I posted on this forum a week ago concerning my extreme dissatisfaction with the USAA mortgage process. In response, I received two calls from so-called representatives of the CEO's office. I was assured that USAA was aware of potential problems and was doing everything to assure my closing would occur on time.
Shockingly, today, my paralegal received an email from USAA's representative demanding a closing statement document, and threatening to cancel closing if it was not provided immediately. However, the closing statement was provided to USAA on December 18, five days prior to the demand.
I really don't know what is going on at USAA. This could just be a disconnect between various divisions and contractors of USAA involved in the mortgage process. But the level of negligence and lack of attention to detail is truly unbelievable. In the words of my paralegal, who has been conducting residential real estate transactions for 30 years, "I had to stop myself from getting REALLY nasty in my e-mail. How inefficient can they be???"
Bottom line: I don't know if my experience is representative or if I'm an unlucky outlier, but I cannot in good conscience recommend USAA mortgage services. Even after raising concerns to "representatives of the CEO" and "member advocates", service has continued to decline, and my closing date my yet again be delayed because USAA has misplaced documents sent via email 5 days ago.
We had a similar experience with the USAA mortgage team in 2013. We almost missed a second closing date because of their inefficiency and apparent lack of concern. I strongly urge anyone to use another company for their mortgage needs. USAA is an excellent insurance company but poor in regard to mortgages.
I think I am about to get screwed. I was told last Wednesday that I was cleared by underwriting. Now, I am scheduled to close this Friday, 9 days after cleared by Underwriting. I get a call today, Tuesday (my closing is 3 days away) and am told that Underwriting denied my loan? WTF? I havean 820 credit score, putting down a large amount. And they have known everything since the appraisal that was sent to me by USAA after they received it on June 8, 2016. Now, with a closing in less than three days, I have to wait until tomorrow to see if Underwriting will change their mind after I clarified something in an email to the processor that she claims was given to her Director who is working with the Director of Underwriting to try to get it approved. Talk about ridiculous. I started this process in April, 2016 and now, 3 days before closing this happens. I am sick to my stomach trying to figure out what to do. There are pets involved that will have no place to stay, I have all my stuff that will have to be put in storage, the seller is moving out by Friday and the house will be in limbo with utilities and everything else. USAA ****-up will end up costing me and others lots of extra money with the delay and now I have to get another mortgage somewhere else. They are losing out on $200,000 in interest over the 30 year life of the loan. Do they really care about veterans and members with over 20 years with them, I don't think so. They should be bending over backwards for someone with my credit score and steady income and not a late payment ever in my life (I am 46). Now I have to figure out the mortgage fiasco and then where to go get my auto and home insurance, move all my retirement accounts somewhere else, and set up direct deposit somewhere else and move all my money out of here. They can prevent that and make money on interest if they just get their head out of their ***. I have to wait until tomorrow morning (Wednesday, 2 days before the scheduled closing for a decision which everyone else is telling me underwriters never change their mind). Well, wish me luck.
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