CMG Financial
-
1200 S Pine Island Rd
Plantation, FL 33324 - 954-908-3705
Hours
Chamber Rating
-
Mike Medina
Aug 1st, 2019 -
Kia the CEO
After being pre-approved and then later receiving a loan commitment with conditions for a home loan with CMG, they told me that my loan was denied based on an oversight on their behalf just one day before my closing was scheduled to happen. Apparently a previous application for a home loan with WellsFargo (for another property) was 'flagged in the FHA system for a denial based on my income' and that they wanted to see WellsFargo's calculations before they considered approving me. They asked for my contacts over at WellsFargo and reached out to them requesting their calculations to "make sure they weren't missing something" and WellsFargo declined to share their calculations with them. #1 I was told by several other reputable people in real estate that there is no such FHA system where this information is flagged and that CMG is lying to me. #2 I was told by several other reputable people in real estate that they never heard of any lenders requesting a previous lender's calculations to consider someone for a loan. #3 I now have lost my $10K deposit (the only extra money I had) due to their "oversight" since the contingencies which would have allowed me to get my deposit back had already expired. #4 After being told several times that my debt to income ratio was totally fine, my denial letter states that I was denied to do unverifiable information and my debt to income ratio. I don't understand what my application with WellsFargo had to do with them. I am in a totally different and better position than I was with the WellsFargo application I did 2 months ago. I put my trusted these people and at the last hour they let me down because of their negligence. I am extremely devastated by this experience and I urge everyone to beware.
Mar 28th, 2017
Contact Info
- 954-908-3705
Questions & Answers
Q What is the phone number for CMG Financial?
A The phone number for CMG Financial is: 954-908-3705.
Q Where is CMG Financial located?
A CMG Financial is located at 1200 S Pine Island Rd, Plantation, FL 33324
Q What is the internet address for CMG Financial?
A The website (URL) for CMG Financial is: http://www.cmgfi.com/
Q What days are CMG Financial open?
A CMG Financial is open:
Thursday: 9:00 AM - 6:00 PM
Friday: 9:00 AM - 6:00 PM
Saturday: Closed
Sunday: Closed
Monday: 9:00 AM - 6:00 PM
Tuesday: 9:00 AM - 6:00 PM
Wednesday: 9:00 AM - 6:00 PM
Q How is CMG Financial rated?
A CMG Financial has a 3.0 Star Rating from 2 reviewers.
Hours
Ratings and Reviews
CMG Financial
Overall Rating
Overall Rating
( 2 Reviews )Mike Medina on Google
Kia the CEO on Google
After being pre-approved and then later receiving a loan commitment with conditions for a home loan with CMG, they told me that my loan was denied based on an oversight on their behalf just one day before my closing was scheduled to happen. Apparently a previous application for a home loan with WellsFargo (for another property) was 'flagged in the FHA system for a denial based on my income' and that they wanted to see WellsFargo's calculations before they considered approving me. They asked for my contacts over at WellsFargo and reached out to them requesting their calculations to "make sure they weren't missing something" and WellsFargo declined to share their calculations with them. #1 I was told by several other reputable people in real estate that there is no such FHA system where this information is flagged and that CMG is lying to me. #2 I was told by several other reputable people in real estate that they never heard of any lenders requesting a previous lender's calculations to consider someone for a loan. #3 I now have lost my $10K deposit (the only extra money I had) due to their "oversight" since the contingencies which would have allowed me to get my deposit back had already expired. #4 After being told several times that my debt to income ratio was totally fine, my denial letter states that I was denied to do unverifiable information and my debt to income ratio. I don't understand what my application with WellsFargo had to do with them. I am in a totally different and better position than I was with the WellsFargo application I did 2 months ago. I put my trusted these people and at the last hour they let me down because of their negligence. I am extremely devastated by this experience and I urge everyone to beware.
Overall Rating
Overall Rating
( 2 Reviews )Write a Review
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