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  • Report:  #314111

Complaint Review: Joseph Nguyen - ALG Capital #603D477

Joseph Nguyen - ALG Capital #603D477 Mortgage loan funded different than what signed. Loan NOTE and Truth -in-lending missing. Mission Hills Calabasas California

  • Reported By:
    california California
  • Submitted:
    Mon, March 03, 2008
  • Updated:
    Tue, March 04, 2008
  • Joseph Nguyen - ALG Capital #603D477
    26707 Agoura Road, Suite 200
    Calabasas, California
    U.S.A.
  • Phone:
    818-274-5250
  • Category:

Loan was funded with higher interest rate and not the terms we signed. Charged fees to ALG Capital amounted to 24 times what showed on Good Faith Estimate. Numerous bogus charges that amounted to additional fees were charged.

On top of that, the loan got funded but we have not received the borrowers proceed. We were charged interest way before funding. Loan was transfered to another mortgage company 13 days prior to signing with the first mortgage company.

Settlement Statement and Loan terms were conveniently ommitted from borrowers copy. But per Clora Vernon of Virtual Escrow all papers were signed
as funded.

possible forclosure and homeless
california, California
U.S.A.

1 Updates & Rebuttals


Alg Capital

Mission Hills,
California,
U.S.A.

A message from ALG Capital

#2UPDATE Employee

Tue, March 04, 2008

We are sorry to hear about your experience. We'd like the opportunity to discuss your concerns. Please contact the Client Relations team at hr@algcapital.com so that we may discuss your situation. Our goal is for every client to have an outstanding experience with ALG Capital which is why 94% of our clients say they would refer us to friends and family. We look forward to hearing from you.

Client Relations

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