First Meridian ordered a VA appraisal for a property in Boynton Beach, Florida, and agreed to pay for it, via the VA contract ordering system. The appraisal was prepared and delivered. The repairs to the property (based on the appraisal) were also made and inspected, and invoiced to the company. For some unknown reason to me, the Veteran failed to close on the loan, so First Meridian Mortgage Corporation saw fit not to pay me for my services. Beware others who use their services to get paid in advance, which is what I would have done, but the VA prohibits that practice from its appraiser panel.
Consumer Complaints & Reviews
No wrong has been done except you are ruining my companies reputation by not distinguishing my company vs. the other first meridian mortgage corporations that have taken my name on in ohter juristication. You do not seperate them from me enough and i know they are bad but you are also effecting me and the more of this that happen you are building a case for me to come after you and others. either do you home work and in clude lisence number and other items of distiction or pull the complaint because it effects me also.
First Meridian Mortgage requested a residential FHA appraisal for one of their clients with the stipulation that the appraiser be paid upon closing. The closing took place in November 2009, and no payment has been made as well as no more communication from First Meridian. This is very unprofessional of a mortgage company and should be reported. This complaint is to let other appraisers know what kind of company they are dealing with before they are not paid for their services as well.
My wife Amanda and I purchased our first home via an FHA loan through First MMC in November of 2008 with Senior underwriter Jonathan. The purchase went smoothly; the closing costs were higher than the good faith estimate. Otherwise, we were happy with his service. On 4/1/09 Jonathan called me out of the blue and explained that if we streamline refinanced our home from 6.5% to 5.0% that our payment would go down roughly $200 a month. At this point, he claimed we would need very little down less than a normal months payment. We jumped at this opportunity to save some money in the economy. We produced our proper paperwork and he said we needed to time the transaction so that we close at the end of the month and the interest over payment would be refunded back over interest.
I realize some numbers are approximate; however as of 6/11/2009 we are getting no refund according to Wells Fargo Loan. I was very specific with Jonathan that my job is in sales and I have the money to do this deal. I also informed him that these funds were for emergency and savings for summer time as that is my slow season. Jonathan assured me that the only funds we would be out is on the bottom line of the loan. Our original loan was $191,000 to date, it is now $194,500. Include the $2495 and we spent around $5995 to lower our payment $200 a month. That would take 27 months to make up the difference. I got sold on a good faith promise. I was guided through the process along the way and reviewed the papers with Jonathon. We kept asking where the refund amount was and he assured me it was in the interest paid section. We are about to go on a short summer vacation and if I don't make sales, I don't make money. I was counting on these funds as back up. I am now vulnerable to missing mortgage payments. Where is our $1800 promised! I have countless email records of our smooth and trust worthy conversations. We would like to have this rectified and our money refund from First Meridian or Wells Fargo. We would have never done this deal and I wish I hung up the phone.
