Wells Fargo & Company Mortgage Complaint

Conventional fixed mortgage Credit decision / Underwriting

Wells Fargo & Company Mortgage department,

Conventional fixed mortgage Credit decision / Underwriting Pennsylvania

Reason for Contact : To file a complaint against Wells Fargo Home Mortgage. The matter does not concern the mortgage directly, but it involves their policy in change of flood insurance requirements. Due to their lack of notifying their customers in a timely manner it causes the customers additional out of pocket funds. I received the attached letter - -, dated - -, - that the new policy was in effect as of - -, -. The receipt of this letter was about a month after the effective date and 19 days after my flood policy renewal date. Had I received this letter the beginning of - I could have recalculated accordingly and not have over paid for flood insurance. When I contacted Wells Fargo 's customer service, even though they were apologetic, I was told that there is nothing they could do about it. I was also told if I provided - with a copy of this letter that I could be reimbursed for the over payment of flood insurance. My insurance man submitted all the forms to - and was told it can not be done until the next renewal date in -, meanwhile I 'm out the extra money and feel Wells Fargo should be held accountable for their actions. How can they keep treating their customers with such a lack of respect and continue to get away with it? They need to be held accountable!

Wells Fargo & Company customer in Pennsylvania
Mar 30, 2016

* Source: CFPB Complaint Database

Wells Fargo & Company response to complaint:
Closed with explanation

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