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New American Funding Reviews

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New American Funding Overall Rating

4.9/5 rating based on 401,718 reviews

Customers were not compensated for their New American Funding reviews.

2.3 December 7, 2020

Review by Diana Larson for Jeff Anderson

Completed transaction on December 7, 2020

There were several mistakes made. I received documents of someone else for address verification, the person lived in Florida. I was quoted the wrong payment the second time, the wrong mortgage insurance file was looked at, he told my my home owners insurance went from 1600 a year to 2000 which was incorrect, my insurance contact had never even been contacted by Jeff until I asked her about the increase. Now she had to contact the lender because she got an escrow check was made to wrong company!!

2.3 December 6, 2020

Review by Charles Rowland for Sheldon Hecht

Completed transaction on December 6, 2020

Better communication about the loan process and what was expected of us related to the requirements to complete the process prior to closing. Better and more realistic closing date considering the lag in processing of the paper work at the end.

2.3 November 28, 2020

Review by Angie Roberts for Daniel Palacios

Completed transaction on November 28, 2020

Poor communication and the last couple weeks of the transaction was a disaster. We were told we had the clear to close twice and then told underwriting need more items. It was very frustrating for all parties involved.

2.3 November 24, 2020

Review by Kaylee Pilmore for Tania Murray

Completed transaction on November 24, 2020

Sandra was very helpful and communitive. However, we had issues with communication otherwise.

2.3 November 23, 2020

Review by Harold Dudley for Julie Brooner

Completed transaction on November 23, 2020

Communication & better planning on their part, continued request for information not relivant to the loan

2.3 November 17, 2020

Review by Carly Baker for Tonya Funding

Completed transaction on November 17, 2020

The processor was not clear about what was needed, causing confusion. For disclosures, she sent an email on a Saturday noting she must get signatures that day to our work emails. Our closing was delayed because she did not get disclosures in time - if she had called or texted, we could have gotten it done without issue. In addition, it is unlikely our file was ready to close at that time anyhow, because she was having issues updating credit, which was very prolonged. Poor communication overall.

2.3 November 16, 2020

Review by Teresa Jenkins for Anonymous Anonymous

Completed transaction on November 16, 2020

I applied for this loan on 9/2/2020. Sam had everything he needed within 24 hours; two years personal tax returns, two years business tax returns, K-1’s, paystubs, two years’ W-2’s, asset statements, insurance for three properties, tax information for three properties, ID and HOA information. Still, it took 9 weeks to get this loan closed. There was no communication from Sam, unless I initiated it. The processor finally contacted me on 10/17 and asked for information I had already provided.

2.3 November 8, 2020

Review by Wendy Summerlin for New Garza

Completed transaction on November 8, 2020

I had a refinance on my existing home, no cash out. The communication in the beginning was good. All the information that was requested I submitted to her team the same day or the next. I would sometimes get duplicate requests from team members for info I’d already submitted to another person. I had family members , friends, and even neighbors who were doing their own financing through other avenues and my refi took twice as long as anyone else in Missouri that I spoke too.

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