Report: #1501169

Complaint Review: Sovereign Lending Group - costa mesa CA

  • Submitted:
  • Updated:
  • Reported By: McFarley — MISSION VIEJO CA United States
  • Author Not Confirmed What's this?
  • Why?
  • Sovereign Lending Group 3440 howard way #200 costa mesa, CA United States

Sovereign Lending Group SLG Unlawful Practice with a VA Loan costa mesa CA

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When I went to refinance my VA mortgage again as rates had dropped more, the loan was set to be completed (notary was scheduled) and called off.

I asked why, pushed, and the loan officer (who I called first) stated that there are rules around times a VA loan can be refinance.

I asked how this loan got through their process, through an underwriter, only to be stopped when we are ready to complete it. I dont know the laws.

He said it was missed but I looked this company up and they were in trouble with the CFPB for refinancing loans that are VA too soon!

This happened in September of 2020 and they were in trouble in July of 2020. This is a very big concern. I went elsewhere and started over.

Buyer Beware.

This report was posted on Ripoff Report on 10/22/2020 05:07 AM and is a permanent record located here: https://www.ripoffreport.com/report/sovereign-lending-group/costa-mesa-ca-slg-unlawful-va-1501169. 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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