Citibank Mortgage Complaint

Conventional fixed mortgage Settlement process and costs

Citibank Mortgage department,

Conventional fixed mortgage Settlement process and costs Virginia

The CitiMortgage Notary Signing Agent came to my home on -. We signed the loan docs and were complete by - -. that same day. Although the loan was a cash out refinance that I had to complete a plethora of paperwork to be approved, at no time did anyone from Citi, or -, inform me or ask me how I wanted the proceeds distributed and in the past when I have closed on loans, proceeds were distributed at closing. Imagine my surprise when at closing the Notary Signing Agent did not have a check for me. Instead, she provided me with a document asking me how I wanted the proceeds distributed. Had this document been provided to me before the closing I would have stated at closing. After having my hand forced by not making this election prior to closing, my choice was ETF. Electronic Transfer of Funds. I was very displeased with the proceeds not being distributed at closing and not having been told about this prior to closing. Citi Mortgage funded my new loan on -, as of this writing my proceeds are still outstanding and have not been disbursed to me or my bank despite my requesting etf and providing all banking information. Although I am now responsible for paying back this loan as of -/-/15 I still have not received the cash that was due and payable to me at closing on -/-/15. It has been a little while since I did a refinance this does n't seem right. Do they owe me interest like I had to pay daily interest on the loan amount?

Citibank customer in Virginia
Apr 13, 2015

* Source: CFPB Complaint Database

Citibank response to complaint:
Closed with monetary relief

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Contact Citibank

http://online.citibank.com/
800-870-1073
701 E 60th St N
Sioux Falls ND 57104
Citibank
Citibank

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