Resources for resolving common issues with Network Capital Funding Corporation products and services
The Consumer Financial Protection Bureau (CFPB) is a 21st century agency that helps consumer finance markets work by making rules more effective, by consistently and fairly enforcing those rules, and by empowering consumers to take more control over their economic lives.
The CFPB will forward your complaint to Network Capital Funding Corporation and work to get a response. After your complaint is forwarded, Network Capital Funding Corporation has 15 days to respond to you and the CFPB. Network Capital Funding Corporation is expected to close all but the most complicated complaints within 60 days.
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Network Capital Funding Corporation Mortgage application, originator, mortgage broker March 7, 2017 - I was trying to refinancing an FHA loan, my actual loan amount is $220000.00, the lender Network Capital funding corporation want to do a conventional and they changed many times the numbers, last Loan estimate was that my loan amount will be $230000.00 included the closing cost and the escrow. They ordered an appraisal, that I paid $470.00, and came out $370000.00. The lender sent me the closing disclosure with $230000.00 my loan amount with a closing cost increased for almost $4000.00. When I asked explanation they said that I told them that my house had a value of $380000.00 s... |
Network Capital Funding Corporation Mortgage credit decision / underwriting January 2, 2017 - Hello, Back in - of 2016 I attempted a Mortgage Refianance .The company I delt with locked in a low rate and documented this. There were a few issues the company was awhere of scince day -. The rate was changed twice, the last change was a few hours before signing stateing issues they knew about from day -, rate went from - to - +. Is this leagle when they locked the rate in? And had me sign loan disclosure docks? I of course did not sign after this, but the time waisted costed me a decent interest rate.... |
Network Capital Funding Corporation Mortgage application, originator, mortgage broker December 25, 2016 - I was a home buyer that entered into a contract to purchase a home. The contract included an earnest money deposit of $5000.00, and was contingent on financing. I was a small business owner and worked with Network Capital ( NC ) because they told me that the age of my business would not be a problem. After I discussed my business with - of NC I sent a follow-up email on -/-/2015 that confirmed the conversation. The lender proceeded to charge me for an appraisal fee of $410.00 and in addition I paid for a home inspection fee of $470.00 and surveying fee. The lender did not share th... |
Network Capital Funding Corporation Mortgage application, originator, mortgage broker August 8, 2016 - Some weeks ago, I contacted NetworkCapital about a refi. About a week later, I had second thoughts and informed their representative, both verbally and via e-mail, that I no longer wished to pursue the refi with them. Since informing the company, via it 's representatives, of my change in plans, representatives of the company have continued to call me at least weekly ( sometimes more frequently ), even though I told each representative I was no longer interested in pursuing a refi with them. This morning, I received another call from a NetworkCapital representative ; I hung up on the caller.... |
Network Capital Funding Corporation Mortgage application, originator, mortgage broker March 30, 2016 - We sent paper work three or for times, had four closing dates the last one was not canceled til - - when closing was set to happen at - - paper work was not right and the seem to come up with a closing cost that should have been our sellers assist plus the sellers took money of for repairs and some how our closing cost was almost $7000.00 more then were told or expected which put off us doing some really needed repairs. It took a extra month to close and almost lost the house cause the sellers almost pulled out. It really cause my wife and myself some real stressful moments. ... |
Network Capital Funding Corporation Mortgage application, originator, mortgage broker March 26, 2016 - In - 2015 I applied for a refinance through Network Capital Funding Corporation. I was given loan details, loan terms and eventually was provided with a loan commitment. ( see attached ). During that process my credit report showed items which were erroneous and I worked with the respective parties to have these items removed which they were. However, rather than requesting credit supplements from the credit bureau, Network Capital proceeded to request hard credit inquiries again and again totaling - inquiries in two months and a half months. ( the Network Capital hard inquiries are high... |
Network Capital Funding Corporation Mortgage credit decision / underwriting October 22, 2015 - I was told that I would get a loan at 3.875 % and that they could do it. I explained at first that i had a - '' agreement on my home and was told at first that it should n't be an issue. I did n't get any calls back from - and had to call several times to talk to - -, but had to call his superior.. I had to call his boss - -, who I expressed my frustration with - not returning my call, he said that - would call me back to explain why they could n't do the loan. I never received a call. I then called his boss - - and he stated that they could n't do the loan. I as... |
Network Capital Funding Corporation Mortgage application, originator, mortgage broker August 24, 2015 - Hi, my name is - - and I would like to file a complaint on Capital Network Funding in -, CA. About a week ago i had submitted documentation regarding to a mortgage refinancing with today 's low 30 years fixed interest rate thru this mortgage lender. First I was approved base on documents i had submitted to the lender which includes income from - for -, our - month worth of paystubs from our employer prior to family leave, - 's for -/-/- and -/-/-, and - months worth of bank statements and I also signed the initial disclosures package from the lender. A day or ... |
Network Capital Funding Corporation Mortgage application, originator, mortgage broker August 7, 2015 - On - -, 2015, I called Network Capital to get a rate quote on an investor 15 year fixed-rate refinance mortgage loan on a residential townhouse that I am currently renting out. I stated up-front that I needed a quote on an investor loan refinance. The loan officer informed me that the range of interest rates of 15 year fixed-rate investor loan refinances is between 2.875 % - 3.25 % depending on LTV and credit score. Based on that representation, I proceeded to provide the loan officer with my information on the address of the property, the size of the loan, my salary, the fair market val... |
Network Capital Funding Corporation Mortgage application, originator, mortgage broker June 15, 2015 - I received a refinance interrest rate offer of 3.5% from Network Capital in - California. After they completed a good faith estimate and sent someone here to do an appraisal another lender sent me an email guaranteeing 3%. I told Network about the other offer saying I think I will go with the - lender. Network immediately said they will match their offer if I could get a good faith estimate proving their offer of 3%. I told them they should have made that offer from the beginning and I wasn't going to have the - lender construct a GFE just to bring my business to them. Network began ... |
Network Capital Funding Corporation Mortgage settlement process and costs May 4, 2015 - I Refi 'd - loans -VA, -FHA with Network Capital Funding after closing the funds ststed in the signed DOCs the funds were not distributed as Pre closing docs.. I was told they adjusted the fees and other Items after signing that was not in the closing DOCuments. Se Attachment for details. In addition rate discount fees were added from the original GFE, which at the time I did not catch at signing ... |
Network Capital Funding Corporation Mortgage application, originator, mortgage broker April 11, 2015 - After many calls from the company who stated that they could assist us with getting a better rate on our home mortgage, we promptly sent all our personal informationand signed e-documents to - - of Network Captial Funding. He initiallyappeared to be very upfront, honest and knowledgeable. But was pushing us toget all the stuff to him so we could close by end of month. We asked him straight upif they could do honestly do the loan before we gave our CC number for the appraisal. - was very confident that they would successfully be able to completethe process quickly. But after the apprai... |