New American Funding Reviews

I would not recommend anyone to work with this lady Julia Imoda. I had the worst experience with this company. She seems confused and very unprofessional, hardly ever returned my phone calls and was very rude most of the time. Do yourself a favor and don’t go to her if you are in the process of applying for any loan.

We started out the loan process with Africa for a house in Rio Grande Valley and had to switch lenders about 10 days before closing. She is very professional and kind in communication but ultimately the loan fell apart when the underwriting office stopped everything. I already knew other lenders that would work with us without problems but went with her team initially for more local knowledge. Also was frustrating towards the end when things fell apart that she was less on top of communication/replying to emails, following up on last ditch efforts. Ultimately we switched lenders and barely avoided losing the house. Easily approved within a couple days with other lender. I cannot recommend unless it were for a simple, straightforward client situation.

I was working with Chris Broadhurst's team out of Peoria on a home loan and home refi this summer and past spring. The process lasted approximately 103 days before I my loan was denied. I refinanced my home in order to purchase a new home, under the direction of one of their loan officers who I understand to now be unemployed. I was assured there was no way I'd refi my home and not be able to purchase the new home. Turns out that is exactly what would go on to happen. Both my refi and home purchase were run as owner-occupied which led to an MCR being put on my file (it's like a red flag essentially). It was put on there because essentially what happened was mortgage fraud. Guaranteed Rate new I was having a renter moving into the home I was refinancing and they knew I wasn't going to live there. I pulled it off the market (it was listed for sale) under their advisement, so everyone involved knew I was not trying to continue living in the house I was refinancing. It turned into a blame game where my loan officer blamed Mr. Broadhurst saying he told her doing both refi and purchase as owner-occupied would be fine, and then he never really confirmed nor denied it was his fault. He never gave me a phone call when all this "stuff" hit the fan and I was denied the home purchase after completing the refi. The refi increased my interest rate and had closing costs rolled into it, and it was all for nothing in the end. The company has offered to reimburse me for the obvious monetary costs like appraisals, home inspections, earnest money, etc., and while they acknowledge they seriously messed up, they have offered no sort of financial compensation for my lost 103 days, my removing my home from the market (it could have sold in this time), the MCR on my file which makes it nearly impossible to get an FHA loan for six months, etc. This company was just ordered to pay out 25 million dollars in a lost lawsuit. Some shady loan diversion scheme. The fraudulent practices seem to be rampant with this company. Check out their reviews at consumeraffairs.com. Please, please do yourself a favor and don't give these people your business. They may or may not be able to get you a home loan or do a refinance for you, but they are not deserving of anyone's business.

Run don't walk from this business! This is the most inept, unscrupulous business out there! Any business is better than this one!

She is amazing!

No, I do not recommend them but maybe when stop hiring loan officers that spew hate all over the internet I will. Freedom of speech is one thing but bullies are another. https://twitter.com/mbenn19

Very unprofessional and runs your credit without your permission. They started a bogus loan origination with property status TBD and a random number of $65,000. This was AFTER an email stating NOT to run credit. Six months of being strung along and $3500 of unrecoupable funds and no home. Closing was pushed over and over and their communication was extremely poor. The loan officer was so unprofessional she actually sent me an email making fun of the way our HUD consultant spoke! I do not recommend them and I will tell all my friends and family to run far and fast from this lender. They are ridiculously unprofessional. My new lender is so opposite and I see the professionalism that NAF failed to present time and time again. Beware of this company.

Absolute garbage can of a company. Stay away at all cost.