Waterstone Mortgage Corporation Complaint: Application, originator, mortgage broker

#1562453 12 Sep 2015

Mortgage Conventional fixed mortgage

Complaint #1562453 submitted on 09/12/2015 relating to Waterstone Mortgage Corporation. Complaint relates to Mortgage Conventional fixed mortgage - Application, originator, mortgage broker .

Complaint was submitted via Web and sent to the company on Saturday 12th September 2015.

Narrative (may be redacted).

We applied for a mortgage with Waterstone Mortgage Co., a broker located in XXXX, FL and they sent the Realtor a pre-approved letter for a {$110000.00} USDA loan. With our income we could easily make the {$800.00}. monthly payments. We supplied them with bank statements and many other things they requested. They had us jumping through hoops for months, XXXX, XXXX and XXXX. We gave them our XXXX, XXXX and XXXX tax returns stamped by the IRS. Supplied them with rental statements and power company statements for 12 months showing that we pay on time.

We paid for the inspection and put the {$1000.00} required in escrow. At the last minute they backed out and said they could n't get what they needed from the IRS. Our rental lease was up XXXX XXXX, XXXX leaving us little time to find another rental.

Older American

Company Waterstone Mortgage Corporation
Complaint ID 1562453
Date Received 09/12/2015
Product Mortgage Conventional fixed mortgage
Issue Application, originator, mortgage broker
State/ZIP Code FL 344XX
Consumer Consent Consent provided
Company Public Response Company believes it acted appropriately as authorized by contract or law
Company Response To Customer Closed with explanation
Submitted Web 09/12/2015
Result Timely Response: Yes, Consumer Disputed: Yes
 

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