Review and analysis of over 53 complaints against Wells Fargo & Company
Wells Fargo & Company consumers have reported over 53 official complaints related to Credit decision / Underwriting. Out of the 53 consumer complaints against Wells Fargo & Company, 8% were disputed by the consumer (i.e. the consumer was not happy with how Wells Fargo & Company responded to their complaint) and 100% were processed in a timely manner. 6% of consumer complaints against Wells Fargo & Company resulted in the consumer receiving monetary compensation (e.g. money, cash reimbursement, etc.) and 2% resulted in non-monetary compensation.
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Wells Fargo & Company Mortgage credit decision / underwriting March 31, 2017 - This is a simple request. I want Wells Fargo Home Equity Loan to report the correct Balance and monthly payment amount to the credit reporting agencies. Specifically, HELOC # - was reported -/-/2017 ( see attached ), after filing a dispute with all three credit reporting agencies one month ago, that the monthly payment was NOT $11000.00. The current monthly payment amount is $1200.00 as of -/-/2017. The principal balance on -/-/2017 was $410000.00. Please report the -/-/2017 monthly amount due and the principal balance on that date. This issue of incorrect balance reporting a... |
Wells Fargo & Company Mortgage credit decision / underwriting March 16, 2017 - I received a - C Cancellation of debt for this account years ago. This is an old outdated account past the retention period. This account must be removed from my - as it is causing me irreparable financial harm.... |
Wells Fargo & Company Mortgage credit decision / underwriting March 16, 2017 - This old Wells Fargo Bank account is causing me irreparable financial harm. I was issued a - Cancellation of Debt years ago.... |
Wells Fargo & Company Mortgage credit decision / underwriting March 2, 2017 - -/-/- changed insurance to - - -/-/- Insurance disbursed was - - where is that monies ) You said a partial refund was deposited into my escrow -/-/- of -. So that mean I should have been over my escrow amount. So I should have gotten a refund. Escrow statement dated -/-/- my - payment is - Escrow statement dated -/-/- my Current payment is - That is not my current payment. I am payment more for my Mortgage then suppose to based on the Escrow statements. Where is he refund. Someone is doing something with this money.... |
Wells Fargo & Company Mortgage credit decision / underwriting February 4, 2017 - I HAVE RECEIVED A LETTER FROM WELLSFARGO DATED-/-/2016 SUBJECT A CREDIT TO YOUR MORTAGE ACCOUNT LOAN NUMBER - @ - - -, - , MO -. IT SAYS. WE ARE WRITING TO LET YOU KNOW THAT A MORTAGE ACCOUNT REFENCED ABOVE WAS IMPACTED BY THE SETTLEMENT AGREEMENT, WHICH PROMPTED US TO PERFORM A REVIEW OF THIS ACCOUNT. DURING THE REVIEW WE DETERMINED THAT IS MORTAE ACCOUNT IS DUE A CREDIT. WE APOLOGIZE FOR THE INCONVENICE AND HAR CREDIT YOUR ACCOUNT.IT GOES ON A SAYS. DURING OUR REVIEW WE DETERMINED THAT THE ACCOUNT IS DUE A CREDIT OF $330.00 AS A RESULT OF AN ESCROW ACCOUNT PROCESSING DE... |
Wells Fargo & Company Mortgage credit decision / underwriting January 13, 2017 - The summary of documents I received from WFHM, included and attached are the payments WFHM chose to omit. For whatever reasons they chose to do this, has cost me a chance to refinance and due to the fact that WFHM does not report my mortgage. It has also affected my credit score for years, the re-affirmation paperwork was never sent to the - - - -. I have gone directly to - and spoke with - - - directly and his staff and WFHM, failed to send the required paperwork to the - and Courts. Additionally, they are refusing to re-affirm the loan and refusing to take responsi... |
Wells Fargo & Company Mortgage credit decision / underwriting January 5, 2017 - In -, we had a mortgage with Wells Fargo Financial. On -/-/-, we signed a Deed in Lieu of Foreclosure issuing the property to Wells Fargo Financial. The house was subsequently sold to another buyer that year. In -/-/-, Wells Fargo reported on my credit report that they had received a deed for collateral in lieu of foreclosure on a defaulted mortgage in -. This could not be possible because the deed was signed in -. I tried repeatedly to dispute the information with Wells Fargo and the credit bureaus. I provided a copy of the signed and notarized Deed In Lieu of foreclosure c... |
