Loan Fall Apart! Borrowers, Agents, Brokers beware! Reunion Mortgage don’t even deserve a single star rating!
We locked in a rate for 30 days. Loan was approved. All the documentations and all prior-to-docs (PTD) conditions were sign-off 2 weeks before the lock expiration date.
Final loan docs was sign. All prior to fund (PTF) conditions, included title & escrow conditions, were sign-off by Reunion Mortgage before the funding day and funding deadline.
Reunion Mortgage did not fund the loan on time and missed the funding deadline.
This is clearly an internal problems of Reunion Mortgage. The lock expired.
No single person in Reunion Mortgage (Including all management) can explain the reason or even make up a nice excuse why the loan was not fund.
Why? Still unknow. Maybe the rates is too low when locked. (Good for borrower and bad for lender to resale)
A Dishonor Lender. They destroy their own reputation. Special the upper management, shameless!
Borrowers, Agents ,and Brokers, stay away from this lender.