Back to Bank and Credit Union Reviews
Reply
Tuesday, August 30, 2011 - 12:56 PM

Decent Bank, Insurance, Etc... Horrible Mortgage Department

USAA Bank (1 stars)
i've been a member of USAA for 15 years, and have had some ups and downs with them.  their banking is top of the line, their computer banking is state of the art, and their insurance rates are low with great service to back it up. 

i have about 10 years ago received a mortgage from them to buy a house.  the process was smooth and easy.  the processor was on top of the loan, and communicated with me every step of the way.

that said, i'm now in the final stages of trying to buy a house through their mortgage department.  i had a 60 day closing window, which USAA failed to meet.  i'm now 2 weeks past that.  the processor hardly speaks english and can't write a legible sentence on email.  so i'm dealing with the supervisor.  i've met all the conditions of the pre-approval, before the orginal closing date.  the package has been submitted to underwriting at least 3 times (all after the original closing date) and each time they come up with a new set hoops to jump through.

the mortgage department seems disorganized, and the processors don't really seem to know what they're doing.  they don't communicate: with each other, or with the customer.  i will not seek another loan from them.  the smaller, local banks can do a much better job than these mega-banks....
4
devo96devo961 posts since
Aug 30, 2011
Rep Points: 4
Reply