How do I report an unethical mortgage broker?

To submit a complaint, consumers can:

Go online at www.consumerfinance.gov/complaint/
Call the toll-free phone number at 1-855-411-CFPB (2372) or TTY/TDD phone number at 1-855-729-CFPB (2372)
Fax the CFPB at 1-855-237-2392.
Mail a letter to: Consumer Financial Protection Bureau, P.O. Box 4503, Iowa City, Iowa 52244.

Who regulates Texas mortgage brokers?

The Department of Savings and Mortgage Lending is an agency of the State of Texas and is subject to the oversight and under the jurisdiction of the Finance Commission of Texas.

Who regulates mortgage brokers?

The NCCP regulates the activities of persons who engage in credit activities including providing credit assistance to a consumer and acting as an intermediary (which includes providing wholesale mortgage broker services).

What is the Texas mortgage company disclosure?

Effective January 7, 2018, the Finance Commission of Texas on behalf of the Department of Savings and Mortgage Lending revised the Texas Mortgage Company Disclosure (the “Disclosure”) that a residential mortgage loan originator sponsored by a Texas licensed residential mortgage loan company must give to a residential …

What is Form A in Texas mortgage?

Form A is provided in cases where a borrower is conditionally qualified for a loan. These forms are required to be given by mortgage loan companies registered or licensed under the Mortgage Loan Company Licensing and Registration Act (Chapter 156, Texas Finance Code) and loan originators sponsored by such.

How do you foreclose in Texas?

Under Texas law, a lender has to use a quasi-judicial process to foreclose a home equity loan. In this process, the lender must get a court order approving the foreclosure before conducting a nonjudicial foreclosure. Also, Texas law doesn’t allow deficiency judgments following the foreclosure of a home equity loan.

How to file a complaint against a mortgage brokerage?

Often, the fastest way to find a resolution is to file and resolve your grievance directly with your mortgage brokerage, agent or administrator. 2. Ask them for a written response If you are unable to resolve your complaint directly, ask your mortgage broker or administrator to provide their final position in writing.

How to file a consumer complaint in Texas?

Residential Mortgage Loan Servicers Under Texas Finance Code Chapter 158, Residential Mortgage Loan Servicer Registration Act; a state savings bank if you feel you have been wronged in any way regarding your financial dealings and or transactions. To file a complaint, please read and follow the instructions below carefully.

How to file a complaint against a title company in Texas?

If you wish to file a complaint against a title company in Texas, you need to contact the Texas Department of Insurance. I listed my property for sale with a broker and the broker has done nothing about selling the house.

Who are mortgage bankers and originators in Texas?

Residential Mortgage Loan Originators and Mortgage Bankers under Texas Finance Code Chapter 157, Mortgage Banker Registration and Residential Mortgage Loan Originator License Act; Residential Mortgage Loan Servicers Under Texas Finance Code Chapter 158, Residential Mortgage Loan Servicer Registration Act;

What to do if you have a complaint about your mortgage broker?

Complaints about your mortgage lender or broker often concern your interest rate, prepayment penalties, fraud, deception, or other matters about your home. If you are unsuccessful in problem-solving with your bank, contact an attorney to discuss your legal options. They may advise you to make a formal complaint.

Which is an example of a mortgage complaint?

Examples of common mortgage complaints include: Applying for a mortgage. Receiving loan estimates and closing documents. Transferring a mortgage to another servicer. Applying your payments correctly. Refinancing or modifying a mortgage loan. Misreporting mortgage account status to you or to credit reporting agencies.