Wells Fargo & Company Mortgage credit decision / underwriting December 14, 2016 - Was promised by Wells Fargo that I qualified for 10.1 % downpayment on jumbo loan. In fact, I received a pre-approval stating as much. I shopped around at other banks and those required a 15 % downpayment, so I chose Wells Fargo. About one week after the offer had been accepted, WF stated that the downpayment would need to be 20 %. Needless to say, on a sales price of $900000.00, this made a huge difference and because of the post-cash liquidity requirements we were forced to make withdrawals from our IRA in order to keep the deal. In the ultra competitive real estate market in -, I could... |
Wells Fargo & Company Mortgage credit decision / underwriting December 10, 2016 - weiis Fargo continues to show me in arrears on a line of credit account by some $ - which they admit is an insurance charge despite my contention that I have provided them insurance papers.This arrears listing has cost me numerous credit applications and they promise to correct it but have not/ How do I, a little old retiree stand a chance against such a monsterious corp. Thank you for any help.... |
Wells Fargo & Company Mortgage credit decision / underwriting December 1, 2016 - I recently reached out to Wells Fargo, my bank for refinancing my loan. My current loan is with Wells Fargo. After indicating that I wanted to pull money from my equity to pay outstanding credit card accounts ( totaling $ - ) to raise my credit score from - to a higher number and reducing my outgoing expenditure, the loan officer assured me that with my income, this should be no problem. Did the appraisal, property was appraised at $ -. Current loan is $ -. They told me to contact all creditors and close the accounts so I can qualify for the line of credit as well as the refinance.... |
Wells Fargo & Company Mortgage credit decision / underwriting November 4, 2016 - We chose Wells Fargo Bank to be our home mortgage lender because of our trusted relationship with the bank. The bank has not properly addressed our fiduciary needs and has been negligent throughout our mortgage loan application. Timeline of Loan Application Received a pre-approval letter from Wells Fargo on -/-/16 and then made an offer on a home and had an executed contract on -/-/16, with a closing date of -/-/16. On -/-/16, Paid $510.00 to Wells Fargo, covering the loan application fee and the cost of an appraisal. Underwriting questions were answered on -/-... |
Wells Fargo & Company Mortgage credit decision / underwriting September 29, 2016 - Wells Fargo Home Mortgage is incorrectly reporting an account on my credit report. My account was closed in - and for some reason Wells Fargo reported to - in - which is voiding the item from falling off the - bureau by statue. I contacted Wells Fargo and they told me my file was archived and they could not verify information or help. This reporting is in violation of fair credit reporting practices and also preventing me from obtaining a new home loan.... |
Wells Fargo & Company Mortgage credit decision / underwriting September 25, 2016 - I am disputing an erroneous notation on my Credit Report by Wells Fargo, stating I have a foreclosure on a home in -. In - I was solicited by Wells Fargo for a Loan Modification ( which I since learned was not permissible, per the Missouri Attorney General 's Office ). I was also asked by the loan officer handling the modification to create a false - from a company I owned, in order to be eligible for the loan. I explained that was illegal and I would not do it. The same loan officer requested the same illegal action a second time on a different day. When I informed her it was illegal... |
Wells Fargo & Company Mortgage credit decision / underwriting September 16, 2016 - On, - -, 2016 we were denied a Loan Modification by Wells Fargo because they say our income is inadequate ..., we qualified for the loan mod process because of the unemployment criteria ; I have been unemployed since - - ' and I am in school with - - program, funds of $7500.00 while I am in school ... even tho it is n't required by - - -, I have been steadily looking for work and interviewing. Its seems peculiar to offer loan mods to people on unemployment and still expect them to achieve a debt ratio of 38 % -what is the point- that 's what a conforming refi requi... |
Wells Fargo & Company Mortgage credit decision / underwriting September 15, 2016 - Wells Fargo has foreclosed on my mortgage loan and is trying to take possession of my home without having given me the proper opportunity to modify the loan ; nor did they submit subsequent notices as required by law ; and they used Atty. - - an employee and attorney for - - - claiming to be a - representative to fraudulently assign the property ( ROBO signature ). Though I have taken this complaint to Appeals Court, the issue was never answered in response to my original complaint : That nothing in Wells response shows they qualified or considered me for - ; Wells violat... |
