HaleyRae P

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Pennymac - Returning Escrow Account Funds To Us ASAP!

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Updated by user May 21, 2022

Regarding Loan #820181****Happy Saturday!We would like to close our escrow account and have all of the funds returned to us. We will make all of our own payments ourselves directly.We found out that the home insurance was NOT paid in full by PennyMac from our escrow...

Original review May 21, 2022
Regarding Loan #820181****
Happy Saturday!
We would like to close our escrow account and have all of the funds returned to us. We will make all of our own payments ourselves directly.

We found out that the home insurance was NOT paid in full by PennyMac from our escrow account. That is super frustrating as neither of us have ever missed or been late on any payment in our lives ever. We are NOT happy about or okay with this. We believe we are more responsible than PennyMac to pay for our home insurance and property taxes.

We have taken many financial courses and have zero debt besides our mortgage and now have way lower monthly bills in Orlando, Florida, 32822 than we had for the past 8 years in Beverly Hills, California, 90210.

We also obtained this mortgage only using Adam's income and none of HaleyRae's income was ever factored in. Needless to say, but there is zero reason why an escrow account should be required with this particular mortgage.
Thank you so very much for taking the time to fully read, process, understand and reply to this message in a timely manner!
Sincerely,
HaleyRae + Adam Porwoll
(424) 382-****/(320) 223-****
haleyraecannell@***.com
adamporwoll@***.com
porwolladam@***.com
poad0801@***.com
View full review
Loss:
$3303
Cons:
  • Misrepresentation of the modification department
  • Not honest
  • Questionable ethics

Preferred solution: Full refund

User's recommendation: Do NOT get an escrow account!

1 comment
Guest

PennyMac ( former Countrywide Financial) is a FAKE servicer who merely allow other companies to use their names in letterheads. Pennymac does not collect any money and does not make any escrow payments.

All your money are stolen by one of Wall Street investment banks as revenue. Nobody has loan account receivable for your โ€œ loanโ€