Wells Fargo Mortgage Complaint

Wells Fargo Mortgage department,

Conventional fixed mortgage Credit decision / Underwriting California

I am consumer who may have been victimized by collusion among - industry regulated professionals from Wells Fargo Bank, - and their chosen real estate appraiser. Please refer to the participants listed below that are subject to this CPFB complaint. Buyer/Realtor/Borrower ( same person ) made an offer to complainant to purchase a property. Complainant in this matter is also the Seller and a licensed Realtor selling his own property. Buyer and loan officer have a close and personal relationship. The same loan officer has represented to Seller that he has performed prior mortgage transactions for this same Buyer/Borrower in the recent past. Lender ordered an appraisal which was conducted on - -, -/-/2015. Indicated value was $ 60K below contractual purchase price in an otherwise very vibrant and thriving market where the subject property is located. Abundant supporting comparable sales data exists. The appraiser seemed to go out of his way to select very old and outdated and inappropriate comparable sales data in what appears to be in an intentional effort to drive the property value down. The appraisal report is attached to this complaint. Seller requested, in writing, that Wells Fargo Bank issue a challenge to the appraisal


to bring about intentional economic disadvantage to the Seller. There outward appearance of intentional collusion exists between the parties. Buyer ( also acting as her own Realtor ) - - - - - - - - Agent - - - ( - ) - ( - ) - # -Wells Fargo Bank Loan Officer ( and personal friend of Buyer/Realtor ) - - Mortgage Consultant, - ID - - - Mortgage - - - - - - -, CA - - | Cell - | - - - - - - -, CA, -- ( - ) - Appraiser Certification : -Complainant : - -, - - - - - - - -, CA, --