Wells Fargo & Company Mortgage credit decision / underwriting September 13, 2016 - I applied for a first time homebuyer loan and was told that no action could be taken at the time because of my credit score, However there was correspondence on my behalf to other lenders which asked me for all my iformation but still denied me an opportunity to even work with a mortgage company.... |
Wells Fargo & Company Mortgage credit decision / underwriting September 9, 2016 - I applied to Wells Fargo for a - home mortgage. After submitting all documentation, they preapproved me to proceed. While in attorney review, they were delaying my mortgage commitment for no apparent reason, however offered numerous written assurances that our commitment would be forthcoming. After my contractual commitment to have a mortgage expired with the seller, WF informed me that they could only finance my loan as a conventional mortgage. They further assured me that they could meet my fund request of - % loan to value but the interest rate would be .5 % higher. 3 weeks later, t... |
Wells Fargo & Company Mortgage credit decision / underwriting September 9, 2016 - I have being discriminate cause of my not knowing to much on identity fraud so when i report it stolen no one care to help me. I have being acuse for things i didnt do an was denied of my benefits. I will like an investigation on all my financial an all records from all banks an have my righst givin back as well my morals an my integrity. Or i will star filling a federal courf law investigation... |
Wells Fargo & Company Mortgage credit decision / underwriting September 9, 2016 - My husband and I applied for a mortgage loan with Wells Fargo, were approved for a determined amount and were advised of a monthly payment based on that amount. I inquired about whether or not the monthly payment was accurate because it seemed too low, and was advised via email and via telephone that the monthly payment was accurate. We built our house with that understanding but once complete and we were to sign paperwork for our mortgage loan, we were told they miscalculated our monthly payment and it would actually be $300.00 higher than what we were quoted.... |
Wells Fargo & Company Mortgage credit decision / underwriting August 8, 2016 - My partner and I applied for a HELOC with Wells Fargo Bank. We have a mortgage with another bank, but they do n't offer these types of loans and we 've been banking with WFB for 40 years ( me ) and 25 years ( him ). At the time of the application, I told WFB there was a small medical bill ( just over $300.00 ) that I refused to pay because the company would not tell me what it was for, and it was sent to collections. The bank said that should n't be an issue. My credit score came back at -, which was a surprise to me, and they refused the loan on that basis alone. My partner 's score is -... |
Wells Fargo & Company Mortgage credit decision / underwriting August 4, 2016 - We have a home loan with Wells Fargo Home Mortgage. We are attempting to refinance our home with another company and when they ran our credit report, they found that Wells Fargo has not submitted our payment information for the last four years. When they call Wells Fargo, they admit there have been no missed or late payments but they refuse to submit the information to any bureau. This neglect has lowered our credit scores and prohibited us from getting a conventional loan. This is going to cost us thousands of dollars over the coming years.... |
Wells Fargo & Company Mortgage credit decision / underwriting July 21, 2016 - Hi This Complaint Is About My Lender ( WELLSFARGO BANK ) My Lender Is Trying To Defraud Me. The Way The Ca n't Keep My Property With Using Different Information. I Fax Document One Representative From One Department Saying That They Never Received Any Document And A Other Department Telling Me That They Did Received The Document Please Help Me With This Matter Since The Want To Sale My Property Telling Me Lies OnLy Lies Please Help Me My Account Number Is -... |
Wells Fargo & Company Mortgage credit decision / underwriting July 21, 2016 - Undoubtedly mortgage refinancing solely to take advantage of lower interest rates is of unquestionable benefit to consumers who are currently paying high interests rates on their mortgages. However, this probable benefit is greatly diminished, and in some cases practically eliminated, by the puzzling practice of banks to consider this type of refinancing as brand new loans with all its inherent high costs. Other than the change in the rate of the promissory note and its corresponding recording, on an existing mortgage there is n't absolutely any consequence to the collateral held by the bank... |
