Paramount Residential Mortgage Group, Inc. Mortgage Complaint

Paramount Residential Mortgage Group, Inc. Mortgage department,

Conventional fixed mortgage Application, originator, mortgage broker Florida

- - - -, - - - -, - - -, - - - -, I am writing to inform you of numerous problems while trying to obtain a loan for my friend and client,, from PRMG. This experience has been the worst I have ever encountered in my professional life and I think you should be made aware of your companies and employees actions during this process. Please bear with me as this will be lengthy and all inclusive of our experience. In - 2015, we found a beach house foreclosure in - -, - we both fell in love with and decided to put a bid in which was accepted the next day. Our realtor - - suggested we use - - of PRMG as the lender, since we used both of these individuals to purchase our - house. We informed - - that we were planning on renting out or selling the - house and live in - as our principle residence. We negotiated with the bank and secured $8000.00 in repair costs and they were willing to give in a little more. I instructed our realtor to negotiate a - repair allowance providing all necessary documentation.


more than ample savings. In addition the - house has close to - in equity. So the logical choice was to have her name alone on the contract and I would oversee what I thought would be an easy process. It all started when - asked for the usual financial information but did not ask for - 's Tax returns. I spoke with her about this ( very strange as that is usually the first thing required ) and her response was she did not want to raise red Flags? I told her we were not hiding anything and we are upfront and honest people. I let it go thinking she was the expert in the field. Next she had - write a letter stating why she was buying a house. Again I thought this strange but let it go. Her explanation was that the underwriters would have a problem with a principle residence status. I again told her our intentions. Well it turns out she was responsible for all the chaos that has ensued for months and we still have not closed on the property. - then told me her underwriter '' did not believe us and called it investment property. I again told her that we would furnish tax returns to prove - resided in - and worked in - - - as a - and traveled back and forth. We provided the - - pages at her request. ( she again said she did not want to raise red flags? ) - retains a car in - and stays at my house while working and comes back to - when she has - weeks off each month. She also retains her - license for work purposes and uses my car when in -. I explained this all to - and her response was well the tax returns do not prove anything as she could be doing this to avoid paying state tax ''. I then informed her I was a - and she should not say something that she has no knowledge of tax wise and is totally untrue. She then proceeded to focus on the utility bills. In - 's words Since - paid the bills online there was no proof that her primary residence was - ''. I sent her all the water bills which come to the - address but the electric bill is only online and is sent nowhere. I then get an email that the underwriters '' found a pre-foreclosure property in - with her name attached. I thought she was kidding. It turns out that it is her Mother 's house that has been paid off for years and - has no ownership interest. She made - bother and upset he