Webster Bank Mortgage Complaint

Home equity loan or line of credit Application, originator, mortgage broker

Webster Bank Mortgage department,

Home equity loan or line of credit Application, originator, mortgage broker Connecticut

I have a mortgage with Webster Bank on a condo worth $100000.00. The balance after 12 years is $47000.00 and the mortgage started at about $59000.00. My car broke down from shoddy repairs at a dealer and I applied for a Home Equity Line of Credit for $5000.00 to $10000.00 and the rejection letter I got today says I applied for a loan fro $32000.00. They are a predatory lender when trying to refinance or apply for refinance or anything regarding an existing mortgage. I asked for a copy of my application I made over the phone with my local branch - and have n't gotten it yet. I was referred to - Credit Counseling - - whom I have been to when I got the mortgage on my house -. I have had nothing but trouble with identity theft since. Webster Bank put all these identity theft flags on all my accounts and did not take that into consideration when I applied for my loan. I applied over the phone - - - -, -, CT

Webster Bank customer in Connecticut
Nov 12, 2015

* Source: CFPB Complaint Database

Webster Bank response to complaint:
Closed with explanation

Created with Highcharts 4.2.3Webster BankComplaint HistoryComplaints2/20125/20121/20132/201411/201500.511.522.5Source: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3Webster BankApplication, originator, mortgage broker50.0%16.7%33.3%Closed with explanationClosed with reliefClosed without reliefSource: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3National AverageApplication, originator, mortgage broker0.8%5.3%6.3%1.1%2.4%8.2%74.6%1.3%Untimely responseClosed with non-monetary reliefClosed without reliefClosed with reliefClosedClosed with monetary reliefClosed with explanationIn progressSource: Consumer Financial Protection Bureau

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