Review and analysis of over 11 Other Mortgage complaints against Universal American Mortgage Company, LLC
Universal American Mortgage Company, LLC consumers have reported over 11 official complaints related to Other mortgage. Out of the 11 consumer complaints against Universal American Mortgage Company, LLC, 27% were disputed by the consumer (i.e. the consumer was not happy with how Universal American Mortgage Company, LLC responded to their complaint) and 91% were processed in a timely manner. 0% of consumer complaints against Universal American Mortgage Company, LLC resulted in the consumer receiving monetary compensation (e.g. money, cash reimbursement, etc.) and 0% resulted in non-monetary compensation.
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Universal American Mortgage Company, LLC Mortgage settlement process and costs September 24, 2015 - I purchased a home from - in 2006, and Universal American Mortgage - handled the mortgage. I recently became aware that the second mortgage principle balance was not being reduced much, and that the mortgage was structured as a balloon ''. The second mortgage is a 15 year loan, so I thought that after 9 years worth of payments ( 60 % thru the loan period ) that my outstanding balance would be approximately 40 % of the original loan amount - $72000.00 -. Unfortunately, my balance is $ - - 93 % of original loan amount ). We were able to refinance the primary mortgage under H... |
Universal American Mortgage Company, LLC Mortgage application, originator, mortgage broker June 26, 2015 - With our move to California we purchased a new home using the mortgage arm of the builder Universal Home Mortgage. Before we signed a contract with the builder we made sure everyone knew our closing expectations. We had a tight deadline to be out of corporate housing and it was communicated to all parties engaged. While our loan was not a standard vanilla file, most of the documentation had to be sent - or - times. In many cases I would forward the prior emails attaching the documentation needed. When it came down to closing they still hand not heard from the investor so they proceeded w... |