Wyndham Capital Mortgage - Reviews about the company

i believe that i am. i have pretty good credit, i think it was somewhere in the neighborhood of 740. i was borrowing about 70% of what the house is worth. i had only one outstanding loan at the time and it was a second mortgage, so it was paid off before i got any money.

what did they have to gain? well, my rate would have gone from 5% to 5.5% and to prevent that, they asked me to pay them $2000. when i refused, they said, how about $500? when i refused to pay that, the deal somehow went through as originally planned at the 5% rate.

if that does not speak volumes about the company, read what they wrote about me here on page 3. the email that daniel webb wrote to me should show you the level of professionalism of the company.

can i get an amen?

My FHA loan was with Taylor, Bean & Whitaker who were closed down by the Feds and all FHA loans transferred to Bank of America. I had $1800 in my escrow account at TBW, been paying in all year. Bank of America says I have a negative balance in my escrow account. How do I find where my money went to?

Hi Vicki,

Well, you're in a tough situation. I think you need to contact Bank of America and check out if they can give any information regarding your case as they have taken over TBW.

Thanks

i guess it really does come down to who you work with because i just closed on a refinance with wyndham and the whole process was very smooth from beginning to end. i can't speak to the company in general, but the guy i worked with (adam c) did a great job with everything and i know he has taken good care of a couple friends that i referred there as well.

I closed my loan and had a very good experience. My loan officer was Michelle.

realistically, there is good and bad in every company. if you're a first time homebuyer and you are unaware of the process, you'll be less satisfied with delays than a seasoned borrower who's been down the road of additional paperwork needed every couple of minutes.

most of the people in the mortgage industry are reliable. changing regulations, underwriting guidelines and investor guidelines are creating havoc in the entire nation. some of the most trusted names in banking (historically) have bit the dust or required a bailout. i guess we need to reassess our understanding of "trusted name." it may not mean anything more than that people trust them despite what they're doing.

Wyndham Capital Mortgage says I'm good for an FHA loan but I have a judgement against me for $11,681 from Oct 2003. The ran my credit and said I'm approved for 220-250K, which is the amount I'm seeking. They want me to send them my W2, pay advices, etc...and they said they would send my a prequal letter on the house I'd like to purchase.

My credit scores were 670, 679, and 684. I made $44K last year. I have a doublewide payment for $490, a car payment for $590, and a truck payment for $290. I have 3.5% down payment required for an FHA loan.

I'm afraid that I'll put down $1,000 EM towards the house and then $500 for inspection only to loose the money when it comes time to close due to the judgement being there. Any advice?

most lenders want that judgment paid in full prior to granting you a mortgage. can you pay it? your fears are well-grounded, i think.

I'm going to try and see if they will settle for what I hope will be $3-4,000 and say the judgements been satisfied.

Thank you for your honest feedback. At Wyndham Capital Mortgage, a large portion of our business comes from referrals from satisfied customers. Our loan consultants make every effort to deliver a mortgage experience that is simple, painless and rewarding. Even with our Mortgage Bankers best efforts to keep our process and communication clear, concise, and transparent, the large number of dynamic components included within every unique mortgage transaction can sometimes become confusing or complicated. When this happens, we will make every effort to make it right. We would love to help to remedy any problems that may arise during the loan process and encourage anyone with an issue to reach out to one of our customer service specialists at 888-923-9911 or via email at "thesimplewayhome@wyndhamcapital.com" . We do not want to handle them here on forums due to financial privacy laws as we are very protective of all our clients sensitive information. Once again we appreciate your feedback as we value the opinions of our patrons and actively use this information to make our processes better.

[E-mail address deactivated as per forum rules. Thanks.]

Been working with Wyundham for two months on a mortgage in South Carolina. I've been told for three weeks that everything is on track and no issues are foreseen. Then came the problem with the appraisal from a Wyndham selected appraiser. It took a week for their Appraisal Department to review and bless the appraisal. This morning I received a VM that indicated that everything was approved and that I should contact my closing attorney to set a closing time. Call attorney and they contacted Wyndham and found out the "investor" hasn't approved the loan yet. Doesn't look like we'll close today and the builder is out for two weeks starting Monday on vacation. Meanwhile, my rate lock will expire and I'll have to pay another month's rent. :?

Been working with Wyundham for two months on a mortgage in South Carolina. I've been told for three weeks that everything is on track and no issues are foreseen. Then came the problem with the appraisal from a Wyndham selected appraiser. It took a week for their Appraisal Department to review and bless the appraisal. This morning I received a VM that indicated that everything was approved and that I should contact my closing attorney to set a closing time. Call attorney and they contacted Wyndham and found out the "investor" hasn't approved the loan yet. Doesn't look like we'll close today and the builder is out for two weeks starting Monday on vacation. Meanwhile, my rate lock will expire and I'll have to pay another month's rent. :?

Was set to close Monday and then things keep popping up. No error on our part, appraisal not complete, blaming underwriting, blah, blah, blah. No call so I call Wednesday to ask what is going on. Rep PROMISED last night to let me know since he said we'd close today. No call again.

I would like to back out but we have come so far I don't know if we should just proceed? Ironic how he gave us the whole song and dance about how he is paid no commission and only works for good referrals. Really? I would not refer anyone to this guy. He might need to look for a new career. Possibly one that lacks detail, follow through and integrity.
Wish I had investigated Wyndham Capital Mortgage more before they found me through Lending Tree.

Regrettably, the last couple of incidents have happened regularly with virtually every mortgage lender in the last year or three. It's not just Wyndham that has inefficiencies - it's industry-wide. I'm not saying that you have to be more patient with them; just that you'd find similar delays and issues elsewhere, too. Loans that I had in the pipeline, with plans for closing within 45 days or so ended up being 2-3 months more often than not.