We attempted to apply for a PennyMac Home Loan refinance. We went through all the hoops providing more financial information that was necessary when we first secured our VA loan. This company representative claimed that the loan process was in the final stages of completion. Approximately two and a half weeks later my wife called inquiring as to our loan status to find out it was disapproved. They called us to ensure that we made a mortgage payment prior to the due date, which they've never done in the past. That was the last contact we had from them, which was about two weeks prior to my wife's phone call. No one ever contacted us as all the primary representatives were on holiday vacation. I would seriously disregard any attempt to do business with this company. In my opinion, they are less than professional and, as most mortgage lenders are, out to make the most money possible. I would recommend to all veterans and potential military home buyers to search elsewhere and do your groundwork to identify the reputation of any mortgage company and especially what they're charging you for their services.
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