Shellpoint Partners, LLC Mortgage Complaint

Conventional fixed mortgage Credit decision / Underwriting

Shellpoint Partners, LLC Mortgage department,

Conventional fixed mortgage Credit decision / Underwriting Texas

I 'm trying to refinance a home loan. When I originally spoke with the loan company, we discussed a rate that would provide me with a credit big enough to incur no closing costs. Now, the lender is telling me that I may need to bring at least $5500.00 to closing, and I have a higher interest rate than we originally discussed. I feel that this is a bait and switch on their part. Also, on -/-/16 they told me that I could close on either -/-/16 or -/-/16, and are, as of today, now telling me that I ca n't close then, and telling me that they did n't schedule closing with my Title Company, so it is n't their fault that I may incur costs to reschedule, including taking time off work so that I can sign the papers. Now I ca n't get them to tell me how much money I will need to bring to closing. I feel that they are ripping me off, and know that I ca n't do much about it since I 've already spent money on an appraisal.

Shellpoint Partners, LLC customer in Texas
Mar 08, 2016

* Source: CFPB Complaint Database

Shellpoint Partners, LLC response to complaint:
Closed with explanation

Created with Highcharts 4.2.3Shellpoint Partners, LLCComplaint HistoryComplaints1/20137/20158/20152/20163/20164/20166/20169/201611/20163/20174/201700.250.50.7511.25Source: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3Shellpoint Partners, LLCCredit decision / Underwriting72.7%18.2%9.1%Closed with explanationClosed with monetary reliefClosed with non-monetary reliefSource: Consumer Financial Protection Bureau
Created with Highcharts 4.2.3National AverageCredit decision / Underwriting2.2%77.1%5.6%6.3%1.2%5.8%1.3%0.6%ClosedClosed with explanationClosed with monetary reliefClosed with non-monetary reliefClosed with reliefClosed without reliefIn progressUntimely responseSource: Consumer Financial Protection Bureau

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