Caliber Home Loans Complaint

Caliber Home Loans, Inc Mortgage department,

VA mortgage Application, originator, mortgage broker Iowa

My husband and I are the sellers in this situation. Our buyers were working with a home loan company since -/-/- in order to obtain a VA loan. They are military Veterans who had moved from - to - recently. Neither buyer or seller had realtors so we depended on good communication and a reliable loan consultant. This couple had credit issues and were told at the beginning they needed to pay down some credit cards which they did. They needed to raise their credit score. Then they were told that there was a late payment to a credit card last - - - and they would be required to wait a year from that date before the loan process could proceed. Then they were told that their debt ratio was not acceptable. By this time the sellers were in need of a line of credit letter or pre qualification letter for our seller. The letter of credit is attached and dated - - however it was not emailed to our buyers until late - - -. The seller now is faced with a penalty regarding purchase of their new home because this loan process is moving so slow. They

we have not heard from anyone and the comment if " Not at all ... speak to your buyer ''. At this point My husband and I decided to visit with the loan consultant to get some answers and when we got to his office we discovered that there were no computers, phones or employees. We finally found an employee who told us that the loan consultant that we were looking for was no longer with this company. He had moved to a new loan company that moved down the hall. According to - 's website they opened this new office - -. My understanding is that it takes at least - weeks for a loan consultant to move from one company to another so this particular agent knew many weeks prior to his move that he would be leaving Caliber. We met with the office manager of - and was told she could not talk to us because we were n't her client but she did acknowledge that she knew the buyers name. The buyers have had to go elsewhere for their loan. I believe that this agency was unethical and did not put the customer first. I think they forgot that the 'customer comes first ''.