VA mortgage Loan servicing, payments, escrow account
Sun West Mortgage Company, Inc. Mortgage department,
VA mortgage Loan servicing, payments, escrow account Ohio
SUNWEST MORTGAGE. Roof damages and my insurance carrier ( - ) approved a full roof replacement. I had to inform mortgage Company Sunwest about this because the repair check was a 2 party check to me and mortgage company. After filling out all the paperwork, Sunwest informs me that they will keep up to $150.00 of the contractors money so they can pay their own inspector to come make sure work is completed. I spoke to my loan officer and my insurance carrier and neither has ever heard of this practice. I look at all my loan docs when I signed with Sunwest, and no paperwork shows that if I have an insurance claim that Sunwest will basically take a deductible out for an inspection. Now, I am going to have to owe the contractor up to $150.00 plus my deductible. Sunwest, stated they do this for the Safety of my family. They will not budge on this. I tried to even explain to them that we purchased a Permit through the county and they actually have an inspector come out and I could just forward them over the county info when completed. Sunwest said no and will still be withholding money from the repair check for their own inspector. I feel this is a shady practice and when looking for a mortgage carrier, would have never signed with them if I knew that I would be charged a fee if I have an insurance claim.
Sun West Mortgage Company, Inc. customer in Ohio
May 16, 2016
* Source: CFPB Complaint Database
Sun West Mortgage Company, Inc. response to complaint:
Closed with explanation
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