Lakeview Mortgage Bankers Corp. CFPB Complaints

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2000 Latest Complaints
Date Received Timely Response Product Issue State / Zip Submitted Via Tags
03/11/2021 Yes
  • Mortgage
  • Conventional home mortgage
  • Applying for a mortgage or refinancing an existing mortgage
  • MD
  • 20774
Web
I am concerned with the approval process used by Lakeview Mortgage in Maryland. They provided my client for a conventional mortgage at $ XXXX. They provided a conventional pre approval letter as well. I submitted an offer for my client based on this approval letter and we went under contract. I provided the ratified contract to the lender and he then states he couldnt do the loan it needed to go FHA. He only provided me a conventional letter to help my buyer in her search. He actually had no intention to ever do a conventional loan for my client. My client can not go FHA and was banking on a conventional approval. We are now under contract struggling to get financing because of their negligence to properly approve my client. The loan officer stated hes been doing this often because FHA loans have been frowned upon in the market. I think its bad ethics to give a client a hope for an approval without providing the facts. Im not sure if this has happened to other people but it needs to be documented.