Finance of America Reverse LLC Mortgage Complaint

Finance of America Reverse LLC Mortgage department,

Reverse mortgage Application, originator, mortgage broker Hawaii

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 posts holding up living room and basement balconies ; home hangs off a narrow mountain edge.


See - aerial of - Comp -, versus my level lot - aerial, - topo-rendering marked Comps ; attached. Did n't value " functional utility '', - - most important requirement ; - is " location '' - is " physical '' similarities. Did n't value " view '', an important buyers ' feature in - - - - - ii, -, - homes. Comp Sales Time Period is to Short, using homes sold past 45 days. My -/-/- Appraisal used 9-month old Comp. Lender determined Appraisal had expired ; see Letter -/-/-, in --page attachment. No Expiration Date in - Form - - - Appraisals ; mine say borrower can rely on Report, and use it for another lender. -/-/- case attached. Land is the value in my 40+ year old subdivision, not old homes. - sf level land area, - feet wide, sold >= $1,000,000, old --story home torn down to - wall, - - -, - sf level area, balance vertical, sold >= $1,000,000, home torn down, - - -. Lender 's appraisal management company is in violation of -/-/- CFPB Dodd-Frank Mortgage Rules. - said " we are obligated to guidelines of the Dodd Frank Act, and we are mindful not to over-impose on the appraiser independence to the point of retribution '' -/-/- email attached, thus wo n't discuss anything.