Wells Fargo & Company Mortgage credit decision / underwriting July 11, 2016 - Also attached, please find mortgage invoices. Please note the alleged difference in interest rates, yet the monthly obligation remains unchanged as of this date. However, according to bank representatives, the rate was supposed to have been lowered several months ago after I completed the entire mortgage process and was awaiting closing, I was told that I did not qualify for a - loan because my loan was a home equity, and not home mortgage. ( Please see attached email ) As you will note, nothing on my mortgage documents state that it is a home equity ( as I 've been told many times by mortg... |
Wells Fargo & Company Mortgage credit decision / underwriting July 2, 2016 - My credit bureau report shows me being late with my primary Wells Fargo loan and a second lon as - being late./ This is an error. I was late as indicated in my file for the second loan but the first mortgage loans was always on time and was not late. How do I have this changed? I 've written to the bureaus on-line but have never received a response back.... |
Wells Fargo & Company Mortgage credit decision / underwriting June 30, 2016 - My mortgage is at about 6.5 %. Refinancing sounds like a good idea - as far as getting a better rate, lower payments, etc. - but I do not trust the entities that are holding my mortgage or that are offering the refi 's. I suppose that this is mostly about my fears regarding the mortgage, in that none the other entities involved in my mortgage - original bank, inspectors, appraisers - seem trustworthy. The value of my home has been re-assessed downwards twice by my home county since closing. I am aghast that no one had a fiduciary responsibility but me. In that a refi seems to mean that the... |
Wells Fargo & Company Mortgage credit decision / underwriting June 27, 2016 - Wells Fargo has a ***derogatory remark on my Credit Report***. I went through a bankruptcy that was discharged in 2014. MY HOUSE was NOT included in the bankruptcy! I have not missed a mortgage payment in 11 + years since I bought the house. This is stopping me from applying for a re-finance or another house purchase since I am looking to downsize. That remark needs to come off from Wells Fargo!!! Help me please ... .Thank you, - - - ************None of those options below apply to me, not sure what to check off*****... |
Wells Fargo & Company Mortgage credit decision / underwriting June 27, 2016 - The purpose of this letter is to request a formal review of our loan modification that occurred last year. The entire experience was very painful as we were working with - - and then requested a new representative. - - became our focal point and after the long process of being denied a few times and served with foreclosure papers. We were in constant daily communication with - beginning in - -. Although - was not working then so she could not provide proof of employment, she received a severance package so we clearly had the funds to make full mortgage payments. The r... |
Wells Fargo & Company Mortgage credit decision / underwriting June 26, 2016 - Wells Fargo Mortgage lending financial institution offered me a pre-qualified lower interest home refinance loan for a current mortgage home loan I had with Wells Fargo since - 2010. As result I applied for the home refinance loan since it would give me $35000.00 in interest savings over the remaining life of the loan compared to the current interest rate I have on my existing loan. Once the application process started I provided Wells Fargo with every individual piece of financial information required to support my application, such as, 401K account statements, paystubs, and paid $550.0... |
Wells Fargo & Company Mortgage credit decision / underwriting June 24, 2016 - i was approved for a loan by wells Fargo for the amount of - to purchase a home from my uncle they needed a signed gift of equity letter but my uncle refused to sign it then the bank said they would have to issue a loan differently - set up a loan with - percent down and a escrow account 2 weeks before closing he said the underwriter needed - percent down of which i did not have then he recommended rerunning my credit score without telling me if it was lower he would not provide the loan nothing change on my credit score as far as i knew except some bills were removed from collecti... |
Wells Fargo & Company Mortgage credit decision / underwriting June 7, 2016 - We were 2 1/2 hours from closing when we got a call saying our loan has been denied. We have been working with Wells Fargo for 7 months to secure this mortgage. We have - commitment letters, inspections, appraisals and - closing Disclosures. - times we thought we were closing, Wells Fargo would call us on a Friday Evening with the bad news they wanted more documentation and we would not be closing the next Monday. We have moved over half our possessions into storage, we have given our landlord notice and the utilities on the for our new house are in our name. Because of Wells Fargo 's... |
