PacificBanc Mortgage

08/18/11

Sorry Excuse for a Lender!

by rgndg at Citysearch

It's been 2 weeks after escrow fees have been paid by the buyer and the seller and it still hasn't funded! 11th hour fire drills, they nickel and dime you on condition after condition. Multiple layers of approvals; you get 24 hrs to respond they get 48 hrs. No one will give you a straight answer. They've taken so long to fund the interest rates dropped and then... they demand new loan docs to be drawn!!

Still waiting to fund! My next step is to find out who to file a formal complaint with.

02/09/11

WORST LENDER EVER!!!

by reviewingcities at Citysearch

I would give them 0 stars if i could..

i am now ongoing my contract for 60 days after this lender approved me for a loan. When the docs were submitted, they asked for same bank statement copies 3 times.. and delayed my closing on 3 occasions!! 24-48hr turntime has now turned to 9 days and same old "one more day for review", "one more day for 2nd signature", "one more day for funding" has been their the one and only explanation to all delays. the fund manager, acoount executive and operational manager have no communication skills with each other OR w/ their clients. All lenders are known for demanding conditions at a certain timeline and all mortgage lenders are strictly out there for ROE.. but this one simply doesn't have the funds or the professionalism to process things on time!! Our loan broker refuses to use them again and they sure will hear my b******* and moaning to EVERYONE I KNOW! Let's see how much longer you survive in this business.

06/14/10

Worst Experience Ever

by ocloanofficer1 at Citysearch

I had the worst experience ever with this lender I can not begin to explain! 8 Years in the industry & Am speechless! Horrible HORRIBLE 1 MORE TIME HORRIBLE Experience I had with this lender 720 fico score fha loan this file could have closed any where else in 13 days max! Here took 13 Days to fund after Docs were in. Rebate sucked! Never will I EVER Submit a loan there. I don't know how they conduct business very unorganized they QC a file 5 times before funding. No sense of urgency by any of there employess! FYI YOU WANT A LOAN TO FUND DO NOT SUBMIT THERE!!

• Pros: None none what so ever
• Cons: Everything

01/15/10

Great warehouse lender for OC!

by CL63AMG at Citysearch

They have conventional, FHA and their FHA delegated....they will fund loans they have big investors and their employees are awesome...sometimes hard to deal with but with the small variety they are a really good lender!

• Pros: They have really dedicated employees
• Cons: Getting paid after 2 weeks...not too big of a deal