JPMorgan Chase Mortgage Complaint

Conventional fixed mortgage Credit decision / Underwriting

JPMorgan Chase Mortgage department,

Conventional fixed mortgage Credit decision / Underwriting Minnesota

We applied for a mortgage with the - Branch of Chase Bank in - for the purchase of a property on -, a cooperative building. We were issued a good faith estimate on - - and a lock-in agreement. We were issued a mortgage commitment letter on - - ( attachment - ). At this point, we withdrew our application with a competing lender because we thought the commitment Chase was binding. The Chase commitment letter had conditions - requests for more documentation. We responded to the conditions ( see attachments - ) and received assurances from the mortgage banker that we had met the conditions. Despite making every effort to satisfy the conditions of the letter - and satisfying those conditions as far we can tell - Chase reneged on its mortgage commitment on - -, five days prior to the scheduled closing ( - - ). Nor has Chase has responded for our repeated request for an explanation in writing for its decision ( attachments -, - )

JPMorgan Chase customer in Minnesota
Nov 27, 2015

* Source: CFPB Complaint Database

JPMorgan Chase response to complaint:
Closed with explanation

Created with Highcharts 4.2.3JPMorgan ChaseComplaint HistoryComplaints12/20111/20122/20123/20124/20125/20126/20127/20128/20129/201210/201211/201212/20121/20132/20133/20134/20135/20136/20137/20138/20139/201310/201311/201312/20131/20142/20143/20144/20145/20146/20147/20148/20149/201410/201411/201412/20141/20152/20153/20154/20155/20156/20157/20158/20159/201510/201511/201512/201502.557.51012.515Source: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3JPMorgan ChaseCredit decision / Underwriting2.4%72.3%9.7%3.3%2.4%8.8%1.2%ClosedClosed with explanationClosed with monetary reliefClosed with non-monetary reliefClosed with reliefClosed without reliefIn progressSource: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3National AverageCredit decision / Underwriting0.6%6.3%5.8%1.2%2.2%5.6%77.1%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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Contact JPMorgan Chase

http://www.jpmorganchase.com/
(212) 270-6000
marianne.lake@chase.com
270 Park Ave Fl 12
New York NY 10017
JPMorgan Chase
JPMorgan Chase

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