Review and analysis of over 4 complaints against Cardinal Financial Company, LP
Cardinal Financial Company, LP consumers have reported over 4 official complaints related to Credit decision / Underwriting. Out of the 4 consumer complaints against Cardinal Financial Company, LP, 25% were disputed by the consumer (i.e. the consumer was not happy with how Cardinal Financial Company, LP responded to their complaint) and 100% were processed in a timely manner. 25% of consumer complaints against Cardinal Financial Company, LP resulted in the consumer receiving monetary compensation (e.g. money, cash reimbursement, etc.) and 0% resulted in non-monetary compensation.
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Cardinal Financial Company, LP Mortgage credit decision / underwriting March 22, 2017 - - recommended Cardinal financial company to finance a mortgage on a home purchase in - -, Fl. The bank took to long to process the application by holding up the processing over $140.00 non payment of old - bill and it took 4 weeks to appraise the property. The property was under appraised which should have given me the ability to cancel the sale but the appraisal took over 4 weeks to get done and I did not have the ability to cancel the sale. In the end I was forced to take out mortgage insurance on a property in order to to close. Similar properties like mine are selling for $1... |
Cardinal Financial Company, LP Mortgage credit decision / underwriting September 13, 2016 - We applied for a cash-out refinance with - to get out of an ARM with a balance of $ -, consolidate a - mortgage of $ -, and pay off debt. Specifically, I requested a full 80 % of the appraised value, which my husband and I estimated to be approximately $ -. The initial paperwork we signed showed the mortgage value of $ - associated with an $ - value We spent $520.00 on an appraisal and two months of underwriting. The appraisal came out to be less than expected - $ -. As a result, the underwriter backed out stating our Debt-to-Income Ratio was too high to take out 80 %... |
Cardinal Financial Company, LP Mortgage credit decision / underwriting April 22, 2016 - I am writing to express my frustration and to let you know that I intend to file a complaint with the - and other regulatory agencies about the neglect and misrepresentation I received from your institution. I have have been a mortgage payer for almost 20 years and NEVER have been late nor have any problems paying my mortgages even in the downturn when I could have walked away from my investments like many people in the same situation in -. I like everyone else would like the opportunity to save money and I thought that by refinancing my home that I could consolidate my debts and app... |
Cardinal Financial Company, LP Mortgage credit decision / underwriting August 25, 2015 - I applied for - refinance loans via internet from a company called Cardinal Financial. They called me, checked my credit, which is in the top 1 %, indicated they would freeze the rates if if I paid for the appraisals that day, which I did. The appraisals were completed -/-/-, with both properties being appraised with over $500000.00 in equity. The process bogged down for nearly - months from what they indicated was a work overload for their underwriters. In addition to the equity in the properties, I have no debt other than the mortgages and related insurances, - years of credi... |