Review and analysis of over 36 Fha Mortgage complaints against Prospect Mortgage
Prospect Mortgage consumers have reported over 36 official complaints related to FHA mortgage. Out of the 36 consumer complaints against Prospect Mortgage, 39% were disputed by the consumer (i.e. the consumer was not happy with how Prospect Mortgage responded to their complaint) and 81% were processed in a timely manner. 6% of consumer complaints against Prospect Mortgage resulted in the consumer receiving monetary compensation (e.g. money, cash reimbursement, etc.) and 0% resulted in non-monetary compensation.
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Prospect Mortgage Mortgage application, originator, mortgage broker November 30, 2016 - I sold my house to a buyer using Prospect Mortgage in - as their lender. Prospect Mortgage 's -, -, is the person responsible for handling the loan. My buyer was also planning to use an - down payment assistance program to help pay the down payment. My buyer gave her offer on -/-/-, and I accepted the same day. We scheduled close for -/-/- ; on -/-/-, we found out the buyer had something pop up on her credit report that would cause a delay in close because it would prevent her from using the down payment assistance. After a couple of weeks of trying to get what we we... |
Prospect Mortgage Mortgage application, originator, mortgage broker June 2, 2016 - I was dealing with a loan officer thru Prospect Mortgage. My loan officer left in the middle of loan process to go to another mortgage company. We had the inspections and appraisal completed. We were waiting on the sellers engineer report and either my work transfer paperwork or a job proposal letter. Once the engineers report came back -/-/-, I was told that I had until - - to get either transfer paperwork or job proposal letter. The new loan officer called the sellers agent and told her he was denying my loan because I did not have either transfer or job proposal letter on - -... |
Prospect Mortgage Mortgage loan servicing, payments, escrow account May 5, 2016 - I purchased a home in - - --4.25 % 30 year through a lender that uses - to sub-service their loans. In - - the - reduced MIP by - basis points. I did a FHA Streamline Refi in - - through the same lender ( MIP reduction plus new [email protected] % 30 year ) and Cenlar remained the sub-servicer. Later in - I noticed something was weird with my loan breakdown screen in -. Someone determined that the MIP was being incorrectly collected, issued me a refund check and for the past year, each month they collect too much from escrow and refund some back. Then, this m... |
Prospect Mortgage Mortgage settlement process and costs March 31, 2016 - - - -, 2014 I obtain a FHA loan from Prospect Mortgage, LLC. The in-house counsel member - - - committed perjury in her email by stating that my mortgage loan was not sold to the secondary market. - - is the counselor for - who is a subservicer for my original lender Prospect Mortgage, LLC. Moreover, the manager for Prospect Mortgage, LLC refuses to send me a letter stating that my mortgage loan was sold to the secondary market via - -. When mortgages are bundled up in contracts and transferred to - -, the mortgages are sold to other investors as stock ce... |
Prospect Mortgage Mortgage credit decision / underwriting March 15, 2016 - Told I was eligible for a FHA loan only to be denied on the last day. I contact prospect mortgage to obtain a FHA rehab loan on a property I wanted to purchase at - - - - - GA. I was assigned - - as my lender and he obtained a credit report sometime in or around late - - early - -. I was pre-approved and told I qualified for an FHA loan and was told the process involved, which included hiring an FHA consultant for this type of loan. The consultants fee is based on the size of the renovation project. In this case the FHA consultant - - - - was hir... |
Prospect Mortgage Mortgage settlement process and costs November 4, 2015 - I as a consumer was not offered the opportunity to dispute because of Prospect Mortgage Company untimely response and their failure and incomplete response. The first untimely company response and end up no response are not acceptable. I 's like to reopen the CFPB Case # -. Through numerous emails and discussions, we disclosed our credit history and financial situation to - - when we inquired about getting a mortgage on a property in -, CO. He recommended looking in - County. We fully disclosed and provided him with all the financial documents regarding our past bankruptcy and ... |
Prospect Mortgage Mortgage loan modification,collection,foreclosure September 23, 2015 - I obtained a - Mortgage from Prospect Mortgage in - thatincluded 3 months of mortgage payments. Prospect transferred my loanto - who did not apply those payments so that when I made mypayment in -/-/- they returned the payment saying I wasin default for not paying the first 3 months. I called Prospect and was toldthey no longer service my loan and referred me back to -. I wentback and forth like that until I hired an attorney to assist me in -/-/-to see if I could get a Making The Home Affordable Modification. Aftermy attorney did research it was found out that - faile... |