Wells Fargo Mortgage

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Category: Business & Finances

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United States

Wells Fargo Mortgage Reviews

Siobhan Isaac June 2, 2011
Withdrawling too much from my account
Wells Fargo and USAA did not talk to one another regarding my insurance. I did not find this out for almost a year, and one day Wells Fargo began over drafting my account. I called to complain and they told me it was because my home insurance had expired. I asked how that was possible considering I had USAA and had them for over a year. Wells Fargo said another Mortgage company was listed (one I have never heard of). I asked why didn't they notify me; and they said they had tried notifying me in Afghanistan, even though all my bills come to my house in the states. They have been taking an extra 206.00 every two weeks, for the past 4 months!!! I am a single mother, who is transitioning out of the Army. They keep having excuse after excuse for the 'glitch'! Very unsatisfied! USAA refunded my money within 3 days! Highly recommend them!!!
lsrem April 7, 2011
refinance of lot loan
Had a 5 year lot loan with Wells Fargo for our future retirement home at the shore. Decided not build yet, so thought it wouldn't be a problem just to refinance it through them. After all, we had our 15 yr. home mortgage through them also (to be paid in full in 5 yrs), had good credit, had never been delinquent on any loan during a 30 year marriage. Banks should like us as clients, right?
Wells Fargo agreed to refinance the loan in January. In March, we were still waiting after having to turn over every shred of our life history, sometimes two or three times because they "lost" the paperwork. Our loan officer told us that Wells Fargo "may or may not" cancel our automatic payments on our old loan while the new loan was processing. He stated that there would be no ramifications either way because we were in their system. Wrong! The entire process took three months to complete. Wells Fargo did cancel our loan payment starting in February. The same week we received the new loan contract (with a substantially higher interest rate and horrible terms) we received a letter from them telling us we were delinquent on our old loan and would be foreclosed upon if we didn't pay them immediately for delinquent months. Tried to complain. Customer service always had a 121 minute wait. Every person we had worked with in their system blamed someone else. In the end, we sent in a certified check for the "delinquent" amount for lack of any better solution. It was then that we discovered that Wells Fargo had turned us in to a credit bureau for delinquency! We will NEVER do business with this mega bank again. The worst part is, we have no recourse but this website for a ruined credit rating and months of frustration. Oh, and by the way, now they can't find the $4, 000 certified check we sent them either.
DeeKhan09 April 1, 2011
Home Loan
For 5 months, my fiance and I have been working on a home loan through Wells Fargo. We've done everything they've asked for. We got our credit scores up within a 6 month time frame, we've submitted our tax info and work wages, saved up enough money for the down deposit amount that they provided us, but yet, those weren't still enough. During the whole 5 month process, our file has been constantly passed down from loan officer to loan officer - each wanting something different or not satisfied with what was on file. So they ask for more. They denied us when they found out that my fiance was working for family. Their excuse was that her wages were inconsistent, made too much for what degree she has, or doesn't believe that she doesn't have any ownership to her father's business. I've never known a bank to turn someone down just because they made too much to pay them back. I would never recommend Wells Fargo to anyone. FYI, coming from one of their own loan officers, he stated that 45% of the Wells Fargo customers were unhappy with the way the bank was handling their business with the bank. I think that should be reason enough not to even attempt banking with them. Thank you for your time in reading this post.
Dawn King March 24, 2011
modification etc...
After several phone calls to Wells Fargo to ask to modify my loan, and being told that I was not delinquent therefore they could not assist me with a modification. I finally got someone to listen to me and attempted a modifications in 2008 directly with Wells Fargo just to be told after 3-4 months later that my file sat on the wrong desk in the wrong department. At the time I was not delinquent.
I was given to another individual and was asked to resubmit and told by that individual that I was not delinquent however I was asking for help. She then wouldnt return calls, and when I called in I was informed that they didnt have any paperwork of mine, so if I wanted help I needed to resubmit.
After 8 months passed my income started to take a hit due to the economy and was forced to make the choice to go deliquent and surely I then would get help. This was not an easy choice to make.
After not getting any returned phone calls I took the desperate move and paid a modification company $2500.00 to get me modified, after not successful with this move I then hire yet another modification company, paid them money.
Ive gone through all the soo called forberrance plans just to have my home thrown into a short sale that I did not authorize and found out an wells fargo associate put someone elses shortsale paperwork in my file. Guess what, we had to start all over again.
I could go on on and on with all the mistakes wells fargo had made.
Now after 3 years I decide to shortale, my agent flisted it, a buyer submitted an offer, all was turned into wells fargo, they email the information on the individual who my agent should be intouch with. Keeping in mind my house is still owner occupied. I wount lie I have moved many of my thing out, however we take care of the home and still stay there. After several weeks my agent makes her weekly call and finds out they lost our paperwork, and yes once again we had to start all over. Im just lucky that the agent for the buyer says the buyer loves our home and wishes to hang on with their hopes that someday that can be their home.

