American Southwest Mortgage Corporation Mortgage Complaints

Review and analysis of 12 consumer complaints against American Southwest Mortgage Corporation

Out of the 12 consumer complaints against American Southwest Mortgage Corporation Mortgage, 33% were disputed by the consumer (i.e. the consumer was not happy with how American Southwest Mortgage Corporation responded to their complaint) and 67% were processed in a timely manner. 25% of consumer complaints against American Southwest Mortgage Corporation resulted in the consumer receiving monetary compensation (e.g. money, cash reimbursement, etc.) and 0% resulted in non-monetary compensation.

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American Southwest Mortgage Corporation loan modification,collection,foreclosure

November 29, 2016 - I am writing this letter about mistreatment by American Southwest Mortgage and I contacted them for assistance with my mortgage payments and the loan being serviced by - Mortgage - and dealing with - - - Loss Mitigation Specialist and she advised that American Southwest Mortgage will only consider extend the terms and I asked for other options and she said a person by the name of - - with - - Mortgage spoke with the CEO and he agreed with the decision and I called - and called the CEO spoke with - and she advised that the - does not speak to customer and I stre...

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American Southwest Mortgage Corporation application, originator, mortgage broker

May 5, 2016 - This is a follow up to Case # -. I have been in my home for 18 months. On - -, - the current servicer of my mortgage ran an escrow analysis that resulted in my monthly mortgage payment increasing from $1400.00 to $2600.00. This was reportedly the result of the - property taxes being grossly underestimated in the payment schedule presented to me. I have a 30-year conventional loan with a fixed interest rate. The new payment of $2600.00 is being imposed over 18 months in order to reimburse the - Escrow shortage and to make the - Escrow balance current. My finances will...

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American Southwest Mortgage Corporation application, originator, mortgage broker

May 11, 2015 - Complainant was referred by a web lending service to First South Mortgage in -, T-. -/-/2015. Complainant was contacted by said lender and conveyed intentions to secure a refi cash out loan on a Texas rental property and use for the down on a new - loan for a winter home In - -, T-. Loan officer assured me she could handle both loans by -/-/2015. Complainant entered into due diligence with loan agent. Loan agent misrepresented capacity and failed to close on dates promised, Complainant incurred - extensions and addition expense due to lender malpractice. Lender upon ...

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