NVR Inc Application, Originator, Mortgage Broker Complaints

Review and analysis of over 20 complaints against NVR Inc

NVR Inc consumers have reported over 20 official complaints related to Application, originator, mortgage broker. Out of the 20 consumer complaints against NVR Inc, 20% were disputed by the consumer (i.e. the consumer was not happy with how NVR Inc responded to their complaint) and 100% were processed in a timely manner. 5% of consumer complaints against NVR Inc resulted in the consumer receiving monetary compensation (e.g. money, cash reimbursement, etc.) and 0% resulted in non-monetary compensation.

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New Application, Originator, Mortgage Broker Consumer Complaints


NVR Inc Mortgage application, originator, mortgage broker

May 5, 2016 - I signed an agreement to purchase a new construction loan from a builder. The builder has an associated lending company. I decided to shop around for a better mortgage and found a great rate with the same bank that services my checking and savings accounts. However, the builder claims to provide a significant incentive to use their lender. On the associated lender 's GFE for the loan, it shows that I would be responsible for the traditional - % of transfer taxes and then shows a much lower seller credit than the claimed incentive. When I asked about this, the associated lender explained tha...

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NVR Inc Mortgage application, originator, mortgage broker

December 7, 2015 - My husband is in the - and recently found out that due to military cutbacks, he will lose his job this summer. Knowing this, we contacted - ( -/-/- ) to let them know we would n't be able to purchase their home. The VP of - said we were under contract and since he had a job now, we had to purchase the home. I explained to him ... as per our purchase agreement, I had to proceed with good faith and let NVR Mortgage know that our financial situation had changed. He said I did n't have to let the lender know because my husband was currently employed and that I had to close on the hom...

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NVR Inc Mortgage application, originator, mortgage broker

November 5, 2015 - I built a new construction home in - -, TN with the home builder NVR, INC., operating under their Tennessee - - - -. I was promised $4500.00 in closing costs which was arbitrarily reduced to $1500.00 when I did not use their affiliate mortgage company and title company. I was pressured with a week left before my closing to sign documents altering the contract reducing their contribution of closing costs by $3000.00. I did not plan for this and was forced to tap into my - retirement savings account and pay the penalties associated. I was also forced to sign other docu...

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NVR Inc Mortgage application, originator, mortgage broker

May 1, 2015 - 1. On Friday, -/-/- - we sent an inquiry to the CFPB regarding - - ( NVR ) steering us into a loan from their mortgage company, - - Mortgage ( - ) under the guise of incentives while their - loan originator steered us into their most expensive loan with exorbitant rates, fees and junk fees. That inquiry contains more than the - characters that the CFPB Complaint Submission form allows. We would like to incorporate that document. We also have supporting documentation. Since - -, NVR has attempted to terminate '' the sales contract that we have fully complied ...

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