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Report: #676047

Complaint Review: network capital funding - irvine California

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  • Reported By: b — pittsburgh Pennsylvania United States of America
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  • network capital funding 5 Park Plaza #800 irvine, California United States of America

network capital funding Run for your life.....and make sure you still have your wallet. irvine, California

*Consumer Suggestion: Network Capital Funding

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During my experience with this crew they "lost" my paperwork multiple times, "forgot" to add one expense or another. Changed the amount I needed to bring to the table from zero to 5000 and everywhere in between.

First person that handle the account disappeared. No one knows where he went or how he got the numbers they used.

Second guy worked on the file and set up closing dates each month for roughly 5 months. Oops, he lost a paper or forgot to add a number so he cancelled the closing. Too bad he never called me to let me know not to be sitting at home waiting. Couldn't get him to return calls at the number he gave me. Lost multiple days of work for closing dates. He had me running out in the middle of the night to fax him papers because he lost them in order to "just keep things moving so smoothly".

His last month with my refinance he tried to convince me to send 1200 dollars into HIS account so he could make things move quicker. I called the office and told them I was going to file a complaint.

Enter guy number 3. He introduced himself and the first thing he asked said was....." you didn't report this anywhere did you?". Not once did anyone in charge call me to investigate the attempt by one of their employees to get me to send him money.

Guy 3 worked on the file and scheduled a closing. Yep you guessed it.. No one showed up. I called and all I got was " oh they weren't able to make it". Too bad I never got a call about that cancellation. Told them I thought they were unprofessional and shady. The third guy told me if I kept it up he'd just deny my loan.

Interesting how I was told the whole way through this how this loan wouldn't be a problem yet guy 3 could automatically decline my loan because he was ticked off.

Now I have to worry that these shady characters have all my personal information. Never made it to closing.

Still not quite sure how a company that claims how professional they are can not know how to fill out paperwork, operate a telephone, or even screen their employees to limit criminals or threats to clients.

This report was posted on Ripoff Report on 12/28/2010 03:05 PM and is a permanent record located here: https://www.ripoffreport.com/reports/network-capital-funding/irvine-california-92614/network-capital-funding-run-for-your-lifeand-make-sure-you-still-have-your-wallet-i-676047. 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 Consumer Suggestion

Network Capital Funding

AUTHOR: Steve-MD - ()

POSTED: Friday, September 05, 2014

I have done business as a loan customer with Network Capital Funding.  I found them to be very professional and fast, and I went to closing in less than 2 weeks.  Now, having said that, I have applied for mortgages for purchases and refinancings 10-12 times in 35 years, and I understand what to expect.  I'm sorry to hear this person's experience, and I have no doubt there are some inexerienced and unprofessional mortgage agents in every company.  My most recent refinancing comprised of 130 pages of legal crap, and it was with Network Funding after I had failed to make any progress after almost 3 months with another firm named Amerip****.  I called Network Capital Funding and closed with my 3.375% no points 30 year loan in less than 14 days.  Over the 35 years, maybe 2 of the mortgage companies were good, half of the rest were terrible, and the other half was so so.  Every single one of them managed to find ways to extract more money out of me than I had expected or been told.  This company sells their loans to Wells Fargo and other name brand banks. 

I just wonder if all the people complaining had previous experience with getting approved for mortgage loans.  It is an extremely complex process for the consumer and the mortgage agent.  The process may take 3 - 5 years for the agents to learn be effective at their craft.  

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