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I am in middle of filing a class action lawsuit on Penny Mac for illegal business practices, fraud, violation of consumer rights . The federal government is also involved . If there is anyone out there who have been wronged by this company , please reply and or contact...
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Anonymous
Anonymous

I would like to participate in this. I built my home and closed Dec 2015. Since then my escrow was supposedly short 2017 for $10,000, I did remodification that was complete Ju...

Anonymous
Terriross55

They did me wrong to! Here is my email address. terriross5066@gmail.com I would love to join you on getting these ppl

1.0
#1067092
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I don't know what consumers can do when they can't get there insurance money. I had a hail damage claim that required a new roof. Due to the fact it was over $10,000, the insurance company placed Pennymac's name on the check. They keep it in escrow until work is done...
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Anonymous
Anonymous

After reading all these comments I think we need to refinance. We just got hit with a demand for $4000 in escrow when we pay $4000 into escrow already. Our annual charges for ...

Anonymous
Pennymac Sucks 34

I am having same issue with Pennymac. I owe roofing contractor over 22k, and Pennymac is refusing to send me insurance check. The people who answer phone for insurancecheck.co...

#1401820
Reply to reviews
We filed an insurance claim for storm damage Feb 2015. Our insurance company (State Farm) was prompt in issuing a check to us (with pennymac as an endorsee) for repairs to begin. The check was under $10,000 so, according to the guidelines provided by the claim center,...
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Anonymous
Kay

Our home was destroyed by fire four months ago. Our insurance company has issued us a check to cover abatement costs with Penny Mac's name on it as our mortgage company. After...

Anonymous
Anonymous

I’m going through the exact same thing with Penny Mac, I have everything well documented and proof they are lying. It’s been a year since USAA sent them the check and I haven’...

1.0
I didn't like
  • Worst customer service ever
  • Lack of help
  • Unwilling to own their mistakes
#622885
Reply to reviews
During the real estate crises my mortgage was sold 4 times and we eventually ended up with PennyMac. We have paid our mortgage dutifully and on time for over 10 years and we're still under water and struggling to make payments because of Pennymac's claims of escrow...
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Anonymous
Brooke

Same issue here! My house payment went from 1104 to 1549! We can’t afford that I’m blown away!

Anonymous
Anonymous

They already are screwing with my escrow. Takes about a year and they start messing around. I’m going to line a lawyer up I dont trust these ppl already after one year.

1.6
#1352373
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Pennymac - Rejected payments on known goodcaccount

Pennymac - Rejected payments on known goodcaccount
Every month I have to pay my mortgage payment 2-3 times out of the same account! PennyMac rejects the payment saying the bank account shows closed! It is fraud and against the law! It takes 2-3 times of resubmitting the payment before they finally accept it! This is how they illegally charge late fees to consumers! This fraud needs to stop!
1.6
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Diversity of Products or Services
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#1428304
Reply to reviews
As a former employee and reading all these reviews, they are all correct. PennyMac takes customers monies and puts them in their holding accounts to gain interest then applies them where needed and you need to fight them to get it corrected. Not only the customer has...
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Anonymous
ashley kay - 682.554.2942

Ok .. I got a letter from PennyMac stating that my escrow was short and that my payments were going from 985.22 to 1352 and some change! How do I argue this?

HastyCarolinaDog
HastyCarolinaDog

Thank you so very much for speaking out truthfully against this company. They have been nothing but unethical, and unprofessional in all of their practices against me personal...

1.0
#1318974
Reply to reviews
Our mortgage was bought by BofA and then PennyMac. Since PennyMac acquired our mortgage, they have been sending a representative to our home monthly to "verify we still reside at the address". This representative takes pictures and delivers forms that offer counseling...
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#1431886
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This company is completely out of control! They sent me a escrow bill for 1600.00 when I talked to them about it they said the shortage was of a little over 200.00 but then explained that I needed to fund my reserve. I asked what reserve? The man explained that there...
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Anonymous
Angry and stressing out

I had Penny Mac Mortgage and refinanced to Loan Depot a year ago and was so happy to get rid of Penny Mac because of there Escrow Reserve which I think is so crooked, I've had...

Anonymous
Tom T

Pennymac is a terrible mortgage company. I will be calling the NY State attorney General on this company. They are raising my escrow and my taxes on my house are not as much a...

#1316601
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I would love to get in on a class action lawsuit against PennyMac!! My original loan was with them and I had 27 years left on it. They approached me to re-finance. I was able to get into a new 23 year mortgage and paying $150 less a month. Turns out they under...
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Anonymous
Rob

I just had something similar happen to me with them. Got a letter saying i have an escrow shortage and to pay about 300 extra a month into a my escrow account, After complaini...

#1392485
Reply to reviews
Complaint: PennyMac mortgage company has erroneously reported my mortgage payments late since October 2016 until this date, October 2018. Explanation: Bank of America sold our mortgage to PennyMac in October 2016. They did not report any payments until February of 2017...
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1.8
I liked
  • Unethical
#1374149
Reply to reviews