Cardinal Financial Company, LP Mortgage Complaint

Conventional fixed mortgage Loan servicing, payments, escrow account

Cardinal Financial Company, LP Mortgage department,

Conventional fixed mortgage Loan servicing, payments, escrow account North Carolina

I mailed per Cardinal Financials website, a PMI removal letter with 1 day old Comps from a local realtor who has sold a few homes in my subdivision in the last 2 months, selling for prices that show my home has over the 25 % equity need to remove PMI. This was mailed -, I never received a response from them, after chatting with an agent of theirs on -/-/-, they said I wont be able to remove it without an appraisal from their Very Own appraiser, paid by me, and She advised me that I am not to use my own certified NC appraiser of my choice. No document I signed shows this specific requirement, and I do no trust Their appraiser to have my best interest at heart, and feel this is just another way of keeping PMI on my account use vague tricks that help them make more money from consumers. I live in the - Hottest real estate market in - NC, the comps show a average selling price of over $81.00 per sq ft, up yp $100.00 per sq ft, my balance is $130000.00 i have an extra garage, exceeding the realtime comps, and my home is - sq ft. The math does n't lie, I qualify for PMI removal, but Cardinal Financial doesnt want to remove it. I would appreciate any assistance you can provide in ridding PMI from my loan .. Thanks, - -

Cardinal Financial Company, LP customer in North Carolina
Jan 06, 2017

* Source: CFPB Complaint Database

Cardinal Financial Company, LP response to complaint:
Closed with explanation

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