973 views
New Reviewer
0 comments
stars-rating-full stars-rating-full stars-rating-full stars-rating-full stars-rating-full
1.8

PennyMac took over servicing of our loan in September, 2014, and has not reported one single payment that I've made. Every payment due on our loan has been on time since we bought this home in 2012.

They are not reporting on my wife's behalf due to her BK7 in 2013 because they "never received a reaffirmation letter", although they did receive a Letter of Intent. According to PennyMac they are going to report on my credit only, never on my wife's for the life of the loan. It hasn't happened yet. I personally have been denied increases on existing credit accounts due to lack of real estate loan reporting.

I am currently in search of legal advice.

Reason of review: Problems with payment.

Preferred solution: Get reaffirmation letter to wife's attorney that should have been provided by lender in the first place, and get payment history reported to bureaus.

Pennymac Cons: Their service and procedures.

Location: Pollock Pines, California

Do You Have Something To Say ?
Write a review

Comments

chat-icon

Please avoid publishing any personal information and promotional content

You will be automatically registered on our site. Username and password will be sent to you via email.
Post Comment

Pennymac Reviews

  1. 271 reviews
  2. 66 reviews
  3. 24 reviews
  4. 9 reviews
  5. 9 reviews
Pennymac reviews