I cannot express enough how adamant I am that others pay attention and do not use Lend America to refinance. We closed 3 months ago and LendAmerica still has not payed off our original loan. We have been threatened with foreclosure from our origianl mortgage and are having to obtain a lawyer. Don't waste your precious time and money with a company that does not follow through. This company obviously makes a practice of not paying off the first mortgage.

Ideal Mortgage Bankers, doing business as Lend America and Lending Key (Ideal), allegedly violated several Federal Housing Administration (FHA) origination and underwriting requirements, according to a review by the Department of Housing and Urban Development’s (HUD) Mortgagee Review Board.

The Mortgage Review Board alleges no fewer than 12 violations, finding that Ideal made false certifications, failed to document borrowers' income and approved loans that did not meet the FHA’s minimum credit requirements, among other charges.

More than $14 million of loans were subject to false certifications, says U.S. Attorney Benton J. Campbell, who, at HUD's request, has filed a complaint against Ideal in federal court in Central Islip, N.Y. The complaint seeks a court-ordered injunction that would prevent Ideal from making FHA-insured loans. According to a press release from Campbell’s office, the complaint also seeks relief against Lend America’s executive vice president and chief business strategist, Michael Asshley.

HUD has notified four of the company's underwriters that it was suspending and/or proposing debarments for their actions in connection with these violations. Separately, HUD issued pre-penalty notices to these underwriters advising them that the department is considering imposing civil money penalties against them as well.

Ideal has 30 days to respond to the board's notice, and the underwriters have 30 days to oppose their suspensions and/or proposed debarments and to respond to the allegations in the pre-penalty notice.

"Any FHA-approved lender that seeks to do business with us must follow our standards - it's just that simple, " FHA Commissioner David Stevens says. "If we determine that our partners are not playing by the rules, they'll cease being our partners.”

A spokesman for Lend America released the following statement: "The company was taken by surprise, expects to continue in business and will respond more completely once all allegations are reviewed."

Submitted to the BBB!

I was working with the company to get my home loan modified..etc I spoke with an employee, Purelight Allah who was helping me. He asked that I fax/email several doucments in which I did. A few days later I recieved a letter stating that my account would close since I didn't provide all the necessary paperwork. In addtion, I recieved NO doucmentation on what I was getting help with. Mr. Allah ran my credit with my permission but never provided me with disclosure notices..etc.
I called him last week and left a message stating I needed explanation about the closure and wanted to fix the problem. No return phone call. I then called the main phone number for lend america asking for a new person to help me. They refused and said that mr. allah was going to help me. The gentleman over the phone called mr. allah right then and asked the mr. allah contact me right away. He told the other employee from lend america that he would call asap. Well a day later, still no phone call from mr. allah. I called the customer service dept to complian and that person didn't return my phone call.
I feel compeltely scammed! The gentleman over the phone yesterday told me that mr. allah by law was supposed to provide me with a 45 page disclosure notice. I never recieved a single doucment from mr. allah other than the one pagers "borrow's certification & authorization" and "letter of authorization for wingspan"
In addtion this man told me he would be able to modif my loan or work out a short pay off. Apparnetly lend america doesn't do these service. So what the hell was he trying to sell me.
I just hope something was not screwed up on my loan by lend america where I am going to loose my house.
This place is a scam!

We started our refinancing in Dec with them. What a mistake. It was March before we were final, we had to write a check for taxes owed, which they lost and took even longer to complete, took forever for them to pay our previous lenders and now they won't streamline our loan as promised when we signed up. I'd give anything to start over and make better choices, I sure wouldn't go with Lend America!! Joel Delgado is a liar and doesnt ever return your call, none of them do for that matter! I'm thinking of calling a local news station or magazine to get this taken care of as well as let the rest of America know not to deal with them, we all should! Bet they'd return our calls then.

Shelley Ikerd

We closed on a loan 8/31/09 everything seemed good then we started getting calls from our old lenders saying that we where late. I contacted customer service and they assured me that the money had been sent, but the telephone calls continued demanding payment from the old/current lenders. Lend America insist the payment has been made but the calls keep on coming. What is one supposed to do in this situation?