Wells Fargo & Company Mortgage Complaint

Home equity loan or line of credit Application, originator, mortgage broker

Wells Fargo & Company Mortgage department,

Home equity loan or line of credit Application, originator, mortgage broker Florida

I applied for a home equity loan in - 2016. I was pre approved in -. Wells fargo ordered a full appraisal of the home. when i received the appraisal back it was clear the to appraisal company did not calculate the square footage of the home correctly underestimating the square footage by over - square feet. I brought this to the attention of Wells Fargo and they agreed an error had taken place. They escalated the complaint ultimately to the executive resolution specialist who after months of delays of supposed 'research ' sent me a form letter that home values are subjective and they are closing my application. There was not even a an attempt to address the fact that the appraisal company used a square footage that is over - square feet smaller than the home liste square footage at my county.

Wells Fargo & Company customer in Florida
Sep 27, 2016

* Source: CFPB Complaint Database

Wells Fargo & Company response to complaint:
Closed with explanation

Consumer disputes how Wells Fargo & Company handled their complaint

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