Complaint Review: Quick Quote Mortgage
Quick Quote Mortgage Company would not complete a mortgage after rates went up Valrico Florida
*Consumer Comment: The website has some red flags
On 10/23/2013 I agreed to a mortgage and completed an application with Greg Wellmaker @ Quick Quite Mortgage. He immediately took a credit card for payment of a credit report, and then sent a Truth In Lending form, the written applicaiton, and a requeest for additional paperwork to support the mortgage (tax records, employment history, income verification, etc). I submitted all paperwork in less than 24 hours.
Over the next almost two months, i reached out to Quick Quote Mortgage requesting a status as rates were going up and i wanted to make sure we would close the mortgage. Each time, there were delays in getting a resonse, but eventually they replied that they had everything they needed from me. Eventually, i mailed them asking how they could close a mortgage so long after we locked in. After another 5 days delay, they finally came clean and said they could not proceed with the mortgage as originally discussed, even though i had submitted all paperwork in under a day, and even though I had been in contact with them almost every week since we initiated the process.
On 12/16, approximately 54 days after the original lock in date, I recieved an email letting me know they could not process the loan, but that i could lock in at today's rate (a full .25% higher). On a 15 year loan my size, that represents more than $10,000 in additional interest payments. I asked to speak to the owner and he has not responded.
This report was posted on Ripoff Report on 12/16/2013 12:45 PM and is a permanent record located here: http://www.ripoffreport.com/reports/quick-quote-mortgage/valrico-florida-33594/quick-quote-mortgage-company-would-not-complete-a-mortgage-after-rates-went-up-valrico-fl-1107424. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
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