Perennial Funding

Bad Experience

Beware of Perennial Funding! They lie! I don’t like to use that word but honestly they tell you lies. We applied for a refinance.

I was up front with the Loan Officer Jordan Donolow that I had an appraisal done 1 month prior because my son was going to purchase the property and had a bad experience with the lender and decided to wait about 1-2 yrs.

To help him we decided to refinance to lower our rate and give him a break on the rent.

Mr. Donolow told me weeks later that our loan was approved and an appraiser would be contacting me to schedule an appointment.

He was going to roll the cost of the appraisal into the settlement costs because I did not, nor wanted to put out another $400 when I had an appraisal in hand.

After weeks passed and other loan officers got involved and continued the tall tale about not having to lay out $400 appraisal fee, I was told that they could not find a lender to do an appraisal without paying for it first!

Really? What happened to the lender New Penn Financial and the approval of the loan?  After they continued the lie or misrepresentation they wanted me to give them $400 for a new appraisal.

I told them at that time, even if I had the money, I no longer trusted them.

If I didn’t put out money for an appraisal a month earlier, I would not have had a problem paying for one.

However, I resent someone stringing me along knowing full well what they are doing.

I did everything else they asked me to do in a timely fashion, only to get zero in return.

I believe the best way to go is directly to the source (bank).

Is Perennial Funding a scam?
Perennial Funding is a scam and a bad service provider as per the report filed on dirtyscam.com. They are not aggressive towards their customer satisfaction and complaint grievance.
Is Perennial Funding legit?
First Perennial Funding is not a legit business owner or provider. You must take necessary precautions/measures before buying or using their services.
How many reviews are submitted by Perennial Funding’s consumers?
There is/are 4 review(s) posted about Perennial Funding and it indicates that the severity of the scam is High.
Where is Perennial Funding located?
Perennial Funding is located at Eight Tower Bridge, 161 Washington St #950, Conshohocken, PA 19428, USA. You can contact Perennial Funding by dialing (888) 496-7291 or visit their website perennialfunding.com before filing a lawsuit. We are no way affiliated with better business bureau or yelp reviews platform.
How much monetary loss is incurred by Perennial Funding’s customers?
According to the report(s), US $3658 was the total loss incurred by Perennial Funding’s customers.

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4 reviews on Perennial Funding

  1. Cindy Clarke

    Beware of this company!!!

    Beware of this company!!! They lie! I don’t like to use that word but honestly they tell you lies. We applied for a refinance. I was up front with the Loan Officer Jordan Donolow that I had an appraisal done 1 month prior because my son was going to purchase the property and had a bad experience with the lender and decided to wait about 1-2 yrs.

    To help him we decided to refinance to lower our rate and give him a break on the rent. Mr. Donolow told me weeks later that our loan was approved and an appraiser would be contacting me to schedule an appointment.

    He was going to roll the cost of the appraisal into the settlement costs because I did not, nor wanted to put out another $400 when I had an appraisal in hand.

    After weeks passed and other loan officers got involved and continued the tall tale about not having to lay out $400 appraisal fee, I was told that they could not find a lender to do an appraisal without paying for it first! Really???

  2. Jason Hughes

    Never Again

    What happened to the lender New Penn Financial and the approval of the loan? After they continued the lie or misrepresentation they wanted me to give them $400 for a new appraisal. I told them at that time, even if I had the money, I no longer trusted them.

    If I didn’t put out money for an appraisal a month earlier, I would not have had a problem paying for one. However, I resent someone stringing me along knowing full well what they are doing.

    I did everything else they asked me to do in a timely fashion, only to get zero in return. I believe the best way to go is directly to the source (bank).

  3. Able Scott

    RUN AWAY! This place should be investigated by the Consumer Finance Protection Bureau.

    RUN AWAY! This place should be investigated by the Consumer Finance Protection Bureau. Several agents contacted us, one, a manager, talked us into spending out of pocket for appraisal then stopped calling/communicating.

    Appraisers are from OUT of the AREA and therefore will NOT know you particular geographic perks and pitfalls. DO NOT rely on this firm. It took 2 months to obtain a response and that was pathetic too, we were out our fees and they did absolutey nothing for us but take our money for appraisal. BTW they could not explain why the manager never called/emailed us back after 2 months lapse.

    Real professional…I’d assign NO stars if that were an option. DO yourself a favor and either go directly to a local lender who knows your turf or go directly to Quicken Loans which is where these nitwits call upon for investors anyway.

  4. Victor Dawson

    Unbelievable

    I received a call from these people after filling out a mortgage refinance inquiry online and decided to go with them since they are a loan brokerage which typically get better rates since the loan is put out to bid.

    This was not the case and the rate provided was .25% higher than anticipated. I voiced my concerns and was assured that was a “worst case scenario” and was likely to be less at closing.

    I filled out all required papers and finally received the loan papers in the mail with the higher rate still listed. I contacted them and told them to cease all further action and i would be going elsewhere.

    I then received a call from their “close out agent” who proceeded to tell me they didn’t want my business and that i was “screwing myself” by not paying them to take my money.

    Not only did they not provide a competitive rate, but they then attempted to insult me over the phone because i didn’t fall for their scam. Unbelievable.

Reviews:4
Reported Loss :3658 $
Severity of Scam :High
Reported by : Anonymous
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