After all this, wells fargo changes the locks on my door, as well as puts a lock on my gate. They locked us out. I called wells fargo and told them they locked me out of my home. They appologized and had the company out of Ohio that they hired to change the locks call me and fed ex me the key.
Have you ever heard such a thing??? No notice of default, nore was my home posted.
I just hope now everything goes well, this has taken a toll on my children and my marriage. It hasnt been a good experience...
Ann in Arizona March 1, 2011
MORTGAGE ASSISTANCE
Have had multiple Mortgages with Wells Fargo Bank and the Wells Fargo Financial Division for Refinancing and also Wells Fargo Mortgage. We have NEVER in over 30 years been late with ANY payment to them and often have paid ahead or made larger payments.

I am alone now and have become so ill that I was hospitalized for months. During that time I made payments, however I was told by 5 Doctors that there is no possible way for me to continue to work. I called Wells Fargo Bank and got in touch with the Wells Fargo Mortgage Division but they were of NO HELP. I advised them of my serious illness and inability to work again. I have applied for Social Security Disability and am a Federal Employee and was soon ready to retire. I called on my South Carolina property that I lived in until serious illness and now in Arizona. They said, "Unless you go DELINQUENT we can't assist in anyway or even talk about potential options!" That is a DIRECT QUOTE from the Mortgage Banker at Wells Fargo.

They have been sued before for discrimination and for harassment of employees and I thought things would be better for a consumer who was calling to ask for help. I wanted to let them know and be aprised of my health and since I had special Mortgage insurance I thought he could have assisted me but hung up while I was looking for paperwork. I called back and was told no record of the call and to call again next day. I called in afternoon next day and asked for representative I talked to. They said that would be impossible as I would HAVE TO BE IN PROCESSS OF FORECLOSURE by Wells Fargo or VERY LATE on Payments.

This sounded crazy to me so I spoke to a manager. The manager said I had a pristine record on multiple mortgages and was a valued customer of Wells Fargo Bank and Wells Fargo Financial and Wells Fargo Mortgage. However, the manager said that there was not anything they were required to do to help me. I asked about help that came down from President Obama and the Senate and Congress, but he insisted that they were a financial instrument or product and were there to MAKE MONEY and not to assist. He suggested I contact family, which are all deceased due to a fire. There was NO SYMPATHY or HELP.

