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Clara Lending Reviews (4)

Revdex.com:I have reviewed the response made by the business in reference to complaint ID [redacted] , and find that this resolution is satisfactory to meSincerely, [redacted]

I was in the market to refinance my property, but the issue is that I didn't have the exact value of my home so I wasn't sure if I would qualify for a loanI was worried about the $appraisal feeI first went to Rocket Mortgage and they explained that they have a promotion where if the official appraisal came back negative and we couldn't move forward with the loan, they would refund the appraisal amountI went to *** and mentioned this, and the *** representative (*** ***) said they can absolutely match thisI worked with *** months back and explained to him that I was hesitant to pay the $fee so he already knew my concernThen, prior to me executing the final decision to move forward with the appraisal, I again clarified with ***Again, he stated that if we didn't get the loan through, he can reimburse me the $amount that was charged to my AmexWhen the results came back and the house was valued to low to qualify for a loan, I requested that *** reimburse me f

Revdex.com:I have reviewed the response made by the business in reference to complaint ID [redacted], and find that this resolution is satisfactory to me. Sincerely, [redacted]

August 2, 2017
 
Mr. [redacted]
 
Re: Request for refund of the appraisal fee
 
Dear Mr. [redacted],
 
I am writing in response to your Revdex.com complaint # [redacted] received by [redacted] Lending Co. (“[redacted]”) on...

August 1, 2017. I apologize for your experience and any misunderstanding between you, Mr. [redacted] and Mr. [redacted].
 
The terms of [redacted]’s base appraisal fee provide that the fee is nonrefundable once an appraisal report is delivered. In this instance, we can confirm our receipt of your appraisal report on July 20, 2017. Further inquiry revealed the telephone calls between you and Mr. [redacted] were not recorded and therefore we are unable gain clarity on what may have been communicated. 
 
At [redacted], we strive for clear, accurate and transparent communications with our clients every step of the way. Therefore, after review of your request and discussion with Mr. [redacted] and Mr. [redacted], in good faith, we have issued a refund of $450 to your American Express card, Stripe reference number [redacted].  We have also taken the opportunity to reinforce the base appraisal fee policy with our Loan Officers.
 
Thank you for bringing this matter to our attention and we apologize for any misunderstanding.
 
Sincerely,
 
[redacted]Head of Production
 
cc:        Revdex.com, San Francisco Bay Area
            Loan file

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