Wells Fargo & Company Mortgage credit decision / underwriting June 3, 2016 - Bait & Switch predatory lending from Wells Fargo mortgage consultant - - - - # - -. He promised me a $1000.00 credit at closing, $500.00 from Wells Fargo and $500.00 through Union Plus. He did n't say I had to do anything, apply for anything, qualify for anything. Turns out the - was only for first time home buyers, which I am not, which he knows I 'm not from my first conversation with him, because he requested I write a letter explaining my 2009 short sale. Wells Fargo still owes me $500.00 of the $1000.00 that was promised to me upon closing. I 've pat... |
Wells Fargo & Company Mortgage credit decision / underwriting June 3, 2016 - During Chapter -, Wells Fargo reporting - missing payments. Mortgage was never in arrears going into filing, - payments made on time each month, mortgage was never behind. During this time period we sought a loan modification at which time Wells Fargo held payments in suspense account. They will not correct the credit reporting. ... |
Wells Fargo & Company Mortgage credit decision / underwriting May 31, 2016 - Wells Fargo is threatening to foreclose on my house because I missed - payments on my 2nd mortgage as part of an informal agreement during a failed modification last year, even though my 1st mortgage has always been current and I make regular payments on my 2nd mortgage. They claim that they can do this because WF is the servicer on my - - 1st mortgage. This is the first time in over - years of credit history that I have EVER been behind on payments and all of my other credit is fine. After attempting to refinance this loan since -, In mid -, when my unemployment ran out, I ... |
Wells Fargo & Company Mortgage credit decision / underwriting May 30, 2016 - I am writing this letter because I have fought and fought to save my home in -, Wells Fargo Bank N.A . have denied my application for modification I am afraid me and my children will become homeless. Wells Fargo Bank and its attorneys have refused to offer me an affordable modification under HAMP, nor have they inquired as to my financial, qualifications so that I may stay in my home with my family. -/-/- I relied on 12 USC 95 a ( 2 ) to transfer my interest in the mortgage and note to the Unites States, yet Wells Fargo Bank has not discharged the debt and is still moving to remove pro... |
Wells Fargo & Company Mortgage credit decision / underwriting May 19, 2016 - At few years ago, due to a family death, I requested my mortgage company to allow me to miss a payment so I could attend my sisters funeral out of state. I was told that I could do a remodification ( but could not make a payment for 3 months ). I explained that I could make the 3 payments but, I was told during the modification, I would not be allowed to make payments, that the company will notify me when my next payment would be do. This has caused a big bite out of my credit report. I need your help in getting this removed. ... |
Wells Fargo & Company Mortgage credit decision / underwriting May 18, 2016 - I been trying to get a loan modification with well fargo bank for the last 3 yrs.it 's look like they 're do n't want to work with me.I feel that i 'm making enough money to work out this problem.please I need help to try to keep my home.thanks. ... |
Wells Fargo & Company Mortgage credit decision / underwriting May 9, 2016 - On - -, 2016, my son and I called Wells Fargo to apply for a Home Equity Loan. We spoke with - - ( Tel. - ext. -. ) She explained the process and told us it would take - weeks to close on the loan. We told her that remodeling and updating was being done and she said that as long as it was n't a new home construction, it was OK. We were pre-approved, and were told that there would be a drive by inspection. When the inspector drove by, we were painting the exterior. He reported back to Wells Fargo that the house was under construction. After telling them that the house exte... |
Wells Fargo & Company Mortgage credit decision / underwriting April 23, 2016 - I sold my house in - -, - -/-/-. Two days prior to the new owner taking over, I boarded a plane to -. All of my belongings including furniture, clothing and automobile, were also transported. The money from the sale of the house was deposited in my bank account shortly after my arrival. I immediatly began paying bills. Since I had used online bill pay for years it only took a few days for my creditors to receive payments. My credit card debt was about -. when I left -, I paid about -, and today I owe about $8000.00. I would love having a home, that I can call my own... |
