troubleman
Junior Member
What is the name of your state? California
I'm wondering if there is such a thing as a home mortgage post mortem - an independent service or arbitrater that can look over all the final signed documents for any irregularities?
We had a nightmare of a process for our first time home buying experience using Wells Fargo. The broker essentially lied to his own underwriters about our combined incomes. This didn't come to light until a few days before closing. To get out of the situation and save the sale, the broker had us close with an interim loan from another lender (at a higher rate), just to get the seller his funds. Until the broker could work out a refi, he was kicking back to us the difference between the closing interest rate and the rate we were promised. Of course, he also picked up all the costs of the refi. Or did he? Now that we have finished the refi I am really wondering if everything is kosher. Would love for someone more knowledgable than I to look over the docs and give me their take on things. If something else is fishy I guess then I could consult a lawyer to find out if Wells is liable for their broker's screw-ups.
Thanks
I'm wondering if there is such a thing as a home mortgage post mortem - an independent service or arbitrater that can look over all the final signed documents for any irregularities?
We had a nightmare of a process for our first time home buying experience using Wells Fargo. The broker essentially lied to his own underwriters about our combined incomes. This didn't come to light until a few days before closing. To get out of the situation and save the sale, the broker had us close with an interim loan from another lender (at a higher rate), just to get the seller his funds. Until the broker could work out a refi, he was kicking back to us the difference between the closing interest rate and the rate we were promised. Of course, he also picked up all the costs of the refi. Or did he? Now that we have finished the refi I am really wondering if everything is kosher. Would love for someone more knowledgable than I to look over the docs and give me their take on things. If something else is fishy I guess then I could consult a lawyer to find out if Wells is liable for their broker's screw-ups.
Thanks