Review and analysis of over 7 complaints against Universal American Mortgage Company, LLC
Universal American Mortgage Company, LLC consumers have reported over 7 official complaints related to Settlement process and costs. Out of the 7 consumer complaints against Universal American Mortgage Company, LLC, 0% were disputed by the consumer (i.e. the consumer was not happy with how Universal American Mortgage Company, LLC responded to their complaint) and 100% were processed in a timely manner. 14% of consumer complaints against Universal American Mortgage Company, LLC resulted in the consumer receiving monetary compensation (e.g. money, cash reimbursement, etc.) and 0% resulted in non-monetary compensation.
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Universal American Mortgage Company, LLC Mortgage settlement process and costs November 11, 2016 - I applied for a mortgage thru -, affiliate of - to purchase a - home, I submitted a $10000.00 deposit to -. The loan was not approved due to the sale of my current home not going thru and I have since been denied the return of my $10000.00 deposit from -. See communication from -, -, - # - Phone # -... |
Universal American Mortgage Company, LLC Mortgage settlement process and costs April 7, 2016 - Re : my loan and mortgage payoff. It has been over 5 months (! ) since my loan was paid in full. Yet I have not had one word from UAMC re my payment. More importantly a RELEASE REQUEST from UAMC ( releasing the mortgage lien from the title ) has not been sent either to me or to the title company. This delay in sending the release request within a reasonable time of final payoff is ridiculous to say the least. My only clue as to the final payment was simply that it was recorded on the UAMC website as loan closed. Requests have been answered with " we are backed up ''. Actual personnel has othe... |
Universal American Mortgage Company, LLC Mortgage settlement process and costs January 17, 2016 - During the purchase of our home, we completed and finalized a mortgage loan with UAMC. After it was finalized, UAMC realized they made an error and could not sell the loan to a - party. They then asked us to please do them a favor and refinance the loan. UAMC would cover all expenses so we would have no out of pocket fees and then they would be able to sell the loan. I was told in writing, numerous times, that we would not have to come out of pocket for ANYTHING. On the day we were to sign the papers, the notary told us we owed $1600.00. Prior to signing anything, we called the loan off... |
Universal American Mortgage Company, LLC Mortgage settlement process and costs September 28, 2015 - The Builder and I agreed to the purchase price of $420000.00 and the builder offered to give a - % incentive and Title fees ( Approx. $12000.00 ) towards the closing cost and title fees provided, I finance through their in-house lender, Universal American Mortgage Company. The Good faith estimate showed the $12000.00 credit but the interest rate charged was 4.25 %, whereas based on my credit score of -, I am eligible for interest rate of 3.75 %. The lender structured the loan by rolling the closing cost and title fee and increasing the interest rate by 0.50 %. ( Which is exactly eq... |
Universal American Mortgage Company, LLC Mortgage settlement process and costs September 24, 2015 - I purchased a home from - in 2006, and Universal American Mortgage - handled the mortgage. I recently became aware that the second mortgage principle balance was not being reduced much, and that the mortgage was structured as a balloon ''. The second mortgage is a 15 year loan, so I thought that after 9 years worth of payments ( 60 % thru the loan period ) that my outstanding balance would be approximately 40 % of the original loan amount - $72000.00 -. Unfortunately, my balance is $ - - 93 % of original loan amount ). We were able to refinance the primary mortgage under H... |