New American Funding Mortgage Complaint

New American Funding Mortgage department,

Reverse mortgage Application, originator, mortgage broker Nevada

I WISH TO FILE A COMPLAINT AGAINST -. DBA NEW AMERICAN FUNDING FOR UNETHICAL ACTIONS, RESPA VIOLATIONS, & BLATANT BAIT & SWITCH WHICH OCCURRED DURING THE PURCHASE OF A HOME IN - - , NV. ON -/-/2015, SET TO CLOSE ON -/-/2015. MY CLIENTS RELIED ON PERSONAL INTERVIEWS, LOAN APPLICATION, A CLASS ON REVERSE MORTGAGES & THE REPRESENTATIONS MADE BY NEW AMERICAN FUNDING & THEIR STAFF. ONE DAY PRIOR TO CLOSE OF ESCROW, MY CLIENTS WERE TOLD THAT THEY NEEDED AN ADDITIONAL $16000.00 TO CLOSE THE REVERSE MORTGAGE. WHEN THEY CAME TO - - THE NE-T DAY, THE LOAN DOCUMENTS, WHICH ARRIVED AT THE LAST SECOND, CONTAINED NUMEROUS ERRORS & INCONSISTENCIES AND THEY WERE GIVEN NUMEROUS ESTIMATED COST SHEETS THAT WERE ALL DIFFERENT, GENERATED DAYS APART. THE LENDER, IN SPITE OF PLEADING FROM THE ESCROW OFFICER & MYSELF FAILED TO INCORPORATE THE TITLE COMPANIES FEES & COSTS INTO THEIR ESTIMATES & GAVE MY CLIENTS INCORRECT INFORMATION ABOUT THE AMOUNT OF MONEY NEEDED TO CLOSE THE TRANSACTION. IN GOOD FAITH MY CLIENTS WERE GETTING A REVERSE MORTGAGE, PUTTING NEARLY - % DOWN, BUT COULD NOT GET TRUE COSTS FROM THESE PEOPLE. WE CHECKED AFTER THE TRANSACTION FELL APART & THERE WERE, -/-/-, - COMPLAINTS AGAINST NEW AMERICAN FUNDING FOR SIMILAR REASONS. AS A DIRECT RESULT OF THEIR ACTIONS, MY CLIENTS LOST THE HOUSE SURRENDERED $10000.00 EARNEST MONEY TO THE SELLER, AND PAID $3500.00 IN TRAVEL E-PENSES TO COME TO - - TO PURCHASE THE HOME. I WORKED DILIGENTLY FOR 18 MONTHS WITH MY CLIENTS EARNED THE - % COMMISSION OF $12000.00 AND LOST IT. TOTAL LOSS TO THE - OF US - $26000.00. ALSO INCLUDING THE APPRAISAL OF $450.00 AND $400.00 FOR THE INSPECTION. THIS COMPANY IS A TRAVESTY AND NEEDS TO BE STOPPED REGARDING THESE EGREGIOUS PRACTICES. WE RELY ON YOU TO HELP US AND RESOLVE THIS SITUATION. WE LOOK FORWARD TO YOUR RESPONSE. THANK YOU,