Quicken Loans Mortgage department,
FHA mortgage Application, originator, mortgage broker Michigan
I applied for a loan through - - Bank and was given a pre-approval. Quicken Loans underwrites their loans. Once in underwriting, I was asked - times why I was moving from my home with my husband. -, requesting my answer in writing and - by phone, on a recorded line, directly from the underwriter. My answer was consistently the same, that this property would be my primary residence. I was told that I could n't use money from my business account because the business was filed on my taxes as a partnership between my husband and I. I proved that I was the sole principal on the business. Then I was told that the mortgage would not be approved until I gave them a date of when my old rental property was charged off by the Lender. I got this paperwork too. By this time, we were two weeks post my original closing date. The earnest money deposit, inspection, and appraisal had been completed for three weeks, the underwriter then told me without a divorce decree or a legal separation agreement, they would not be able to complete the loan due to this being a primary residence '' property. This was the first I had heard of these documents being needed. All parties were aware that I was married and no one told me this until I had spent $1200.00 on the above fees and now no one will address how I can get my money back or what I 'm supposed to do about starting all over and finding a home with $1200.00 less in my budget. To make matters worse, Quicken Loans sent my lender a denial letter stating that the reason was, there were credit issues, slow pays and delinquencies. This is a lie and had never been addressed during the entire process. This home had equity in it and I want something to be done about my huge loss.
Quicken Loans customer in Michigan
Oct 07, 2015
* Source: CFPB Complaint Database
Quicken Loans response to complaint:
Closed with explanation
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