AmeriSave Mortgage Corporation has been at the forefront of digital mortgages since 2002. By providing diverse loan products, low rates and authentic, transparent communication, borrowers can count on AmeriSave for all of their home financing needs. Read the reviews and see for yourself why AmeriSave is one of LendingTree’s “Top 10” rated lenders!
Communication of any sort would have been nice. Loan processor and organizer barely made it to closing despite we warning we were falling behind. Lack of answers to simple questions.
Do not pay the Amerisave upfront fee of $500.
Amerisave charges $500 upfront and its non-refundable. This was a big red flag, but with the positive reviews, I thought I'd give the a try for a home refinance try. Unfortunately, my experience was like many of the bad reviews Amerisave receives here, at other review sites and even at the Better Business Bureau (research it....). Just like so many others, it was all responsive and positive until I paid the $500 fee to start the loan process. They would not immediately lock in a rate (red flag #2) but said that's just "the way they do things" and would lock me in within 1-2 weeks. Even the loan officer said he did not like that practice (red flag #3). I gave them all the documentation they requested and completed all their forms within 24 hours. I expressed several times that I would like to lock the rate ASAP. 2 weeks came and went and zero progress on the loan. No lock, no underwriter assigned and only few pasted in partial screen shots showing me "things were moving". No documents ever sent confirming a title company or anything, just screen shots of dates and line items on some spreadsheet he had. What company does that? 4 weeks later and the excuses start. The title company is going slow, or some other 3rd party is holding things up, or another excuse. 6 weeks later and still not even a rate lock. There were no credit issues, no paperwork issues, even the rate was matched by others so there should have been no issues. 8 weeks, 9 weeks pass and still nothing but excuses. Loan officer even stated that no one was getting a loan through in under 2 months. That was not true. I advise you to stay completely away from Amerisave and what certainly seems like very skeptical practices. Do not pay an upfront fee. Especially if they won't even lock in a rate. Luckily a week into the process I got very suspicious about this behavior and I started a second refinance with a different company. That loan was the exact same rate and overall fees. That loan was completed in 40 days, a very typical turnaround and proved there were no real. At that time, Amerisave still had not even locked in a rate and was now asking for additional pay stubs since the previous had "expired".....(and pretty much shows they had not even done anything on the loan) . I gave Amerisave a chance unfortunately and lost the $500 deposit and several weeks of frustration. Hopefully anyone reading this will not. Again, check Better Business Bureau, don't just take my word for it.
It have been a terrible experience
After I applied I sent a couple email's no response only automatized emails asking for my documents
to complete my application. I needed more information on my preapproved loan.
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