Report: #1278344

Complaint Review: Quicken loans

  • Submitted: Wed, January 06, 2016
  • Updated: Wed, January 06, 2016
  • Reported By: Louis — Woodland Hills California USA
  • Quicken loans

    Detroit, Michigan
    USA

Quicken loans I applied for a home mtg. loan and got the biggest run around of my life. It took quicken over a months to finaly tell me that my funds could not be proceed.  Detroit Michigan

*UPDATE Employee: Quicken Loans Review

Show customers why they should trust your business over your competitors...

I applied for a home mtg. loan and got the biggest run around of my life. It took quicken over a months to finaly tell me that my funds could not be proceed. Due too government restriction via FHA. Two minor litigations for slip and falls from the property management team -  RossMorgan Co (The Met Woodland Hills). This is a 1300 unit condo property, with vast resources.

I provided all documentation for the loan within an hour at each request. Same for any subsequent documentation.

They strung out the timeline, as I was assured everything was perfect. Excellent Credit, 1000.00 debt, debt to loan excellent,  NO RED FLAGS (other than this silly litigation for modest amount). Min you this property is the most sold in Los Angeles.40+ units last year, a number if the FHA (Bof A, Citigroups, ETC. mortgage lenders). This property sells all the time FHA - never had refinance or financing issues. Somethings a miss.

I continually followed for status. While they returned the calls, they were not listening and blaming on the government FHA program. 

Please avoid QuickenLoans. QuickenLoans abused the FHA guide lines. 

Whether recent increases to loan percentage rates (locked in @4.375) or Just getting deposits (500.00 - Appraisal, fees- say they would refund some all other had no luck). This is a pretty shady practice. Steer Clear.

 

Quicken loans I applied for a home mtg. loan and got the biggest run around of my life. It took quicken over a months to finaly tell me that my funds could not be proceed. Due too government restriction via FHA. Two minor litigations for slip and falls from the property management team - RossMorgan Co (The Met Woodland Hills). This is a 1300 unit condo property, with vast resources. I provided all documentation for the loan within an hour at each request. Same for any subsequent documentation. They strung out the timeline, as I was assured everything was perfect. Excellent Credit, 1000.00 debt, debt to loan excellent, NO RED FLAGS (other than this silly litigation for modest amount).

Min you this property is the most sold in Los Angeles.40+ units last year, a number if the FHA (Bof A, Citigroups, ETC. mortgage lenders). This property sells all the time FHA - never had refinance or financing issues. Somethings a miss. I continually followed for status. While they returned the calls, they were not listening and blaming on the government FHA program. Please avoid QuickenLoans. QuickenLoans abused the FHA guide lines. Whether recent increases to loan percentage rates (locked in @4.375) or Just getting deposits (500.00 - Appraisal, fees- say they would refund some all other had no luck). This is a pretty shady practice. Steer Clear.

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This report was posted on Ripoff Report on 01/06/2016 09:53 AM and is a permanent record located here: http://www.ripoffreport.com/reports/quicken-loans/detroit-michigan/quicken-loans-i-applied-for-a-home-mtg-loan-and-got-the-biggest-run-around-of-my-life-i-1278344. 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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#1 UPDATE Employee

Quicken Loans Review

AUTHOR: QuickenLoans - (USA)

Hey, there. My team would like to look into your experience with us. Please send us an email at Emma@quickenloans.com with your loan information. Thanks! 

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