I called Wells Fargo Corporation in West Des Moines, Iowa and in Minneapolis. I had left 2 messages and sent 2 faxes to the Corporate offices and to the attention of the executives there. I have waited 4 weeks and each week I call to be told it is on the way that same day. Nothing has been received. Today I called and was told that I should sell my home and find a retirement village or some place like that. Does that make any sense? Please advise.
Vidya_Sunnyvale February 22, 2011
Property Appraisal Erroneous leading to mortgage application denial
We tried to refinance our mortgage with Wells Fargo Mortgage and they appraised our property very very low. We found out that the whole appraisal was erroneous since the comparable sales used by the appraisal were wrong - for ex, the homes used for comparing had a lower sales price since they belonged to a different school district. Our home value and the neighborhood keeps up good values in homes since it belongs to more recognized and in demand Cupertino school district. We asked Wells Fargo to correct the errors but they would not. They charged us $500 for application that they are not refunding. I hope they are brought to task for such erroneous assessment leading to our whole mortgage application getting denied.
Wells Fargo Fraud February 11, 2011
Rep From Wells Fargo Called and told me Co-Borrower Frauded My sigbature
2nd person on the mortgage and deed. I was called in May 2010 by one of the loan originators stating that the other owner sent in a very defamting letter about me and they thought it was strange because the orignal hardship was that I was the care taker.
They futher looked into the situation and they said that any paperwork send in by co-owner has my signature appear and it does not match up with my siganture. The rep told me to stop the modification so I do not get in trouble. They told me that they would send me copies for me to verify...I had called the police and have a police report regarding this issue. Wells Fargo just kept coming up with excuses so I went to court to find out what I should do and was told that if Wells Fargo called me with this issue, it is their issue not mine. Wells Fargo disagrees and will not send me any of the paperwork with the fraud. The reps read to me that there is fraud everywhere on signature, letters, etc. I usually get switched around from dept to dept and then put on hold and they hang up. I have been paying the mortgage by myself and the other person has not paid since march and Wells Fargo will do nothing to help. They actually got me so upset one day that I dropped to the floor and thought I was having a heart attack. $6, 000 that I cannot afford. What do I have to do to get this taken care of? I can supply all back up of notes of over a thousand calls. Please someone help.
Teresa818 September 16, 2010
Mortgage Loan
The end of July we talked to a loan officer at the Wells Fargo in Canton Ohio. One question we asked before we started is will we have to come up with a down payment. We was told no. We applied & it was sent to the main branch in Indepence Ohio. They told us we was approved at the beginning of Aug & we had to turn in some more info. So we turned it in. Than they wanted more & more & more. The whole month of August was a nightmare! Each time they asked for something we turned it in within a day or two. To make a very long story short around Sept 2 they told us we needed $3, 200 for closing cost & down payment. I tried to call to find out how much was closing cost & how much down payment. No Answer so I emailed. The returned email stated we need $2, 065 of our own funds. But she still didnt answer my questions. So I emailed again & she told me to call. Well I finally got thru for her to tell me that I need $2, 065 & I have to show proof that it was in my bank for at least 30 days or it could be a gift but I have to show proof it was in there bank for 30 days!. WHAT?!!! I was told I didnt need any down payment! My closing date is the 28th and they just told me. Dont deal with Wells Fargo!! We was first time homebuyers & now I dont know if I want to ever buy a house. Does anyone know who to call to complain? Even though Wells Fargo will ignore it!
steak September 15, 2010
Phone Calls
Wells Fargo Mortgage bought our home loan from another company. We had a situation a few months back where we knew we were going to have to pay our mortgage about 5 days late. We contacted WF a month in advance to let them know. We typically go into a WF branch to pay our mortgage and have a very professional and positive relationship with the bank. We were advised it was no problem and because of our good record and communication, we would not even be charged a late fee. We paid as promised. Ever since this incident, WF Mortgage calls us on a regular basis about "collecting a past due debt". One of the callers even inquried if I "was having personal problems" while asking me about our unpaid mortgage. I insisted we were/are up to date and every time the callers are relentless. I learned the mortgage side of WF and the banking side of WF don't seem to have anything to do with one another. I received a call last night and I very politely told the guy - we had one late payment, which was ok'd by your organization many months ago and so I think you need to update your records. His reply, "my records are accurate and I'm attempting to collect a past due debt." This organization is unbelievable. I am appalled at the nerve and outright unprofessional approach WF takes to handle these matters. I don't have the time to run this up the WF food chain and I'm sure they are counting on that when then teach their workers these types of tactics.
Tajsultani September 14, 2010
Re-Finance
I tried to do a re-finance with them. All went well until the appraisal. Nobody told me they were hiring some idiot who lived in another state to do the appraisal. The guy called me wanting to know what he was coming there to do, then couldn't find the place with a GPS (seriously!), flew through the appraisal and at the end started asking me questions that had nothing to do with the property - turns out he had pulled the tax assessment for SOMEBODY else's place, with a road name somewhat similar to mine. I hever heard another word out of anybody after that. I called appraiser 1 mth. later - told he couldn't talk to me or give me a copy, agent and loan officer at WF both refused to return my calls or emails. It has now been over 60 days since process started, I am out $350 for appraisal, no word on whether load is still "active" or not. Don't recommend them - I should have paid attention to the complaints and gone elsewhere.

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