Consumer reviews and reports on scam companies, bad products and services
Provident Funding Associates made me pay the appraisal and pay off a HELOC, then dragged the process endlessly until I had to terminate the applicati
2nd of Dec, 2011 by User458994
I applied for refinancing through First Lenders in September 2011. The underwriter was Provident Funding. I was pre-approved by First Lenders, but Provident Funding insisted I pay off and close out a HELOC for which I had $7K outstanding balance. In order to close it out I had a pay an early termination fee of $345. I also paid the appraiser $400. The house I am refinancing has a mortgage already held by Provident Funding since last year (when I refinanced with them). During the process of refinancing this time, Provident, through First Lenders, asked for all kinds of never ending information. Everytime I gave them what they wanted, they asked for something else. An example was how they wanted to know what was the source of a $200 deposit 2 months ago. They even wanted me to show them a copy of a $133 refund check I obtained from a store and deposited. The stream of requests was unending. They expected me to remember every penny I earned I deposited or paid for the last 2 1/2 months. All this when I had a LTV of 57%, and my income put me in the top 2%. I believe that once they learned I was refinancing a loan they already held, with very favorable terms offered by the broker, they decided to forestall the approval until I gave up. Twice the broker had to ask them for an extension because of all the information they were requiring. They almost caused me to be late in paying my mortgage and taxes because each time they said I was approved they asked for more things and the closing date could not be established. . All this in contrast to my first refinancing 15 months ago, with Provident, which went extremely smooth. Finally my wife and I could not take it anymore and we asked the broker to withdraw the application. So, in the end, they wasted my time for 2 1/2 months, and caused me to pay out $745, plus almost $7000 to close out my HELOC which had very favorable terms. Since this happened, I have heard that they have likewise given a very hard time to other current Provident Funding clients who were trying to refinance with them.

Post your Comment

Complaint Details

Get new code


Recently Updated Reports

5 days ago by centurion
Having been scammed numerously by some fake spell casters especially DR IKORODU,am here to file a...
16 days ago by ned l.
Teresa Violet Arasheben - Teresa Violet Arasheben---The best person to work ans...
(This Post is in reply to "Alex P." And the FALSE allegations by "Alex...
69 days ago by Amaljohan
Asset Gold Pvt.Ltd - Migration Fraud
ඔබත් කදානෙහි පිහිටි Asset Gold නමැති...
312 days ago by Notagain5275
John Allen Stewart ( Signature Solutions ) ( Liquid Secrets Inc ) ( J&A Premier Capital Corp ) - Trade Scam Scheme : DO NOT SENT THIS GUY MONEY
John's personal and business operations will constantly be updated every 30 days and his...
366 days ago by FoolMeOnceShameOnYou
CableLink Solutions - Suncontracted us to do work & never paid
Wendy Reynolds reached out to us on behalf of the company owner who is trying to get things caught...
384 days ago by laphotographer
Michael Silberman - Michael Silberman DISTURBED SILBERMAN THREATENING &...
It's a shame that I can't find a way to delete my previous post. (above). In the...
407 days ago by FoolMeOnceShameOnYou
Expect Payment Solutions - Derek Garvin - Credit Card Processing Scam Artist
Where to even start. I'm a small business owner who had done business with Expect for about...
452 days ago by User445499
Hi CrookedlyBouquet Please provide the trade ID of the trade you are referring to, will take a...
468 days ago by 666invocation
Elizabeth C. Pellerin - SOCIOPATH
Lucifer's spawn, invoke me

User Registration

Already a member? Log in now.
E-mail address
Get new code

User Registration

A confirmation email was sent to "".
To confirm your account, please click the link in the message.

If you don't see the email in your Inbox, please check your Spam box.

User Login

Not a member of Register now.
E-mail address
Forgot your password?
E-mail address
Loading, please wait...
Your password has been sent to the specified email address. Log in