Wells Fargo & Company Mortgage credit decision / underwriting April 15, 2016 - I had a mortgage that was refinanced in -/-/- and my name was removed due to the other joint owner - - financed it by herself yet - is reporting it being closed in -/-/- instead of -/-/- and reflecting on my credit till -/-/-. I need this matter to be corrected. WELLS FARGO HOME MORTGAGE Address : - - - - -, IA - ( - ) - Account Number : - .... Address Identification Number : - Status : Paid, Closed/Never late. Status Details : This account is scheduled to continue on record until -/-/-. This item was updated from our processi... |
Wells Fargo & Company Mortgage credit decision / underwriting April 8, 2016 - Wells are not responding with solutions to our problems ; They writer have not followed thru with promises of settlement they offered ; Here is a total succinct summary of Wells ' offers and settlements needed ; 1 ) Well 's offered to delete the " late payment '' charges of about $5000.00, but have not followed up with confirmation of this. 2 ) Well 's have not confirmed the amount of additional income needed to qualify for a modification based on our recent application for a modification. If we had this we would know what to aim for, instead of this lack of transparency. 3 ) We must rea... |
Wells Fargo & Company Mortgage credit decision / underwriting April 8, 2016 - Case number : - Please be advised that this complaint has not been resolved. You have a history of the course of events surrounding my experience with Well Fargo, who established an escrow account because Wells Fargo violated my payment agreement with the - Taxing Office and the - Water board by paying my bill and establishing an escrow account and adding over $ -/month to my mortgage payment.. Well many months have passed and finally, after I paid off the escrow and actually paid too much, a refund was due to me in the amount of $920.00 as confirmed by - - in correspondenc... |
Wells Fargo & Company Mortgage credit decision / underwriting April 5, 2016 - In -, my wife and I got a modification for our mortgages. From the - bureaus they were reporting late payments. I pulled my credit report and the mortgage was supposed to be reporting positive but did n't. I called my lender in - - to find out why my loan was not reporting positive and was told that my wife filed a chapter - in - and they can not report any activity to the bureaus unless my wife 's attorney re-affirms the loan. Later on I filed an online dispute with all bureaus. - updated the file and closed the account. - did the same. - verified the information ... |
Wells Fargo & Company Mortgage credit decision / underwriting March 30, 2016 - Reason for Contact : To file a complaint against Wells Fargo Home Mortgage. The matter does not concern the mortgage directly, but it involves their policy in change of flood insurance requirements. Due to their lack of notifying their customers in a timely manner it causes the customers additional out of pocket funds. I received the attached letter - -, dated - -, - that the new policy was in effect as of - -, -. The receipt of this letter was about a month after the effective date and 19 days after my flood policy renewal date. Had I received this letter the beginning... |
Wells Fargo & Company Mortgage credit decision / underwriting March 28, 2016 - My wife and I are senior citizens and we were told incorrect information by Wells Fargo Bank branch - - - Florida. My wife and I went into the bank to have them adjust a monthly service charge to my business account.. At that time, we asked the service representative - if Wells Fargo had an interest only home equity loan. She said they did and sent me to - - who is the financial advisor for that branch. We talked with - at length about the interest only home equity. We stated that our present home equity with - - - was expiring in a year and - - - did not... |
Wells Fargo & Company Mortgage credit decision / underwriting March 27, 2016 - Mortgage Loan Number - In 2003, my wife - and I received a mortgage for >= $1,000,000 at 6.5 % interest from Wells Fargo Home Mortgage Company. Wells Fargo Home Mortgage Company promised they would refinance our mortgage when the mortgage interest decreased by 2 % or more. Since inception of our loan, we were denied numerous times by Wells Fargo Home Mortgage Company to refinance our mortgage. They have used the following illegal tactics to avoid refinancing : 1. Refusal to accept written applications for mortgage refinance. Instead, will only accept verbal applications ( Inquiry ). Th... |
