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  • Report:  #276138

Complaint Review: Downey Savings

Downey Savings Newport Beach Ca "Downey Savings" "What Joke" Newport Beach California

  • Reported By:
    Newport Beach California
  • Submitted:
    Thu, September 27, 2007
  • Updated:
    Thu, September 18, 2008
  • Downey Savings
    3501 Jamboree Rd
    Newport Beach, California
    U.S.A.
  • Phone:
  • Category:

"Downey Savings" " What Joke"

What a joke this the worst banking, and lending instution on the planet!!!!!

Being a former employee I have never worked for loan,or banking instute worst that Downey!!! I'm embarassed to say I worked for them!!!

You do not want to work, or do your home refinance with them. these clown don't care about there employees or their customers!!!

The upper Mangement is joke !!! these F*@%* morons don't have a clue what's going on!!! All I did was fill out micro managing report all week..
"Oh What's your agenda for the day" " How many loans did fund this week" I just started working for you this week!!! "Hello Mcfly" the obvious answer NONE!!!

Your suppose to self employed !!! YEAH RIGHT what joke, I was get pages where are you 10:30 am !!! WHAT ARE DOING TODAY !! ARE YOU GOING TO CALL ON REALTORS TODAY!! WHAT JOKE!! This Company is 15 years behind in technology!! All mgs are bunch weak a*s order takers afraid of losing there jobs!! I never work with MORE WHINNING,SNIBBLING,CRYING CORPORATE BABIES, IN MY LIFE!!
I was horrified on how they let corp employees treat loan officers. rude, arrogate, and non helpfull. Nobody wants to work!! all I ever heard is that not my job, you want me to what!! What ever happen to just going work, and doing your job. These babies need to fired!!! Mangers don't back up their employees .. they are so afraid of upper management they piss in there pant at sight of them!! This company is the worst to work for if your in the loan industy!!! they need fire all upper management now!! and start over. These idiots don't have a clue!!

The appraisal dept, underwriting, processing are worst in loan industry!! PERIOD!! This companies rates are joke!! HOW WOULD YOU LIKE TO WORK FOR A BANK THAT'S GOING TO UNDER VALUE YOUR BORROWERS PROPERTY ON YOUR LOANS YOU SUBMIT!! And they do it on blaintly. So how are going to make any money? YOU CAN'T !!!! THEY THINK LOAN OFFICERS ARE STUPID,AND DO NOT KNOW HOW TO READ APPRAISALS. !! SORRY NOT THIS LOAN OFFICER!!

IF YOU WANT TO PUT UP WITH CORPORATE BULLSHIT THIS PLACE TO WORK !!! IF NOT STAY FAR AWAY!! ... DOWNEY SAVINGS WHAT JOKE!!!

Steven
Newport Beach, California
U.S.A.

3 Updates & Rebuttals


Ledeen

Long Beach,
California,
U.S.A.

Not really a Rebuttal more of a question

#4Consumer Comment

Wed, September 17, 2008

I am a Homeowner who made the fatal mistake of believing Downey reagrding my home mortgage. I was sold an OPTION ARM Loan (via a broker) and lied to regarding what the 4 optional payments would be except for the minimum payment that if paid, I would loose the house.

Also, they sold my loan to an investment group with Wells Fargo as the Master Servicer,and Downey wont give me any contact info nor will they discuss a modification stating the cannot since they dont own the loan. But also wont direct me to who can help me.

I have never been late, I am paying every dime I can in an attempt to push out the reset date as far as possible

They also lied to me when I initially called after getting my first statement, and I asked if I could make a payment in between the Minimum payment and the INterest Only payment since the INterest Only payment was 4,200 instead of the promised amount of 2,900.

Stupid me I believed them, ughhh.

I just want to be able to talk to someone who can speak to modifying the loan if possible.

Maybe youd have some insight since you worked there. My email is "traditionalwoods@hotmail.com"

Ledeen


Ledeen

Long Beach,
California,
U.S.A.

Not really a Rebuttal more of a question

#4Consumer Comment

Wed, September 17, 2008

I am a Homeowner who made the fatal mistake of believing Downey reagrding my home mortgage. I was sold an OPTION ARM Loan (via a broker) and lied to regarding what the 4 optional payments would be except for the minimum payment that if paid, I would loose the house.

Also, they sold my loan to an investment group with Wells Fargo as the Master Servicer,and Downey wont give me any contact info nor will they discuss a modification stating the cannot since they dont own the loan. But also wont direct me to who can help me.

I have never been late, I am paying every dime I can in an attempt to push out the reset date as far as possible

They also lied to me when I initially called after getting my first statement, and I asked if I could make a payment in between the Minimum payment and the INterest Only payment since the INterest Only payment was 4,200 instead of the promised amount of 2,900.

Stupid me I believed them, ughhh.

I just want to be able to talk to someone who can speak to modifying the loan if possible.

Maybe youd have some insight since you worked there. My email is "traditionalwoods@hotmail.com"

Ledeen


Ledeen

Long Beach,
California,
U.S.A.

Not really a Rebuttal more of a question

#4Consumer Comment

Wed, September 17, 2008

I am a Homeowner who made the fatal mistake of believing Downey reagrding my home mortgage. I was sold an OPTION ARM Loan (via a broker) and lied to regarding what the 4 optional payments would be except for the minimum payment that if paid, I would loose the house.

Also, they sold my loan to an investment group with Wells Fargo as the Master Servicer,and Downey wont give me any contact info nor will they discuss a modification stating the cannot since they dont own the loan. But also wont direct me to who can help me.

I have never been late, I am paying every dime I can in an attempt to push out the reset date as far as possible

They also lied to me when I initially called after getting my first statement, and I asked if I could make a payment in between the Minimum payment and the INterest Only payment since the INterest Only payment was 4,200 instead of the promised amount of 2,900.

Stupid me I believed them, ughhh.

I just want to be able to talk to someone who can speak to modifying the loan if possible.

Maybe youd have some insight since you worked there. My email is "traditionalwoods@hotmail.com"

Ledeen

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