Champion Mortgage Reviews

After our mother passed away we called Champion to let them know. They said if we sold it we could make money. DO NOT BELIEVE THEM!!!! I spent over $2000.00 to make it clean and ready to sell. When I called they were very rude and uncaring. I had to fax paper to them that cost almost 100.00 dollars. They refused emails. We finally had to do a short sell after 5 months of them sitting on it. Finally got the short sell rep ready to sell then they sold the loan to another company. Needless to say lost the buyer. Now having to start over. I give them a big fat **! I would not recommend this company to my worst enemy! I hope karma bites them in the back end!

We took out a reverse mortgage in 2010. Champion purchased the loan from B of A. We had a set aside in order to ensure the Mortgage holder would receive their monthly fees. Over the years we made monthly payments. Champion took the fees from our payments and also from the set aside account. We sold the home and paid off the loan. Champion refused to refund the balance of the set aside account or any portion of the double payments. Stay away from this Company. They prey on older people.

Champion Mortgage is the lien holder for our home. Wasn't originally. Is it normal Unsure if that's normal? Anyway, monthly fees are CRAZY! I am the sole caregiver to my Mom (dementia) & my Dad (cancer) before her till he left us for the past 8 yrs. Does anyone have any info to help guide me through a payoff so that I can save my family home while severing our ties to Champion Mtg & their by-the-minute fees being constantly accrued? SO STRESSED! Thank you so very much in advance for your reviewing this msg.

My mother passed on 12/27/2020. She took out a reverse mortgage from Generation Mortgage. They sold it to Champion Mortgage. The people who work for them are not very intelligent. I sent them a copy of her will and death certificate. When I spoke to them they told me they never received it so I sent them more copies. This time I sent it certified. I filed her will in probate. They need people that know what they are doing because every time I speak to have something different to to say.

I found out my Dad had a reverse mortgage that was sold by Wells Fargo to Champion. After researching his case I called today to confirm my understanding, with the most important question being "for how many more months would he receive monthly checks?" The customer service agent said 'the rest of his life' almost 10 times. I was shocked at how poorly trained he was and how angry he was becoming when I asked him to repeat that information. I called back 5 minutes later and the next agent said "10 more months." I told her what I was told 5 minutes previous and she said a supervisor would call me back. That was 6 hours ago.

I will not write a long drawn out essay. Champion Mortgage operates as Nationstar and they are down right treacherous. There are 2 class action suits against them. You are not crazy they have violated the rights of many consumers and foreclosed on many homes because of it.

About 10 yrs. ago we took out reverse mortg. with bank of america. We were given $29,000. A few yrs. later we were notified boa sold our rev. mortg. to Champion mtg.. As of 12/31/2019, our balance on mortg. is $91,048.12. Over three times the amount we owed. Outrageous fees charged monthly. Example; in 2019, charged interest of $260.--$309.76 per mo., service fee $25.00 per mo., $36.--$37.--per. mo. Monthly ins. premium. I just got a 2019 annual statement from champion. Showing for year 2019. They charged us total $4,352.55. In fees. This is outrageous.

My husband and I fell on hard times in 2012 and applied for a reverse mortgage with Met Life. We found out on the day of the closing that our mortgage had been sold to Champion. There were many things we had been told that we found out at that closing were not true. We were told there would be a small requested check at closing, and it took another week for that to happen. We paid our insurance and property taxes without fail up until last year when we were $5000 in arrears. Champion paid the tax bill and is foreclosing our home next month.

As others have noted, you DO NOT want to do business with Champion Mortgage. It has been over a year since I gave Champion Mortgage all the info they needed to process our deed in lieu (for my aunt's property after she passed away) and they STILL have not completed everything we need. They sat on the paperwork for over 6 months till I harassed them enough to move.

On 11/22/2019 an employee from Champion Mortgage told me she had fronted my 2019 property taxes. She said if I don't pay champion Mortgage back immediately my Reverse Mortgage would be in default and Champion Mortgage would take my house away. I called the Victoria County Tax Office that said Champion Mortgage never did pay my property taxes. This is an example par excellence of Mortgage FRAUD which is a "MISREPRESENTATION." Don't ever trust Champion Mortgage!