WCS LENDING, LLC CFPB Complaints

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2000 Latest Complaints
Date Received Timely Response Product Issue State / Zip Submitted Via Tags
01/24/2023 No
  • Mortgage
  • Other type of mortgage
  • Trouble during payment process
  • NY
  • 10013
 Web Older American
WCS Lending, a mortgage broker in XXXX and Florida, led by broker XXXX XXXX filed fraudulent loan applications on loans submitted to various banks in order to collect a commission for the company. He also obtained what is known as a yield-spread premium from various banks in order to enrich himself and WCS Lending which knew of his operation. He had been instructed by borrowers to only obtain no-income, no asset loans which were being offered by banks but which still required that the information on these " stated-stated '' loans be accurate -- which was never brought to the attention of the borrowers because all of the application information was fraudulent. Again, with the knowledge of WCS Lending. XXXX XXXX filled out mortgage applications with fictitious information in order to obtain numerous loans which was completely fraudulent. When the XXXX County District Attorney 's office contacted him, he blamed the borrowers and denied any wrongdoing. Subsequently, the D.A. was prosecuted and imprisoned. Nothing happened to XXXX and WCS Lending is still in business. It is a fraudulent operation which has relocated XXXX XXXX to Florida where he still works for the company. Borrowers went to prison for the D.A, 's Vindictive prosecution and WCS has never paid a price for their duplicity, fraud, or illegality.
09/03/2015 No
  • Mortgage
  • Other mortgage
  • Loan servicing, payments, escrow account
  • VA
  • 23185
 Fax
02/04/2014 No
  • Mortgage
  • Other mortgage
  • Loan servicing, payments, escrow account
  • VA
  • 23185
 Fax
08/02/2013 No
  • Mortgage
  • Conventional fixed mortgage
  • Application, originator, mortgage broker
  • NY
  • 10065
 Web
11/06/2012 Yes
  • Mortgage
  • Conventional fixed mortgage
  • Application, originator, mortgage broker
  • CA
  • 94510
 Web
10/04/2012 Yes
  • Mortgage
  • Conventional adjustable mortgage (ARM)
  • Loan servicing, payments, escrow account
  • NJ
  • 07039
 Web
09/25/2012 Yes
  • Mortgage
  • Conventional fixed mortgage
  • Application, originator, mortgage broker
  • AZ
  • 85253
 Web
09/07/2012 Yes
  • Mortgage
  • Other mortgage
  • Loan modification,collection,foreclosure
  • DC
  • 20019
 Referral
08/30/2012 Yes
  • Mortgage
  • Conventional fixed mortgage
  • Application, originator, mortgage broker
  • NY
  • 10583
 Web
07/18/2012 Yes
  • Mortgage
  • Conventional fixed mortgage
  • Settlement process and costs
  • NY
  • 11360
 Phone