Wells Fargo & Company Mortgage credit decision / underwriting March 26, 2016 - In - 2015, during a 3-way conversation with Wells Fargo rep and - -, WF rep talked about my account information that was outside the realm of what the refi company was asking for. I only gave permission to the WF rep for each question that the - - asked, so there was no need for the WF rep to volunteer any information or say anything unless I gave permission for her to answer the - rep question. Without being asked, the rep talked about my monthly payment and stating the amount that was due and asking when would I be making a payment. The refi person stated that she should no... |
Wells Fargo & Company Mortgage credit decision / underwriting March 22, 2016 - I am currently in the process with Wells Fargo for a mortgage. I told Wells Fargo that some of the information is inaccurate on the report and all items are at a $0.00 balance but not reflected on the report they have. I asked them to re-pull an updated report, they are telling me that they are not allowed to update my report unless it expired. This will cause me to have a much higher interest rate. According to UDAAP this is also highly discriminatory as numerous other Wells Fargo customers normally update their credit reports to reflect updated and more accurate information. If they thou... |
Wells Fargo & Company Mortgage credit decision / underwriting March 10, 2016 - -/-/2016, I applied online for a refinance with Wells Fargo Mortgage. Documents requested were submitted through the online portal. I was requesting some cash out to satisfy another loan as well, so the total amount requested was around $110000.00. As I monitored my application online, I noticed that the amount requested increased to $110000.00. I emailed the contact I was given, and inquired as to why the increase, since I had not requested it. I was told that amount would consolidate all my mortgage debt. All documents required for a decision were submitted, and I received a conditiona... |
Wells Fargo & Company Mortgage credit decision / underwriting March 9, 2016 - I applied for a loan with Wells Fargo Bank in order to get my roof repaired along with internal ceiling damage. I informed the mortgage banker of why I needed the loan before we started the process. I was pre-approved after my credit checks. After going through the loan process, I was denied at the appraisal stage due to the leaking roof and ceiling damage. It was stated that I do n't have sufficient collateral. The house is FULLY paid off and appraised at $ - after repairs which were estimated at $ - by the appraiser, yet Wells Fargo will not give me any type of loan. That is plenty of ... |
Wells Fargo & Company Mortgage credit decision / underwriting March 6, 2016 - Dear - - I appreciate the letter Dated - -, - As we have been working on lien release for almost two years Wells fargo has reconvened liens for another property not related The judgement listed in the attached title report is unrelated to mortgage listed in Wells Fargo letter received - related to another mortgage. The money judgement is not related to - - - - see title report For the record - - - - in fact did receive a check from Wells Fargo - see entire account history -/-/--/-/-, however I agree should not have. - - - request for funds... |
Wells Fargo & Company Mortgage credit decision / underwriting March 6, 2016 - Essentially I got tricked into selling my house in a manner I was unaware of. Instead of the buyer paying off my mortgage and getting their own, it got put into some sort of owner financed deal which left the mortgage in my name. I ca n't have this, because of this mortgage account I can not get approved for any loans because my income to debt ratio is so far off. The mortgage is also in extremely poor shape and borderline to foreclosure again. I am unable to contact any of the other parties in the deal and the contact I did have with them did not help. I have the right to foreclose the prope... |
Wells Fargo & Company Mortgage credit decision / underwriting February 25, 2016 - We have been planning to do a significant house project ( cost around $200000.00 ). We were made aware of another opportunity through a different bank to take out a HELOC at the 90 % loan-to-value rate. We were considering this opportunity, but when we reached out to WF -/-/- to see if by chance they would be able to help us, they suggested that they could and they could be competitive with the other bank. They told us they would be willing to do up to an 85 % loan-to-value at a comparable interest rate. We had our house appraised and we eventually closed on a HELOC with WF. The house a... |