, the lender estimated the Lender 's title insurance to be $1100.00 and the Owner 's Title Insurance to be $3000.00. While we did replace insurance carriers, prior to closing ( -/-/- ) the purchase price, mortgage amount, interest rate, Lender 's and Owner 's Title Insurance amounts remained constant. On the afternoon of - -, th... |
Regions Financial Corporation Mortgage settlement process and costs December 2, 2016 - As of - 2016, My wife and I have reached a payoff settlement on a 2nd mortgage / home equity line of credit with Regions Bank. The funds were received by the lender and the lien plus judgement were removed. The lender has not however removed the negative items listed on my credit reports which has a very negative impact on all other aspects of my financial affairs and since this was paid as agreed, I should not continue to suffer as a result of what was predatory lending practices.... |
Regions Financial Corporation Mortgage settlement process and costs August 11, 2016 - I recently applied to increase my credit line for my home equity loan with Regions Bank. I called and talked to - - - - at Regions. She quoted me a rate of 2.99 % for the 1st year due to relationship rewards and a 3.5 % rate after the first year but on a variable rate. This was much better than my current 5 % so I asked her to start the process. I wanted to increase my credit line to build a covered deck. Once the appraisal and the paperwork were ready I went in to sign the papers. I saw the 6.75 % on the papers but - - assured me that the rate was just calculated differently... |
Regions Financial Corporation Mortgage settlement process and costs August 9, 2016 - This complaint is related to Case No. -. My parents, - - - - and - - -, & my deceased grandmother, - - -, have had loans with Regions Bank & its related predecessors since -/-/-. Every time they were near paying off a loan, they were told they had to " refinance. '' Regions refuses to give me any copies of loans before the recent line of credit in -/-/-. As I discovered Region 's abuse of overdraft fees, I have found my efforts to find out how and why this installment loan was taken in -/-/- have been thwarted by upper-management as Regions ' law... |
Regions Financial Corporation Mortgage settlement process and costs July 14, 2016 - Regions bank does not appear to be following TRID guidelines. We are down to the last few hours for me to sign the CD for my closing on Monday and Regions is very behind. Without going into the demeanor of those of I spoken with or the internal issues they are attempting to overcome, I would like to focus on their TRID process. The Production Manager, - - in the - -, SC processing center will not attempt to obtain a balanced CD for me to sign. He is insistent on sending be an incompete CD for signature which will not be sent until after business hours. Tomorrow, he will work on bal... |
Regions Financial Corporation Mortgage settlement process and costs June 30, 2016 - We were the sellers in a transaction where the Regions Bank Loan Officer provided preapproval letter. On Friday, - -, 2016, we received notification that the borrowers loan was approved. The purchase agreement called for a closing date on Friday, - -, 2016 - seven days later - and that the borrower was to be provided with a 'walk-thru ' 48 hours prior to the closing. On Saturday, - -, 2016, we entered into a lease agreement with a local apartment complex where we had to pay fees and prepay first months lease which totaled $1200.00. On Monday, - -, 2016, we received an... |