Amerifund Lending Group

Loan Service

Pleasant and competent to deal with…BUT… I applied for a refinance in April when rates were near an all time low.

Amerifund Lending Group promised 3.375 rate & an APR of 3.464 with a 45 day rate lock.

I got all my paperwork in to Amerifund within 24 hours!

They dragged things out for 117 days till rates were significantly higher. With fees for rate lock extensions the loan finally closed at 4% APR.

They blamed it on Fannie Mae, and the form the appraiser used…and in the end…claimed “Fannie Mae made an exception” to accept the appraisal… Thats BS, Fannie Mae doesn’t make “exceptions” and the appraiser was correct in the form he used. ….but I believe Amerifund or the underwriter purposefully stalled the process as rates were raising rapidly.

I feel like I was manipulated. It was a long process with too much drama.

Is Amerifund Lending Group legit?
Amerifund Lending Group is not a legit business owner or provider. They are not aggressive towards their customer satisfaction and complaint grievance, and hence 2 consumer(s) was/were given a Amerifund Lending Group as a negative rating, and only a few left positive feedbacks.
Where is Amerifund Lending Group located?
Amerifund Lending Group is headquarted at 655 N Central Ave Glendale, CA 91203. We do not have any affiliation with the better business bureau or yelp reviews platform. You can contact Amerifund Lending Group by dialing (866) 970-9009 or visit their website amerifundlendinggroup.com.
How much monetary loss is incurred by Amerifund Lending Group’s customers?
According to the reviews posted by Amerifund Lending Group’s customers, US $5244 was the total loss incurred, and hence the severity of the scam is medium.

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2 Reviews on Amerifund Lending Group

  1. Mike is the best at what he does!

    Mike is the best at what he does! After hearing so many nightmare stories about how long short sale properties can take to close, we were in shock to have it all done within a month and that’s all thanks to Mike! He made our first homeowner experience extremely easy…I would recommend him to anyone.

  2. Mike is an intelligent, honest, hard working man whom I would not hesitate to recommend.

    We just finished our refinance with Mike Barnes of Amerifund Lending Group. We did not have a simple refinance or an easy one as our credit had been greatly damaged by Ocwen, a loan servicer whom our loan servicing rights had been sold to by Chase.

    Two other mortgage brokers were not willing to help us clear up our credit but Mike worked tenaciously and diligently first to clear up the damage Ocwen had done and then to complete our re-fi. When we didn’t get the appraisal we wanted, Mike went through the entire process again to get us a VA loan and a much better appraisal.

    Through many obstacles that discouraged us, Mike continued to work on our behalves and was not disillusioned (or didn’t show us that he was). He stayed in touch with us constantly and moved the process along.

    We got a great rate and our re-fi is complete! We could not be happier with his service. Mike is an intelligent, honest, hard working man whom I would not hesitate to recommend.

Reviews:2
Reported Loss :5244 $
Severity of Scam :Medium
Reported by : Anonymous
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