Review and analysis of over 8 complaints against New American Funding
New American Funding consumers have reported over 8 official complaints related to Settlement process and costs. Out of the 8 consumer complaints against New American Funding, 25% were disputed by the consumer (i.e. the consumer was not happy with how New American Funding responded to their complaint) and 88% were processed in a timely manner. 0% of consumer complaints against New American Funding 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 American Funding Mortgage settlement process and costs April 1, 2017 - BELOW ARE - COMPLAINTS THAT WE HAVE AGAINST NEW AMERICAN FUNDING, WHICH ARE : ( 1 ) - ILLEGALLY HELD REFINANCED FUNDS FOR TEN DAYS, WHILE THEY CHARGED $80.00 PER DAY FOR THE LOAN PAYMENT ; ( 2 ) TWENTY-NINE DAYS AFTER THE FUNDS WERE DISPERSED FROM OUR REFINANCED LOAN, NFA ( THROUGH - ) CONTACTED OUR CREDITOR AND ILLEGALLY REQUESTED THE REFUND OF $5700.00 WITHOUT PROVIDING ANY REASON OR WITHOUT CONTACTING OR INFORMING US. Here are the details of our complaints : We closed a refinance mortgage with New American Funding ( NAF ) on -, 2017, which included loan consolidation of $3... |
New American Funding Mortgage settlement process and costs September 29, 2016 - Last year we refinanced our mortgage with New American Funding to pay off some debit and potentially drop our mortgage insurance. The beginning of the process was promising but that quickly changed. The loan officer we dealt with was - -, there were many problems with the loan, - being they said they were not going to go forward with our loan after they charged the appraisal fee because our current mortgage company reported we were 30 days late. After speaking with - and - and I believe - other person explaining we had never been 30 days late I had to take matters into my own... |
New American Funding Mortgage settlement process and costs September 13, 2016 - We were the seller of a house located in - - T-. The loan company, New American Funding Inc., for the buyer of the home delayed the closing 3 times, -/-/16, -/-/16 and -/-/16 finally closing on -/-/16 without a valid contract and not providing an addendum to close the sale on -/-/16. The Lender received the appraisal 5 days before closing and failed to notify the broker or seller that the appraiser had noted a safety issue that needed to be addressed before he would sign off on the appraisal until - - - the day before closing. This left no time to c... |
New American Funding Mortgage settlement process and costs May 26, 2016 - In short, we closed. Everything looked good. our closing statement matched our pre closing docs, requiring - cash to the table. Everything looked good. We are supposed to fund today. Yesterday I got an email from our broker asking for a check for - to reimburse him for a credit on our closing docs. I am supposed to make it payable to the mortgage company and post date it. His explanation is that they gave us the credit for " advanced escrows '' as a loan and that they expect to have that money returned. They are threatening to hold up funding of our loan and / or redisclose everythin... |