Review and analysis of over 12 Conventional Fixed Mortgage complaints against Regions Financial Corporation
Regions Financial Corporation consumers have reported over 12 official complaints related to Conventional fixed mortgage. Out of the 12 consumer complaints against Regions Financial Corporation, 8% were disputed by the consumer (i.e. the consumer was not happy with how Regions Financial Corporation responded to their complaint) and 100% were processed in a timely manner. 25% of consumer complaints against Regions Financial Corporation resulted in the consumer receiving monetary compensation (e.g. money, cash reimbursement, etc.) and 25% resulted in non-monetary compensation.
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Regions Financial Corporation Mortgage loan servicing, payments, escrow account March 6, 2017 - Regions Mortgage decided to raise my monthly payments excessively this year. Last year I paid $ 630/month and that included a little extra that came off of the balance. This year they want to raise it to $ 740./month. According to my calculations, P & I, plus the extra for a home warranty plus 1/12 of the escrow requirement totals $640.00 Regions already has a pad in the escrow account of over $1000.00. I want my payment back to something reasonable and I do n't see why they need an extra $2000.00 in the escrow account.... |
Regions Financial Corporation Mortgage settlement process and costs January 7, 2017 - -/-/-, I locked on my interest rate and the general terms of a mortgage from Regions Mortgage in -. I received a closing disclosure, which had several errors ( extraneous charges approx. $ - ), which I had corrected. In the closing disclosure, the lender estimated the Lender 's title insurance to be $1100.00 and the Owner 's Title Insurance to be $3000.00. While we did replace insurance carriers, prior to closing ( -/-/- ) the purchase price, mortgage amount, interest rate, Lender 's and Owner 's Title Insurance amounts remained constant. On the afternoon of - -, th... |
Regions Financial Corporation Mortgage credit decision / underwriting December 12, 2016 - To Whom it May concern, -/-/2016 I applied for a Mortgage Loan with Regions Bank. I was pre-approved and permitted to house hunt. I was pre-approved after submitting all the usual documentations : bank statements, tax returns, pay stubs and so forth. A month later I found a property and submitted further documentations since it was a condo. I then received a commitment letter from my Bank. I was then set to close -/-/2016. On -/-/2016, thinking I will be closing, my bank finally contacts me stating they need bank statements since they never received them. This makes me question the fol... |
Regions Financial Corporation Mortgage loan servicing, payments, escrow account July 30, 2016 - The servicing of my account was transferred to Regions Mortgage in - of 2016. They have not appropriated any of the - payments to my mortgage correctly. They have cashed the checks on time on - occasions. Proof of canceled checks are attached. The first month they actually provided me a refund for a double payment because i went onto their portal and made a payment to insure I would not be late. It took multiple phone calls submission of cancels checks and a couple of weeks to get remedied. They have since not recorded any of my other - payments - and - although they have cas... |
Regions Financial Corporation Mortgage settlement process and costs July 14, 2016 - Regions bank does not appear to be following TRID guidelines. We are down to the last few hours for me to sign the CD for my closing on Monday and Regions is very behind. Without going into the demeanor of those of I spoken with or the internal issues they are attempting to overcome, I would like to focus on their TRID process. The Production Manager, - - in the - -, SC processing center will not attempt to obtain a balanced CD for me to sign. He is insistent on sending be an incompete CD for signature which will not be sent until after business hours. Tomorrow, he will work on bal... |
Regions Financial Corporation Mortgage loan servicing, payments, escrow account June 20, 2016 - My mortgage was sold twice to new Servicing Banks. Each new Servicing Banks ( Regions Bank and - ) did not offer a bi-weekly payment program. This program is of great interested to me. To manage this lack of service I chose to pay at least 1 month ahead in full and early. After the additional payments were made I submitted partial payments equal to more than half of my monthly mortgage payment intending to create my own bi-weekly payment program. I was told that the bank can not accept partial payments even if the payment history is caught up and future payments were already paid. They sai... |
Regions Financial Corporation Mortgage application, originator, mortgage broker May 15, 2016 - Name of Financial Institution against whom I am filing this complaint : Regions Bank, - - -, - -, FL - Names of Regions Bank employees against whom I am filing this complaint : - -, Mortgage Loan Originator, Vice President ( M : - ; W : -, -- ; - - -, - - -, Regions Mortgage ( W : -, M : -, -- ) On - -, 2016, I requested - - - refund my credit card the $420.00 for the Regions appraisal fee that was PREMATURELY ordered by Regions Bank - Prior to the appraisal, - - assured me that the appraisal fo... |
Regions Financial Corporation Mortgage loan servicing, payments, escrow account April 24, 2016 - My husband and I purchased a double wide mobile home in 2001 which was put on the land we had previously financed with a loan from Regions Bank. We have been paying on this loan since, with a 7.34 % interest rate. When the interest rate was lowered, we tried to refinance the loan thru Regions and was told that they do not do mortgage loans. I have tried refinancing thru the HARP program and was told they do n't refinance mobile homes. We are retired with a fixed income and paying - a month mortgage payment to Regions. We have considered a reverse mortgage but do not know if that is a good m... |
Regions Financial Corporation Mortgage credit decision / underwriting April 8, 2016 - Regions Mortgage is not reporting correctly on several if account. This account is not in the wage warner plan. The balance is incorrect, last payment date is incorrect. REGIONS MORTGAGE - - - -, MS- ( - ) - Account Number : - Status : - Account Owner : Joint Account High Credit : $200000.00 Type of Account N/A Credit Limit : Term Duration : 20 Years Terms Frequency : Monthly ( due every month ) Date Opened : -/-/- Balance : $160000.00 Date Reported : -/-/- Amount Past Due : $0.00 Date of Last Payment : -/-/- Actual Payment Amount : $20... |
Regions Financial Corporation Mortgage credit decision / underwriting April 6, 2016 - inaccurate information in this account. improper collection practices ... |
Regions Financial Corporation Mortgage application, originator, mortgage broker February 15, 2016 - I applied with Regions Bank to obtain a mortgage for my first home. I picked out a house for - in - - and closing would be - on -/-/-. I received a closing disclosure estimate on -/-/- through email with cash to closing of -. I have a deposit of - which will bring the cash to close to -. I continued to receive closing disclosure through the mail two more times with different numbers. The initial amount and cash to closing is - difference. I figured it is just a mistake because I have yet been approved by Regions and they are still working on my paperwo... |
Regions Financial Corporation Mortgage credit decision / underwriting February 12, 2016 - Regions Mortgage is reported wage earner on credit report. The loan is being paid outside of the chapter -. ... |